A huge reservoir of unexplored oil, possibly the largest ever discovered in the United States, was identified by the American Geological Institute (USGS) in West Texas.
USGS estimates that the deposit contains 20 billion barrels of oil in shale strata of the Permian Basin, a vast geological formation that stretches along the western part of Texas and an area of New Mexico.
The discovery is 3 times higher than the Bakken oil fields of North Dakota, and its value is estimated at $ 900 billion.
Enormous deposit of shale Wolfcamp area comprising the cities of Lubbock and Midland in Texas, is the largest oil field ever discovered uninterrupted by USGS. The area also includes natural gas and 1.6 billion barrels of liquefied natural gas.
"The fact that this is the highest rating an oilfield continuously that I ever did show that, even in areas that have produced billions of barrels of oil, there is still potential to billions (barrels)" said Walter Guidroz, coordinator of the USGS energy resources.
"Technological change and industrial practices can be significant when it comes to what technically recoverable resources, and therefore continue to make assessments of resources in the US and the world."
Over 3,000 horizontal oil wells have already been drilled in the Midland Basin Wolfcamp region. Geology of the area requires that companies use hydraulic fracturing, or fracking site to remove oil and gas from shale formations.
Rushing to open the Permian Basin led to a drop in oil preturileor, causing 2015, along with other aspects, a loss of 67 billion dollars america petroleum sector.
President Donald Trump promised to open new areas for oil, gas and coal as part of an energy policy "America First" which will involve eradication funding for clean energy.
