Sentences with phrase «recoverable oil»

That's bad news for an industry that's seen its access to the world's 1.34 trillion barrels of recoverable oil reserves shrink to about 20 % as governments from Russia to Venezuela progressively nationalize their oil industries.

The IHS study says that the Permian still has a gargantuan 60 to 70 billion barrels of technically recoverable oil reserves.

Even more important, the Energy Information Administration estimates U.S. undiscovered, technically recoverable oil resources to be an additional 198 billion barrels.

Nearly 20 billion metric tons of CO2 will need to be purchased by CO2 - EOR operators to recover the 67 billion barrels of economically recoverable oil.

As recoverable oil reserves dwindle, there will be increasing pressure to convert coal to liquid fuels as well as exploit unconventional fossil fuels like methane hydrates, tar sands, and oil shale.

It details a gross hydrocarbon estimate of 189 mio barrels of OIIP (Original Oil in Place) and, fortunately, it confirms a higher recoverable oil estimate of 67 mio barrels.

Of the estimated 141 Bbbl of potentially recoverable oil using unconventional techniques, 135 Bbbl exist in plays that would likely require hydraulic fracture stimulation to produce.

Or it might change because economically recoverable oil runs out.

At current consumption, the US uses about 8 billion barrels of oil per year; conventionally recoverable oil from offshore drilling is thought to be 18 billion barrels total, not per year.

Publication date: 2009-04-01 First published in: Russian Geology and Geophysics Authors: A.E. Kontorovich Abstract: A probabilistic estimate of the global conventional recoverable oil resource was performed based on the concept of the Earth's sedimentary cover as a holistic system.

Everywhere you look more recoverable oil and gas supplies are being found and the cost of recovering them is going down, and the speed to market is increasing.

If test drilling revealed recoverable oil reserves, she says that a company would have to plunk down another $ 2 billion for an oil rig.

Summary: Oil company BP says recoverable oil runs out in 50 years.

At Nevada's current 427 K barrel rate of total annual production (painfully eked out at a measly daily average of 16.5 barrels of oil per well), it promises 157 years of brand new recoverable oil production for the state & the company.

Hence the rally... But that info's been known for some time now: It's really rather amazing the share price has increased over 1,600 % since March 2011, vs. a mere 43 % increase in the corresponding recoverable oil estimate.

quote: «Not every acre of land under lease contains commercially recoverable oil or natural gas resources.

Which means McConnell «should have said there are billions of barrels of recoverable oil across the country, and Michigan specifically potentially has approximately 500 million barrels,» according to a DOE official contacted by Midwest Energy News.

Cambridge Energy Research Associates estimate that the total recoverable oil resources in place are 3.74 trillion bbl (including non-conventional sources such as shale).

It might also serve the readers if they had an idea of just how much potentially recoverable oil we are talking about here.

The Beaufort and Chukchi seas off the coast of Alaska contain more technically recoverable oil and natural gas than the Atlantic and Pacific coasts combined, according to government estimates.

The US energy world was rocked by a new Energy Information Agency report that significantly cut the projection of recoverable oil from the massive Monterey Shale formation in California.

A probabilistic estimate of the global conventional recoverable oil resource was performed based on the concept of the Earth's sedimentary cover as a holistic system.

[iii] According to the EIA report, the United States has recoverable oil resources that are 36 times larger than its proved oil reserves and recoverable natural gas resources that are 7 times larger than its proved natural gas reserves for 2014.

Earlier this month the EIA released updated figures (pdf) that dropped the amount of recoverable oil in that formation by more than 90 percent, from around 14 billion barrels to just one billion.

The vast oil - sand deposits of Alberta are estimated to hold up to 170 billion barrels of recoverable oil, second only to Saudi Arabia.

Last month, Oslo - based Rystad Energy shared a report that shows the U.S. as now having the world's largest reserve of recoverable oil, with 264 billion barrels in existing fields, unconventional shale and as - yet undiscovered areas.

Technological advancements have just pushed the boundaries of recoverable oil and gas in the U.S. further, according to an announcement by the U.S. Geological Survey.

There is up to 24 billion barrels of recoverable oil and gas left under the North Sea that could kick - start Scotland's future as an independent nation

This new cold war is all about trade and resources: According to a 2008 study by the U.S. Geologic Survey, the Arctic has 20 percent of the planet's undiscovered and recoverable oil and natural gas deposits.

In a 1998 study, the U.S. Geological Survey estimated that federally owned lands in that region contain 4.3 billion to 11.8 billion barrels of recoverable oil, mostly spread out in small deposits.

The Arctic's undiscovered but technically recoverable oil is on the order of 90 billion barrels, according to a U.S. Geological Survey report released late in 2008.

In terms of recoverable oil and gas reserves and real estate alone, the U.S. government is sitting on more than $ 200 trillion worth of assets.

67 mio barrels of recoverable oil, that's bloody awesome..!

«About one quarter of the world's recoverable oil has been used to date.

Apart from these unrecoverable sources of fossil fuel the Arctic is also endowed with large amounts of recoverable oil and natural gas.

The map estimates that Illinois and Michigan have 1.2 billion barrels of potentially recoverable oil.

This means that the estimate of the recoverable oil was increased by 67 %.

Sen. Murkowski pointed out that «Cuba, Mexico, the Bahamas, Canada and Russia are all moving ahead on offshore development adjacent to our borders,» noting that according to the Department of Interior, «our offshore areas hold more than 86 billion barrels of recoverable oil and 420 trillion cubic feet of natural gas.

Because the demand for oil is so high, it will always be higher than production; thus the depletion rate will continue until all recoverable oil is extracted.

The amount of «recoverable oil» increases as price goes up, since we can use greater technologies and man power to recover oil, so we constantly redefine what «recoverable oil» is, and with the change of that definition, the amount available increases.

For clarity, I am asserting that «all recoverable oil» will never be extracted.

The Arctic contains the world's largest remaining conventional, undiscovered oil and natural gas, estimated at 13 percent of recoverable oil and 30 percent of recoverable natural gas resources.