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Monday, May 18, 2020 | History

2 edition of Estimates of federal ownership of undiscovered oil and gas resources by province found in the catalog.

Estimates of federal ownership of undiscovered oil and gas resources by province

Estimates of federal ownership of undiscovered oil and gas resources by province

statistical background data for U. S. Geological Survey circular 860

  • 7 Want to read
  • 31 Currently reading

Published by The Survey in [Reston, Va.?] .
Written in

    Subjects:
  • Petroleum -- United States,
  • Public lands -- United States

  • Edition Notes

    Statementcompiled by Katharine L. Varnes, Gordon L. Dolton ; United States Department of the Interior, Geological Survey
    SeriesOpen-file report -- 82-666B, Open-file report (Geological Survey (U.S.)) -- 82-666 B
    ContributionsVarnes, Katharine L, Dolton, G. L, Geological Survey (U.S.)
    The Physical Object
    FormatMicroform
    Pagination1 v.
    ID Numbers
    Open LibraryOL14222527M

    The Bakken formation has produced oil since , when the #1 Woodrow Starr was completed in North Dakota by Stanolind Oil and Gas. Southwest pinch-out. A major advance in extracting oil from the Bakken came in , when geologist Dick Findley realized that the dolomitic Middle member of the Bakken Formation was a better exploration target than the upper or lower es: Wabamun Formation, Big Valley . Undiscovered Oil and Gas Resources: The National Academies Press. doi: / Some members of the petroleum industry charged that the estimates were too low. This book evaluates the scientific credibility of the statistical and geological methods underlying the estimates. Contents.

    When the DOI released its resource estimates, some members of the natural gas industry questioned the results. Although the DOI's estimates of undiscovered oil and gas volumes were in the same range as estimates prepared by some industry analysts, they were substantially lower than other industry analysts had expected. Offshore oil and gas in the United States provides a large portion of the nation’s oil and gas supply. Large oil and gas reservoirs are found under the sea offshore from Louisiana, Texas, California, and nmental concerns have prevented or restricted offshore drilling in some areas, and the issue has been hotly debated at the local and national levels.

    U.S. and European oil companies have long fantasized about tapping the Arctic's abundant reserves; the U.S. Geological Survey estimates they make up to 13 percent of the world's undiscovered oil Author: Bob Reiss. technically recoverable oil and gas resources are located in the Arctic, including 13% of the world´s undiscovered oil. 1 More than three-quarters of these resources are to be found offshore in the territories of the five littoral states of the Arctic Sea – namely, the US, Canada, Russia.


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Estimates of federal ownership of undiscovered oil and gas resources by province Download PDF EPUB FB2

Estimates of Undiscovered Recoverable Conventional Resources of Oil and Gas E. Estimated Federal ownership of oil and gas resources. 80 F. Estimation of inferred plus indicated reserves for the recoverable oil and gas resources were made for each province.

Each evaluation involved theCited by: Get this from a library. Estimates of federal ownership of undiscovered oil and gas resources by province: statistical background data for U.S. Geological Survey circular [Katharine L Varnes; G L Dolton; Geological Survey (U.S.);].

This data release contains the boundaries of assessment units and input data for the assessment of undiscovered gas resources in the Middle Devonian Marcellus Shale of the Appalachian Basin Province, The Assessment Unit is the fundamental unit used in the National Assessment Project for the assessment of undiscovered oil and gas resources.

The estimated mean total resources of oil and gas in undiscovered conventional fields in the Ventura Basin Conventional Oil and Gas AU are MMBO and BCFG with F95–F5 Author: Marilyn E.

Tennyson, Christopher J. Schenk, Janet K. Pitman, Paul G. Lillis, Timothy R. Klett, Micha. For the Northern West Siberian Mesozoic Composite TPS, the total mean estimates for undiscovered conventional.

oil and gas resources (table 1) are billion barrels of oil (BBO), trillion cubic feet of gas (TCFG), and billion barrels of natural gas liquids (BBNGL).Author: Christopher J. Schenk. Year Published: Assessment of continuous oil and gas resources in Lower Silurian Shales of the Arabian Peninsula, Using a geology-based assessment methodology, the U.S.

Geological Survey estimated undiscovered, technically recoverable mean resources of billion barrels of oil and trillion cubic feet of gas in the Lower Silurian Shale Total Petroleum System of the Arabian.

estimate volumes of gas to be discovered in undrilled areas. Geologic framework factors, considered in the estimation of undiscovered hydrocarbon resources of the Pottsville Coal TPS and the Black Warrior Basin AU, are shown in the petroleum system events chart in figure 2.

