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USGS Uncovers Massive New Oil and Gas Potential in the Permian Basin
Market Intelligence Analysis
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Why This Matters
The USGS has discovered significant oil and gas reserves in the Permian Basin, challenging the narrative of declining shale oil and gas in the US, with enough resources to supply the country for 10 months of gas and 10 weeks of oil.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
A new discovery in the Permian Basin is challenging the narrative that shale oil and gas in the United States is declining. The United States Geological Survey (USGS) has released its assessment of undiscovered gas and oil in the Woodford and Barnett shales in the Permian Basin, assessing that there are technically recoverable resources of 28.3 trillion cubic feet of gas — enough to supply the United States for 10 months at the current rate of consumption — and 1.6 billion barrels of oil, or 10 weeks’ supply.If that doesn’t…
Original article published by
OilPrice.com
on January 20, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.