EXPLORATION U.S. resource estimates give insights to key oil, gas plays

U.S. CONVENTIONAL RESOURCES-1 John D. Grace Earth Science Associates Arlington, Tex. Federal U.S. oil and gas resource data provide an abundance of detail for characterizing the exploration and production potential of over 500 oil and gas plays. Analysis of the data and results provides insights into future U.S. hydrocarbon supply as well the risk and return to investment in domestic exploration. Periodically over the last 25 years, the U.S. Department of Interior has described and analyzed remaining U.S. oil and gas resources. Its most recent estimates of undiscovered, conventional, technically recoverable hydrocarbons indicated 83 billion bbl of liquids (cr...

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