Feds Discover Largest Oil, Natural-Gas Reserve in History

  • The federal government has discovered a massive new reserve of oil and natural gas in Texas and New Mexico that it says has the “largest continuous oil and gas resource potential ever assessed.”
  • The Delaware Basin contains an estimated 46 billion barrels of oil, 281 trillion cubic feet of natural gas and 20 billion barrels of natural gas liquids.
  • US is on its way to Trump’s goal of ‘energy dominance

  • Marathon Petroleum Corp. Chairman and CEO Gary Heminger opines on the United States’ place in global energy markets in an interview with CNBC’s Jim Cramer.
  • Heminger says “we are well on our way” to becoming the world’s leading energy producer.
  • The CEO also reveals his price target for West Texas Intermediate crude oil in 2019.