NEW MEXICO MAY BECOME AN EVEN BIGGER OIL PRODUCER. A NEW REPORT FROM THE U.S. GEOLOGICAL SURVEY SAYS AN AREA OF THE PERMIAN BASIN STRADDLING SOUTHEAST NEW MEXICO AND WEST TEXAS HAS THE LARGEST POOL OF OIL AND NATURAL GAS EVER FOUND IN THE UNITED STATES.
THE REGION IS BELIEVED TO CONTAIN 46 BILLION BARRELS OF UNRECOVERED OIL AND 281 TRILLION CUBIC FEET OF NATURAL GAS. IT ALSO CONTAINS AN ESTIMATED 20-BILLION BARRELS OF NATURAL GAS LIQUIDS.
