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January 1, 2006
Animal ID & Traceability
Association (ALFA).
2004. “ALFA Survey: Feedlot Numbers
Remain …
July 8, 2016
Commodity Program Papers
and announces the national survey
price monthly. For long …
February 23, 2016
Land Rental
Rates
rental rates estimated by
surveys lagged the market and did …
February 12, 2016
Land Rental
Rates
rental rates estimated by surveys lagged the market and did …
July 29, 2004
Management
values by doing informal
surveys of competitors and keeping …
November 23, 2009
Energy
ons in market prices for oil, as higher prices make it more feasible to
profitably bring higher cost oil supply sources into production. Therefore, as oil prices rise the
proportion of oil supplies qualifying as “economically recoverable” increases, and vice verse.
“Undiscovered resources” are the projected quantities of oil and natural gas that are estimated
to exist in as yet unexplored areas” (page 4, CRS #R40872). The U.S. Geological Survey (USGS)
estimates undiscovered fossil fuel resources on land, while the U.S. Minerals Management
Service (MMS) estimates them off shore. The USGS delineates between “conventional” and
“unconventional” oil supplies whereas the MMS does not. “Conventional” oil and natural gas
supplies are typically more easily recoverable. These conventional supplies usually are
accessible using long‐established common oil drilling methods. “Unconventional” oil and
natural gas supplies can only be recovered using sometimes difficult and/or expensive
extraction processes (beyond traditional lower cost oil drilling and extraction methods). The
USGS and MMS estimates of fossil fuel supplies are based on observations of geological
characteristics in similar oil and natural gas producing areas as well as other factors. The
acronym “UTRR” is used here to refer to “undiscovered technically recoverable resources”.
Undiscovered (i.e., “UTRR”) “on‐land” oil supplies were projected to be 47 bb, of which 41 bb
are available via conventional extraction methods, and 6 from unconventional methods. The
MMS does not delineate between conventional and unconventional in defining off‐shore
supplies. An estimate of 86 bb of undiscovered or UTRR oil was projected to be located off‐
shore in the coastal waters of the United States.
A closer examination of the off‐shore UTRR oil reserves shows that 45 bb are projected to be
available in the Gulf of Mexico, 27 bb near Alaska, 11 bb off of the Pacific Coast, and 4 bb off of
the Atlantic coast (Figure 2).
Proved Reserves,
21
On Land
Conventional
UTRR, 41
On Land
Unconventional
UTRR, 6
Off Shore UTRR,
86
Figure 1. U.S. Oil Reserves
Total: 167 Billion Barrels in 2007 (CRS, 10/28/09)
Billion
Barrels
of …
August 17, 2012
Breakout Sessions
l S Kansas Geological Survey
http://www.kgs.ku.edu
Who Are You Dealing With?
…
April 5, 2023
Recent Videos
KS Ag Stats Service• Annual survey series• Dropped CRD‐level estimates in 2013• …