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8/4/2019 U.S. Crude and Natural Gas Resources
http://slidepdf.com/reader/full/us-crude-and-natural-gas-resources 1/2
Page 31Energizing America: Facts for Addressing Energy Policy | July 2011
At a time when we need all the energy we
can find, increasing access to domestic
sources of oil and natural gas would enhance
our energy security. We have enough oil andnatural gas resources to power 65 million
cars for 60 years and heat 60 million
households for 160 years.
There could be much more oil and natural
gas than previously known in areas where
industry has been unable to fully explore,
and new technologies allow us to access
resources previously thought unreachable.
There are many examples of how the
government’s initial estimates dramatically
underestimated the amount of actual
resources. For example:
• Alaska’s North Slope oilfield has
produced more than 16 billion barrels
of oil and natural gas liquids, and is still
producing. Government agencies forecast
the region would produce no more than
10 billion barrels, total.
Developing domesticsources of oil and natural
gas will be an importantbridge to our energy future.
• In the Bakken Formation of North Dakota
and Montana, the U.S. Geological Survey
now says 3 billion to 4 billion barrels of
undiscovered oil are available – 25 timesmore than the original estimate made
in 1995.
• In 1987, the MMS estimated that there
were 9 billion barrels of oil in the Gulf of
Mexico. By 2006, after major advances
in seismic technology and deepwater
drilling techniques, the MMS resource
estimate for that area had ballooned
to 45 billion barrels.
*Figures may not add exactly to total due to rounding.Source: MMS, BLM, and API calculations.
U.S. Crude Oil (Bbl) and Natural Gas (Tcf) Resources(Undiscovered Technically Recoverable Federal Resources)*
116.3 billion barrels is enough oil to powerover 65 million cars for 60 years.
650.6 trillion cubic feet is enough natural gas to heat 60 million homes for 160 years.
Lower 48, Onshore11.7 Bbl145.9 Tcf Atlantic Offshore
3.8 Bbl36.9 Tcf
Gulf Offshore/Deepwater
44.9 Bbl232.5 Tcf
Pacific Offshore
10.5 Bbl
18.2 Tcf
Alaska Onshore18.8 Bbl85.1 Tcf
Alaska Offshore26.6 Bbl132.0 Tcf
8/4/2019 U.S. Crude and Natural Gas Resources
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Page 32Energizing America: Facts for Addressing Energy Policy | July 2011
Source: Minerals Management Service and Department of the Interior.
Offshore Undiscovered Technically Recoverable Federal Oil (Bbl) and Natural Gas (Tcf) Resources
With energy consumption expected to grow in
the coming decades, America needs access
to its untapped domestic resources. These
resources can replace output from maturing fields and strengthen our energy security.
The March 2010 announcement from the
Administration to open areas for offshore oil
and natural gas exploration was a positive
development. However, as a consequence of
the Deepwater Horizon spill, the Administration
ordered a six-month suspension on the
issuance of permits for new deepwater oil
and gas wells, suspended the exploration in
the Chukchi and Beaufort Seas until 2011,
canceled the August lease sale in the western
Gulf of Mexico and the proposed lease saleoff the coast of Virginia, and halted activity
on 33 deep water wells being drilled in
the Gulf of Mexico. In December 2010
the Administration announced additional
policy decisions that rescinded its March
announcement. As a result, the Atlantic and
Eastern Gulf of Mexico OCS areas will not be
considered for leasing until 2017.
Proposals to halt or restrict offshore energy
projects could result in hundreds of thousands
of lost jobs, including many in Gulf states,
billions of dollars of lost government revenueand a sharp decrease in our country’s energy
security.
While this incident is tragic, our nation’s
demand for energy is growing, and we will
need more oil and natural gas in the coming
decades to meet it. Decisions that impact
the industry’s ability to produce the oil and
natural gas this country needs in every secto
of our economy and in every household in
this country will affect the lives of every
citizen, every day.
The U.S. oil and natural gasindustry should be
allowed to do what it doesbest – produce the energyAmerica needs.