Undeveloped Domestic Oil Resources Provide Foundation For Increasing U.S. Oil Supply
An analysis by Advanced Resources International, Arlington, VA, for the U.S. Department of Energy’s Office of Fossil Energy
The report, Undeveloped Domestic Oil Resources: The Foundation for Increasing Oil Production and a Viable Domestic Oil Industry, provides an estimate of total undeveloped and future technically recoverable domestic oil resources in the United States. Undeveloped domestic oil resources still in the ground total more than one trillion barrels. The resource includes undiscovered oil, "stranded" light oil amenable to CO2-EOR technologies, unconventional oil (deep heavy oil and tar sands) and new petroleum concepts (residual oil in reservoir transition zones).
This assessment originally examined the resource potential for applying state-of-the-art CO2-EOR technologies in only six basins/areas of the United States. It did not include the additional resource potential outlined in the ten basin-oriented assessments, or the recoverable resources from residual oil zones, as discussed in related reports issued by DOE in February 2006. Accounting for these, the future recovery potential from domestic undeveloped oil resources by applying EOR technology is 240 billion barrels, boosting potentially recoverable resources to 430
billion barrels.
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