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USGS Estimates 21 Million Barrels Of Oil And 27 Billion Cubic Feet Of Gas In The Monterey Formation Of The San Joaquin Basin, California

2015-10-16 02:45:49| oilandgasonline Home Page

The Monterey Formation in the deepest parts of California’s San Joaquin Basin contains an estimated mean volumes of 21 million barrels of oil, 27 billion cubic feet of gas, and 1 million barrels of natural gas liquids, according to the first USGS assessment ofcontinuous (unconventional), technically recoverable resources in the Monterey Formation.

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