An estimated average of 20 billion barrels of oil and 1.6 billion
barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas» Permian Basin.
Crude oil output reaches an undulating plateau of just under 69 mb / d by 2020 while
production of natural gas liquids (NGLs) and unconventional oil — notably Canadian oil sands — grows strongly.
Dilbit is created by diluting bitumen, a heavy tar - like substance containing numerous toxic substances, with either conventional light crude or diluent, a
cocktail of natural gas liquids.
The partnership's portfolio consists of approximately 61,000 miles of natural gas pipelines and approximately 2,000
miles of natural gas liquid (NGL) transportation pipelines.
A 2008 U.S. geological survey pegged oil reserves north of the Arctic Circle at 90 billion barrels — or 13 % of the projected undiscovered oil in the world — and 44 billion
barrels of natural gas liquids.