IOGCC report estimates North America’s inaccessible resources

A report from the Interstate Oil & Gas Compact Commission’s North American Coastal Alliance (NACA) spotlights the untapped potential of areas in North America currently off-limits to oil and gas production.“North American offshore moratorium areas are estimated to contain nearly 135 tcf of natural gas and 30 billion bbl of crude oil,” according to the report. In 2004, the US produced about 24 tcf of gas and used nearly 22.5 tcf-mainly for heating, electric power generation, and manufacturing.NACA’s report, “Untapped Potential: Offshore Oil and Gas Resources Inaccessible to Leasing,” is the “first complete compilation” of data on resource...

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