Estimates of undiscovered conventional oil and gas resources in the United States: A part of the Nation's energy endowment

Abstract

In 1987, the U.S. Geological Survey and the Minerals Management Service completed a new assessment of the undiscovered conventional resources of crude oil and natural gas in the United States. This assessment responded to a national need for such estimates, considered new geological, technologic, and economic information, and used more definitive methods of resource appraisal than previous assessments. The conventional resources assessed were (1) those considered recoverable under current technology and (2) those that could be developed and produced economically under specified price and cost relationships, excluding exploration costs. This study did not include resources from tar deposits, intractable heavy oil deposits, oil shales, gas in low-permeability (less than 0.1 millidarcy in situ) "tight" reservoirs, coal bed methane, gas in geopressured shales and brines, and natural gas hydrates (clathrates). For this study, the United States was divided into 13 regions (9 onshore and 4 offshore), including the Exclusive Economic Zone (EEZ). The 13 regions were further divided into 115 provinces (appendix A, figs. Al and A2). The resource estimates were based fundamentally upon review and analysis of petroleum geology and the exploration history of oil and gas plays in these provinces. Probability procedures were used in their derivation. Because of the uncertainty in estimating undiscovered resources, the estimated quantities are reported as a range of values that correspond to different probability levels. The undiscovered recoverable conventional resources of oil for the United States, as of January, 1, 1987, are estimated to range from 33 to 70 billion barrels, with a mean estimate of 49 billion barrels: the estimates of gas range from 307 to 507 trillion cubic feet, with a mean estimate of 399 trillion cubic feet (table 1). Range estimates correspond to 95-percent probability (19 in 20 chance) and 5-percent probability (1 in 20 chance) of there being more than those amounts, respectively. Corresponding estimates for natural gas liquids (NGL) range from 6 to 12 billion barrels, with a mean estimate of 9 billion barrels. Further, the assessed undiscovered economically recoverable oil and gas resources for the United States, as of January 1, 1987, are estimated to range from 21 to 54 billion barrels of oil and 208 to 326 trillion cubic feet of gas, corresponding to the 95-percent and 5-percent probabilities of there being more than these amounts, respectively (table 1). The mean value for oil is 35 billion barrels and for gas is 263 trillion cubic feet. Corresponding estimates for NGL range from 5 to 8 billion barrels, with a mean of 6 billion barrels. Distribution of these resources by region is shown in figure 1.