Geologist argues for renewed, deeper look at US Gulf Coast
Over 10 bbo (billion barrels of oil) and about 130 Tcf of gas have been reported as proved reserves discovered in the offshore U.S. continental shelf (OCS or outer continental shelf) along the northern Gulf Coast. Of these reserves, only 2.5 bbo and 36,146 Bcf of gas remain, which seem small in comparison to a U.S. consumption rate of over 5 bbo/yr. Reserves, new additions and production levels in the Gulf Coast region have fallen for the last decade and more. Rig and crew boat counts are down, employment is down, and it is difficult for most to remain optimistic. This paper reports that there is good reason for optimism---A major new exploration play for oil and gas exists on the Texas/Louisiana shelf. Modern geological, geophysical (mainly seismic) and geochemical data, when combined, offer a sound base for a major renewed exploration campaign.
- OSTI ID:
- 7151823
- Journal Information:
- World Oil; (United States), Vol. 213:9; ISSN 0043-8790
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
03 NATURAL GAS
OIL FIELDS
GEOCHEMICAL SURVEYS
GEOPHYSICAL SURVEYS
US GULF COAST
RESOURCE POTENTIAL
NATURAL GAS
OFFSHORE OPERATIONS
PETROLEUM
DEVELOPED COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
MINERAL RESOURCES
NORTH AMERICA
PETROLEUM DEPOSITS
RESOURCES
SURVEYS
USA
020200* - Petroleum- Reserves
Geology
& Exploration
023000 - Petroleum- Properties & Composition
030200 - Natural Gas- Reserves
Geology
& Exploration