As of 2013 the Cline Shale, also referred to as the "Wolfcamp/Cline Shale", the "Lower Wolfcamp Shale", [1] or the "Spraberry-Wolfcamp shale", [2] [lower-alpha 1] or even the "Wolfberry", [4] is a promising Pennsylvanian oil play east of Midland, Texas which underlies ten counties: Fisher, Nolan, Sterling, Coke, Glasscock, Tom Green, Howard, Mitchell, Borden and Scurry counties. [1] Exploitation is projected to rely on hydraulic fracturing. [5]
an organic rich shale, with Total Organic Content (TOC) of 1-8%, with silt and sand beds mixed in. It lies in a broad shelf, with minimal relief and has nice light oil of 38-42 gravity with excellent porosity of 6-12% in thickness varying 200 to 550 feet thick. [1]
The total recovery was estimated to 30 billion barrels in 2012, [6] [7] and United States Geological Survey estimated the technically recoverable reserve to 20 billion barrels in 2016, the largest USGS estimate ever [8] and nearly three times larger than that of the 2013 USGS Bakken-Three Forks resource assessment in North Dakota. [9] The field also seems to contain 16 trillion cubic feet of natural gas. [9] This is the first assessment of continuous resources in the Wolfcamp shale in the Midland Basin portion of the Permian. [9] During the 1980s, vertical wells produced oil in the Wolfcamp area. [10] However, since 2000 in North America, horizontal drilling or porpoising along with hydraulic fracturing have grown tremendously and are tapping the continuous oil reserve. [10] In Odessa, Chris Schenk, a Denver-based research geologist and assessment team member, told KWES, "This oil has been known there for a long time -- our task is to estimate what we think the volume of recoverable oil is." [10] [11] According to Morris Burns, a local oil expert and former president of the Permian Basin Petroleum Association, 50% to 60% is recoverable beginning at a price range of $60 to $65 per barrel. [11] This area is the largest continuous oil discovery in the United States and encompasses the cities of both Lubbock and Midland which are 118 miles apart. [8] [9] [12] [lower-alpha 2]
The Cline Shale is more generally referred to as the Lower Wolfcamp Shale. The Cline is a small part of the greater Wolfcamp Shale Formation. [3] [14] [15] [lower-alpha 3]
The Permian Basin is a large sedimentary basin in the southwestern part of the United States. It is the highest producing oil field in the United States, producing an average of 4.2 million barrels of crude oil per day in 2019. This sedimentary basin is located in western Texas and southeastern New Mexico.
Marathon Oil Corporation is an American petroleum company that has existed since 1887. Marathon was founded in Lima, Ohio as the Ohio Oil Company. In 1899, the company was acquired by the Standard Oil Company. After the antitrust case against Jersey Standard in 1911 and subsequent breakup of its holdings, Ohio Oil once again became an independent company. In 1930, Ohio Oil acquired the Transcontinental Oil Company, which operated the "Marathon" brand of retail gasoline stations. Ohio Oil continued to use the Marathon brand, and in 1962, Ohio changed its name to the Marathon Oil Company.
EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.
XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America. Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources. The company specializes in developing shale gas via unconventional means like hydraulic fracturing and horizontal drilling.
Oil shale reserves refers to oil shale resources that are economically recoverable under current economic conditions and technological abilities. Oil shale deposits range from small presently economically unrecoverable to large potentially recoverable resources. Defining oil shale reserves is difficult, as the chemical composition of different oil shales, as well as their kerogen content and extraction technologies, vary significantly. The economic feasibility of oil shale extraction is highly dependent on the price of conventional oil; if the price of crude oil per barrel is less than the production price per barrel of oil shale, it is uneconomic.
The Piceance Basin is a geologic structural basin in northwestern Colorado, in the United States. It includes geologic formations from Cambrian to Holocene in age, but the thickest section is made up of rocks from the Cretaceous Period. The basin contains reserves of coal, natural gas, and oil shale. The name likely derives from the Shoshoni word /piasonittsi/ meaning “tall grass”.
The Williston Basin is a large intracratonic sedimentary basin in eastern Montana, western North Dakota, South Dakota, southern Saskatchewan, and south-western Manitoba that is known for its rich deposits of petroleum and potash. The basin is a geologic structural basin but not a topographic depression; it is transected by the Missouri River. The oval-shaped depression extends approximately 475 miles (764 km) north-south and 300 miles (480 km) east-west.