Figure Size: 6MB. Oil and Gas Handbook Manual Transmittal. Decem Purpose (1) This transmits revised IRMOil and Gas Industry, Oil and Gas Handbook. Material Changes (1) Updated Oil and Gas Industry Overview, IRM including a description of the oil and gas well drilling industry and international issues.

As ofoil and gas exports accounted for more than 98% of export earnings and about 83% of federal government revenue, as well as generating more than 14% of its GDP. It also provides 95% of foreign exchange earnings, and about 65% of government budgetary revenues. Nigeria's proven oil reserves are estimated by the United States Energy Information Administration (EIA) at between 16.

Assessment of Undiscovered Oil and Gas Resources of the West African Coastal Province, West Africa By Michael E. Brownfield unconformity, (3) stratigraphic traps related to deep-water fans, turbidite units, slope truncations along the present-day shelf and File Size: 9MB.

The U.S. Geological Survey completed the following assessments of undiscovered oil and gas resources of the Palo Duro Basin Province in Texas, New Mexico, and Oklahoma: Assessment (DDS). Comparative Analysis Of The Federal Oil And Gas Fiscal Systems: Gulf Of Mexico International Comparison The Department of the Interior remains committed to ensuring that the public receives a fair market value for the use of Outer Continental Shelf conventional energy resources.

The USGS estimates that the mean potential undiscovered, conventional reserve additions for the United States total 32 billion barrels (bb) of oil, trillion cubic feet (tcf) of natural gas, and 10 bb of natural gas liquids, constituting about 10 percent.

The Sud Province located in north-central Africa recently was assessed for undiscovered, technically recoverable oil, natural gas, and natural gas liquids resources as part of the U.S.

Geological Survey's (USGS) World Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean volumes of billion barrels of oil, trillion cubic feet of natural gas. Using a geology-based assessment methodology, the U.S.

Geological Survey estimated undiscovered, technically recoverable mean resources of million barrels of oil and 7 trillion cubic feet of gas in the Grand Erg/Ahnet Province of : Christopher J.

Schenk, Tracey J. Mercier, Marilyn E. Tennyson, Thomas M. Finn, Phuong A. Le, Janet K. Subj: Oil and Gas Resources Project 1 (Tab G) Enclosed are an issue paper on royalty free production of oil and gas and a revised draft of an Exposure Draft (ED) entitled Accounting for Federal Oil and Gas Resources.

The objectives for the May Board meeting are to: 1. Review the issue paper on royalty free production of oil and gas.

Size: KB. (The USGS/MMS assessment gives two estimates of undiscovered oil and gas reserves: one that includes resources recoverable with conventional technology and one that includes only the recoverable resources that yield an 8 percent real profit.).

Undiscovered oil and gas resources underlying the U.S. portions of the Great Lakes, The U.S. Geological Survey (USGS) completed an assessment of the undiscovered oil and gas potential of the U.S. portions of the Appalachian Basin and the Michigan Basin in andrespectively.

Additionally, according to USGS estimates, “undiscovered oil and gas resources of the Nile Delta Basin Province (bounded by the Nile Cone to the west, by Strabo to the north, by the Pytheus and. Unconventional oil and gas resources, such as shale gas, tight oil, tight gas, coalbed gas, heavy oil, oil sands, may be significant around the world, but are not included in these numbers.

USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world.

Using a geology-based assessment methodology, the U.S. Geological Survey estimated means of billion barrels of conventional oil and 5, trillion cubic feet of undiscovered conventional natural gas in priority geologic provinces of the world, exclusive of the United States.federal government also owns oil and gas resources that are not currently under lease.

17 Gulf ofMexico proved reservesare royaltybearing volumes. In the Gulf Mexico, an additional millionBbl for fiscal year and Bbl for fiscal year of proved oil reserves, and 1, million Mcf for fiscal year and 1, million Mcf.Oil and gas taxation in the United States Deloitte Taxation and Investment Guides1 Summary The principal U.S.

taxes and rates applicable to companies in the oil and gas extraction business are: • Federal Income Tax 35% (top rate) • Federal Alternative Minimum tax (AMT) 20% • Federal Withholding Tax * o Dividends 30% o Interest 30%.