USGS: California’s San Joaquin Basin Is Not As Rich in Unconventional Oil and Gas as Anticipated

The Monterey Formation in California’s San Joaquin Basin contains an estimated mean volumes of 21 million barrels of oil, 27 Bcf of natural gas, and 1 million barrels of natural gas liquids, according to the first United States Geological Survey assessment of continuous (unconventional), technically recoverable resources in that formation.  This USGS analysis, based on […]