The Bakken Formation is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km2) of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba. The formation was initially described by geologist J. W. Nordquist in 1953. The formation is entirely in the subsurface, and has no surface outcrop. It is named after Henry O. Bakken (1901–1982), a farmer in Tioga, North Dakota, who owned the land where the formation was initially discovered while drilling for oil.
The Bend Arch–Fort Worth Basin Province is a major petroleum producing geological system which is primarily located in North Central Texas and southwestern Oklahoma. It is officially designated by the United States Geological Survey (USGS) as Province 045 and classified as the Barnett-Paleozoic Total Petroleum System (TPS).
The Monterey Formation is an extensive Miocene oil-rich geological sedimentary formation in California, with outcrops of the formation in parts of the California Coast Ranges, Peninsular Ranges, and on some of California's off-shore islands. The type locality is near the city of Monterey, California. The Monterey Formation is the major source-rock for 37 to 38 billion barrels of oil in conventional traps such as sandstones. This is most of California's known oil resources. The Monterey has been extensively investigated and mapped for petroleum potential, and is of major importance for understanding the complex geological history of California. Its rocks are mostly highly siliceous strata that vary greatly in composition, stratigraphy, and tectono-stratigraphic history.
Within the petroleum industry, proven crude oil reserves in the United States were 44.4 billion barrels (7.06×109 m3) of crude oil as of the end of 2021, excluding the Strategic Petroleum Reserve.
Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. In May 2024, the company was acquired by ExxonMobil.
The Spraberry Trend is a large oil field in the Permian Basin of West Texas, covering large parts of six counties, and having a total area of approximately 2,500 square miles (6,500 km2). It is named for Abner Spraberry, the Dawson County farmer who owned the land containing the 1943 discovery well. The Spraberry Trend is itself part of a larger oil-producing region known as the Spraberry-Dean Play, within the Midland Basin. Discovery and development of the field began the postwar economic boom in the nearby city of Midland in the early 1950s. The oil in the Spraberry, however, proved difficult to recover. After about three years of enthusiastic drilling, during which most of the initially promising wells showed precipitous and mysterious production declines, the area was dubbed "the world's largest unrecoverable oil reserve."
The Bazhenov Formation or Bazhenov Shale is a geological stratum in the West Siberian basin. It was formed from sediment deposited in a deep-water sea in Tithonian–early Berriasian time. The sea covered more than one million square kilometers in the central basin area. Highly organic-rich siliceous shales were deposited during this time in anoxic conditions on the sea bottom. The sea was connected to the world's oceans and contains trace minerals derived from dissolved minerals and organic materials similar to sapropel sediments in the Black Sea.
Vital Energy, Inc. is an American company engaged in hydrocarbon exploration incorporated in Delaware with its principal operational headquarters located in Tulsa, Oklahoma.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated and organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. In 2021, the company was acquired by ConocoPhillips.
Slaughter Field is a 100,000+ acre conventional oil and gas field 40 miles west of Lubbock, TX in Cochran, Hockley, and Terry Counties. It was discovered in 1936 by a three-way venture between Honolulu Oil Company, Devonian Oil Company, and Cascade Petroleum Company. The area was originally two different fields: Duggan Field and Slaughter Field. When it was proven that both Duggan Field and Slaughter Field were producing from the same formation, they were combined under a single field regulation named Slaughter Field. In March 2015, it ranked 25th on the United States Energy Information's Top 100 U.S. Oil and Gas Fields.
Diamondback Energy, Inc. is a company engaged in hydrocarbon exploration headquartered in Midland, Texas.
The Rub' al Khali Basin or ar-Rubʻ al-Khālī / ar-rubʿ al-ḵālī Basin, Arabic for "Empty Quarter Basin", is a major endorheic sedimentary basin of approximately 560,000 square kilometres (220,000 sq mi) in southern Saudi Arabia, northeastern Yemen, southeastern Oman and southeasternmost United Arab Emirates. The onshore foreland on Mesozoic rift basin is geographically defined by the eponymous Rub' al Khali and covers the regions of Najran and Riyadh and the Eastern Province. The basin is geologically bound by the Central Arabian Arch in the north, the Oman Thrust in the east, the Northern Hadramaut Arch in the south, and the Arabian Shield in the west. Politically, the southwestern boundary is formed by the border with Yemen and the border with Oman forms the southeastern boundary.