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World’s Largest Oil/Gas Field Found

Some 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion...
Some 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids are estimated to be underTexas and New Mexico(Credit:bluebay2014/Depositphotos)

As the United States becomes a net oil exporter for the first time in 75 years, the US Department of the Interior has announced the discovery of the largest continuous oil and gas field ever found. Situated in the Wolfcamp Shale and overlying Bone Spring Formation in Texas and the Permian Basin in New Mexico, the new resource is estimated to contain 46.3 billion barrels of oil, 281 trillion cu ft of natural gas, and 20 billion barrels of natural gas liquids worth trillions of dollars. read more