Sentences with phrase «technically recoverable oil»

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 Arctic Alaska Petroleum Province holds mean estimates of undiscovered, technically recoverable oil and gas resources of nearly 30 billion barrels of oil, about... Read more →

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.

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

Not exact matches

The U.S. Department of Energy estimated «technically recoverable» shale oil resources of 345 billion barrels in 42 countries it surveyed, or 10 percent of global crude supplies.

Adam Sieminski, head of the department's Energy Information Administration, said: «Today's report indicates a significant potential for international shale oil and shale gas, though the extent to which technically recoverable shale resources will prove to be economically recoverable is not yet clear.»

It's there, in the Wolfcamp formation of the Permian, that the United States Geological Survey (USGS) recently discovered 20 billion barrels of «technically recoverable» oil, the largest deposit ever to be found in the U.S. Bloomberg reports that the deposit is worth an estimated $ 900 billion at today's prices.

The US Geological Survey estimated in 2008 that the Arctic holds up to 90 billion barrels of oil — 13 % of the world's technically recoverable supply.

The U.S. Energy Information Agency (EIA) reports that over 1,300 trillion cubic feet of technically recoverable shale and tight natural gas and 89 billion barrels 9 of technically recoverable shale oil resources currently exist in discovered shale and tight sandstone plays.

A study commissioned by EIA to assess shale oil resources in 41 countries outside the United States, taken in conjunction with EIA's own assessment of resources within the United States, indicate worldwide technically recoverable resources of 345 billion barrels of shale oil resources.

While natural gas reserves reached another record in 2014 and oil reserves were the highest since 1972, the technically recoverable resources from which they came are enormous and will continue to supply proved reserves for Americans for decades to come.

A new EIA report shows that shale resources in the United States and worldwide represent 10 percent of the world's crude oil and 32 percent of the world's technically recoverable natural gas resources.

As shown in Table 1, estimates in the updated report taken in conjunction with EIA's own assessment of resources within the United States indicate technically recoverable resources of 345 billion barrels of world shale oil resources and 7,299 trillion cubic feet of world shale gas resources.

Slaughter estimated U.S. technically recoverable, economically feasible tight oil reserves at more than 40 billion barrels:

Comparison of the 2011 and 2013 reports ARI report coverage 2011 Report 2013 Report Number of countries 32 41 Number of basins 48 95 Number of formations 69 137 Technically recoverable resources, including U.S. Shale gas (trillion cubic feet) 6,622 7,299 Shale / tight oil (billion barrels) 32 345 Note: The 2011 report did not include shale oil; however, the Annual Energy Outlook 2011 did (for only the U.S.) and is included here for completeness.

Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States