USGS increases Cook Inlet reserves estimates

Offshore staff

RESTON, Virginia – Alaska’s Cook Inlet holds more oil and gas than previously estimated, according to a new study by the US Geological Survey. New information and data led to the increase.

The estimated mean undiscovered but technically recoverable oil and gas, including conventional and unconventional sources is 19 tcf of natural gas, 600 MMbbl of oil, and 46 MMbbl of natural gas liquids.

The biggest jump was in gas estimates that went to 19 tcf from the 2.14 tcf estimated in a 1995 assessment. The totals also include unconventional resources for the first time. Unconventional gas sources include coalbed and tight gas formations. No unconventional oil reservoirs were assessed.

The totals reflect both offshore and onshore state reserves but exclude Federal offshore and areas of limited access.

06/29/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...