Industry experts have witnessed growing interest in the Cline Shale formation in Texas over the past two years. "The information coming out on the Cline shale indicates up to 30 billion barrels of recoverable oil, which is substantially larger than other large plays," said M. Ray Perryman, head of The Perryman Group, an economic and financial analysis firm. The recoverable oil estimate could increase as drilling expands in the formation, Perryman added.

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