USGS Releases U.S. Oil & Gas Reserve Growth Estimates

[USGS Newsroom <oc_web@xxxxxxxx>]

Title: USGS Newsroom

USGS Releases U.S. Oil & Gas Reserve Growth Estimates

---

USGS Releases U.S. Oil & Gas Reserve Growth Estimates

Posted: 14 Aug 2012 10:34 AM PDT

WASHINGTON – The U.S. Geological Survey (USGS) has released a new estimate for potential additions to domestic oil and gas reserves from reserve growth in discovered, conventional accumulations in the United States. The USGS estimates that the mean potential undiscovered, conventional reserve additions for the United States total 32 billion barrels (bb) of oil, 291 trillion cubic feet (tcf) of natural gas, and 10 bb of natural gas liquids, constituting about 10 percent of the overall U.S. oil and gas endowment.