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This area is the largest continuous oil discovery in the United States and encompasses the cities of both Lubbock and Midland which are 118 miles apart. [8] [9] [12] [b] The Cline Shale is more generally referred to as the Lower Wolfcamp Shale. The Cline is a small part of the greater Wolfcamp Shale Formation. [3] [14] [15] [c]
Shale oil is an unconventional oil produced from oil shale rock fragments by pyrolysis, hydrogenation, or thermal dissolution. These processes convert the organic matter within the rock ( kerogen ) into synthetic oil and gas .
To fund its program, Devon sold a 30% interest in its Cline and Wolfcamp shale assets to Sumitomo for $1.4 billion last year. The company is on track to drill 30 pilot wells this year.
There are two types of oil shale resources in the United States east of the Mississippi River.The first is cannel coal, which was used widely in Kentucky, Ohio, Pennsylvania, and western Virginia (now West Virginia) to manufacture oil during the first American oil shale boom, 1854–1861.
The oil shale industry expanded immediately before World War I because of limited access to conventional petroleum resources and the mass production of automobiles and trucks, which accompanied an increase in gasoline consumption. [48] Oil shale production in Scotland peaked in 1910–1912 with more than three million tonnes. [14]
Oil shale is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons can be produced. In addition to kerogen, general composition of oil shales constitutes inorganic substance and bitumens. Based on their deposition environment, oil shales are classified as ...
Trump also mentioned his intent to impose tariffs on Canada and Mexico starting Feb. 1, sparking concerns of a trade war that could impact economic growth and, as a result, oil consumption.
Oil shale formation takes place in a number of depositional settings and has considerable compositional variation. Oil shales can be classified by their composition (carbonate minerals such as calcite or detrital minerals such as quartz and clays) or by their depositional environment (large lakes, shallow marine, and lagoon/small lake settings).