Monterrey

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California’s Monterey shale holds 21 MMbbl of recoverable oil: USGS

October 06, 2015

The Monterey formation in the deepest parts of California’s San Joaquin basin contains estimated mean volumes of 21 MMbbl of oil, 27 Bcf of gas and 1 MMbbl of NGL, according to the first USGS assessment of unconventional, technically recoverable resources in the Monterey formation.

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