09-08-16, 03:38 PM
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Born to Run Silent
Join Date: Jan 1997
Location: Cougar Trap, Texas
Posts: 21,383
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An overlooked corner of West Texas is believed to contain billions of bls of new oil
http://money.cnn.com/2016/09/08/inve...ery/index.html
Quote:
Apache (APA) revealed the huge find this week after more than two years of stealthily buying up land, extensive geological research and rigorous testing.
The Houston company estimates the discovery, dubbed "Alpine High," could be worth at least $8 billion.
Apache believes the new shale play spans at least five formations, contains over three billion barrels of oil and 75 trillion cubic feet of rich natural gas.
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Peak oil gets farther away. 
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