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Oil production in 2014 increased 86% to 4.3 million barrels, as compared to 2.3 million barrels produced in 2013.
The Tuscaloosa Marine Shale, a 2.7 million acre emerging horizontal oil play with vast quantities of oil contained in this powerful Cretaceous-age source rock, created quite a stir in the industry two and a half years ago when Devon, one of the early entrants in the play, announced a significant acreage position and plan to drill several horizontal wells.
Since then, over half a billion dollars has been spent by E&P companies on leasing, geo-science and…