According to an article in Forbes, “there are several studies that point to the Eagle Ford Shale eclipsing the East Texas Field as the biggest oil field ever discovered in the lower 48 states.”
The historic East Texas Field has produced over 5.2 billion barrels of oil since it was first discovered back in 1930. It’s thought to contain as much as 7 billion barrels. Many of its 30,340 wells are still actively producing today.
But in true Texas style, there’s yet another oil shale play that could make the Eagle Ford and the East Texas fields both look like small potatoes.
How big is it? Initial estimates are pointing to recoverable reserves of 30 billion barrels of oil.
The name of this up-and-coming play is the Cline Shale. Get ready it could be another gamechanger.