California weighs up tight-oil potential

16 January 2013

Shaun Polczer, CALGARY: California is emerging as the next front in the tight oil boom, and could outpaceTexas and North Dakota as the leading contributor to US production growth. A 2012 Energy Information Administration (EIA) assessment of North American unconventional oil and gas resources suggests California holds 15.4 billion barrels of oil equivalent (boe), which equates to about 64% of the US’ known tight oil and natural gas reserves of 23.9 billion boe. This figure compares to 3.59 billion boe for the Bakken and...



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