Huge Oil Field Found in Utah

A tiny oil company has snapped up leasing rights to a half-million acres in central Utah that it says could yield a billion barrels or more of oil.

Geologists are calling it a spectacular find – the largest onshore discovery in at least 30 years, located in a region of complex geology long abandoned for exploration by major oil companies. It is turning out to contain high-quality oil already commanding a premium at refineries.
DowJones Newswires via iWon