USGS Estimate Resources
USGS releases ANWR reevaluation
A new fact sheet from the U.S. Geological Survey provides results of the latest assessment of petroleum resources in the 1002 area of the Arctic National Wildlife Refuge, including new estimates of how much petroleum may be present. The total quantity of technically recoverable oil within the entire assessment area is estimated to be between 5.7 and 16.0 billion barrels (95-percent and 5-percent probability range), with a mean value of 10.3 billion barrels.
ANWR Prospects are Enormous by U.S. Standards
Some recent critics of ANWR development dismiss the resource potential of the 1002 area as an insignificant blip on the supply screen. In fact, according to the recent USGS assessment, the resource prospects of the 1002 area are exceptional, offering the best remaining exploratory target in North America.
- A distorted view of ANWR - Oil & Gas Journal
- Predictable - Anchorage Times editorial
- New estimates show ANWR best oil prospect; 3D seismic more important then ever - AK. Senator Frank Murkowski
