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New survey finds twenty billion barrels of oil worth up to $900 billion under west Texas in largest continuous field ever discovered in the U.S.
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- The Wolfcamp Shale in the Permian Basin, west Texas, has an estimated 20 billion barrels of oil worth up to $900 billion
- It also has an estimated 1.6 billion barrels of natural gas liquids, according to the new US Geological survey
- Oil field is biggest ever discovered and is nearly three times larger than the shale oil found in 2013 in the Bakken and Three Forks formations
- Experts say only 50-60 per cent of the oil will be recovered while oil firms will have to pay for extraction and processing
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