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‘Largest’ Shale Oil Reserve Discovered in US

Oil explorers in the U.S. state of Texas say they’ve discovered the largest deposit of shale oil in a region known as the Permian Basin. The so-called Wolfcamp formation, explorers believe, could hold up to 20 billion barrels of oil, worth up to $900 billion. The find could be three times bigger than the state of North Dakota’s Bakken rock formation, the largest find of unconventional oil ever discovered. “The fact that this is the largest assessment of continuous oil we have ever done...

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