Driller sees 75 trillion cubic feet gas, 3 billion oil barrels Alpine High field still faces infrastructure challenges Apache Corp. said it’s made an “immense” oil and natural-gas discovery in an underdeveloped area of Texas’ Permian shale formation, though a lack of infrastructure will pose challenges to bringing the fuel to market. Shares jumped 14 percent in New York trading. The Alpine High discovery in West Texas contains an estimated 3 billion barrels of oil and 75 trillion cubic feet of gas, Houston-based Apache said in a statement on Wednesday. The land is in a southern reach of the Delaware Basin, a subsection of the Permian that has been a hotbed of acquisition activity among oil explorers this year. Only 19 wells have been drilled in the Alpine High, a corner of the Permian that’s short on infrastructure to process and transport oil and gas, according to Benjamin Shattuck, […]