we had a company last week, scott sheffield. we have been recommending it.he last ten days. i need to know, he mentioned that he bought older fields from other companies that didn't know there was anything in will. is this the type of thing that core labs does? take -- find oil where -- people didn't think there was recoverable oil? >> yes. jim, exactly right. you look at pioneer. scott sheffield and tim were doing a great -- are doing a great job there. one of core laboratories most sophisticated technological clients. we are helping them in the basin and also in the eagleford. now, when you look at applied technology as you mentioned we are going to help them produce more oil and gas every day but more importantly, we are going to apply the technology so we cover more amounts of oil from that reservoir over the life of the reservoir. >> now, i understand that this -- this may be it. you did come on once and last time because i was telling you i thought it would be big. you said there might be something else big or even bigger. is this possibly the second l

i asked scott sheffield, the pioneer, about the risk to this boom and why it may be different this time. let's listen. >> i believe this will continue for a long period of time. we are not drawing dry holes. we would bring on production too quick, end up finding a bunch of dusters. today there is no dry hole. it's different. >> the technology is different? >> we're making a well every time we drill a well today. >> it's not just oil and gas. it's technologies, seismic testing, you name it. making sure they don't drill those dusters. we're learning new terms five minutes into "street signs." let's bring in chris and mandy as well. is this time different than the 1980s? >> yeah. i agree with what gary said. i think it's different for sure. imagine a massive blanket and we know there's not a matter of drilling a dry hole. things are different now and technology has led us into this new era. i think if you look at where we are headed, we're going to have a very, very successful run ahead of us. >> the thing i worry about, though, chris, having been here for a couple of days, as i look aroun

scott sheffield and tim were doing a great job there. one of core laboratories most sophisticated technological clients. we are helping them in the permian basin and also in the eagleford. now, when you look at applied technology from core lab, as you mentioned we are going to help them produce more oil and gas every day but more importantly, we are going to apply this technology so they cover more amounts of oil from that reservoir over the life of the reservoir. >> now, i understand that this sprayberry wolfcamp, this may be it. you did come on once and last time because i was telling you i thought it would be big. you said there might be something else big or even bigger. is this possibly the second largest oil field in the world? >> that is correct, jim. it is only behind the guar field in saudi arabia which has about 160 billion barrels of recoverable oil. if we look at the trends together those can produce over 50 billion barrels of recoverable oil. it is a giant oil field, the second largest in the world. >> you basically -- it is

scott sheffield, chairman and ceo of pioneer natural resources. go through his presentation, largest u.s. oil fields and you'll feel like i am. you will be blown away. stay with cramer. >>> coming up -- diving into default? >> this is the credit worthiness of the united states we're talking about. >> while d.c. battles it out and puts the entire global economy at risk, cramer's flipping the script. don't miss his list of companies that could capitalize on the chaos in the capital. >>> and later -- looking for a way to play what's next in tech? cramer's got his eyes locked on the company powering google glass. it's already displayed a stunning performance quadrupling this year alone. but could technical signals point to more? find out on "off the charts." all coming up on "mad money." in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to k