Largest Oil and Gas Reserves Ever Assessed Found in West Texas

The U.S. Department of the Interior announced Thursday the Permian Basin’s Wolfcamp shale and Bone Spring formation spanning parts of West Texas and eastern New Mexico hold the largest potential oil and gas resources ever discovered. Federal surveyors note the Bone Spring plays could offer roughly seven times the amount of oil as the Bakken shale in North Dakota.

Oil rigs extract petroleum as the price of crude oil rises to nearly $120 per barrel, prompting oil companies to reopen numerous wells across the nation that were considered tapped out and unprofitable decades ago when oil sold for one-fifth the price or less, on April 25, 2008 in the …

Earthquake Swarm Breaks 1990 Record

A series of 400 small earthquakes have rattled the East Bay city of San Ramon and the surrounding areas since October 13, breaking a 1990 record that had seen 350 rattlers in more than double the amount of time.

David Moir / Reuters