Latest news with #SarahRyker
Yahoo
23-05-2025
- Business
- Yahoo
US Geological Survey identifies significant oil and gas potential in Wyoming
The US Department of the Interior (DOI) has released a new assessment by the US Geological Survey (USGS) highlighting significant undiscovered, technically recoverable oil and gas resources in the Mowry Composite Total Petroleum System in south-western Wyoming. The findings estimate around 473 million barrels (mbbl) of oil and 27 trillion cubic feet (tcf) of natural gas, with resources extending into Colorado and Utah. Since the 1950s, the Mowry Composite system, which includes the Dakota Sandstone, Muddy Sandstone, Mowry Shale and Frontier Formation, has yielded approximately 7.3tcf of natural gas and 90mbbl of oil. The current assessment builds on previous studies including a 2005 evaluation, and does not account for additional oil and gas from other formations such as the Lance Formation, Lewis Shale and Mesa Verde Group. Secretary of the Interior Doug Burgum said: 'This new USGS assessment underscores the role of American energy resources in strengthening our energy independence and driving economic development across the West. 'Public lands in south-western Wyoming hold significant potential, and this science-based evaluation provides critical data to help inform responsible resource management. We Map, Baby, Map to provide updated estimates of recoverable oil and gas and equip decision-makers, communities and industry with the knowledge they need to support job creation, domestic energy production and long-term economic growth.' The USGS began oil and gas assessments 50 years ago following an oil embargo that underscored the importance of understanding undiscovered resources. These assessments are designed to provide actionable insights for US leaders, federal agencies, industry and the public. They inform policymakers about resource potential and guide land-use and resource management plans for agencies such as the Bureau of Land Management. Acting USGS Director Sarah Ryker said: 'USGS energy assessments typically focus on undiscovered resources – areas where science tells us there may be a resource that industry hasn't discovered yet. 'In this case, our assessment found substantial undiscovered, technically recoverable oil and gas resources.' For the private sector, the USGS assessments offer a framework for detailed exploration planning. The range of assessments has evolved with advancements in technology, including unconventional, technically recoverable resources, since 1995. In addition to the onshore assessment, the DOI is revising the Bureau of Ocean Energy Management's 2024 Risk Management and Financial Assurance for Outer Continental Shelf Lease and Grant Obligations Rule. This revision aims to reduce costs and regulatory burdens for Gulf of Mexico oil and gas producers, while safeguarding US taxpayers from decommissioning liabilities. "US Geological Survey identifies significant oil and gas potential in Wyoming" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-04-2025
- Business
- Yahoo
Los Angeles Basin has little untapped oil left: USGS
Only minimal amounts of untapped oil and gas resources remain in the historic Los Angeles fossil fuel production basin, according to the U.S. Geological Survey (USGS). New estimates released by USGS on Wednesday indicate that just 61 million barrels of oil are technically recoverable in this region — equivalent to just 0.68 percent of the mammoth quantities already extracted. As a basis of comparison, since exploration began in the area in the 1880s, 9 billion barrels of oil have been produced or discovered in the basin. That total is about the same as the quantity of oil that the U.S. currently uses in 14 months, according to the agency. 'Almost 150 years since exploration began, the Los Angeles Basin has little remaining undiscovered oil,' Sarah Ryker, acting director of the USGS, said in a statement. Regarding natural gas availability, the USGS assessments indicated that about 240 billion cubic feet of this resource remain available. Historic data from the U.S. Energy Information Administration showed that about 504 billion cubic feet of onshore dry natural gas have been produced from the basin since the late 1970s. The Los Angeles Basin includes the coastal plain and waters of Los Angeles: extending north to the Santa Monica Mountains, east to the Angeles National Forest and the foothills of the Sierra Nevada Mountains and east and south into much of Orange County. The USGS assessments first began about 50 years ago, after an oil embargo against the U.S., which led the government to require the agency to assess the country's untapped resources with geologic data. These evaluations, Ryker explained, usually 'focus on undiscovered resources – areas where science tells us there may be a resource that industry hasn't discovered yet.' The USGS is continuing to identify new such resources both in the domestic arena and in global hotspots that could affect market conditions. Having such information available, the agency added, is critical to providing 'actionable insight to U.S. leaders, other federal agencies, industry and the public.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
09-04-2025
- Business
- The Hill
Los Angeles Basin has little untapped oil left: USGS
Only minimal amounts of untapped oil and gas resources remain in the historic Los Angeles fossil fuel production basin, according to the U.S. Geological Survey (USGS). New estimates released by USGS on Wednesday indicate that just 61 million barrels of oil are technically recoverable in this region — equivalent to just 0.68 percent of the mammoth quantities already extracted. As a basis of comparison, since exploration began in the area in the 1880s, 9 billion barrels of oil have been produced or discovered in the basin. That total is about the same as the quantity of oil that the U.S. currently uses in 14 months, according to the agency. 'Almost 150 years since exploration began, the Los Angeles Basin has little remaining undiscovered oil,' Sarah Ryker, acting director of the USGS, said in a statement. Regarding natural gas availability, the USGS assessments indicated that about 240 billion cubic feet of this resource remain available. Historic data from the U.S. Energy Information Administration showed that about 504 billion cubic feet of onshore dry natural gas have been produced from the basin since the late 1970s. The Los Angeles Basin includes the coastal plain and waters of Los Angeles: extending north to the Santa Monica Mountains, east to the Angeles National Forest and the foothills of the Sierra Nevada Mountains and east and south into much of Orange County. The USGS assessments first began about 50 years ago, after an oil embargo against the U.S., which led the government to require the agency to assess the country's untapped resources with geologic data. These evaluations, Ryker explained, usually 'focus on undiscovered resources – areas where science tells us there may be a resource that industry hasn't discovered yet.' The USGS is continuing to identify new such resources both in the domestic arena and in global hotspots that could affect market conditions. Having such information available, the agency added, is critical to providing 'actionable insight to U.S. leaders, other federal agencies, industry and the public.'
Yahoo
10-02-2025
- Science
- Yahoo
New Map Begins To Track Potential For Alternative Underground Energy Source
A new map by researchers with the U.S. Geological Survey can now show the prospective locations of naturally-occurring geologic hydrogen resources in the lower 48 states. So what does that mean? Experts say this type of gas has the potential to become a new, low-carbon energy source and they are trying to harness the power of hydrogen. 'For decades, the conventional wisdom was that naturally occurring hydrogen did not accumulate in sufficient quantities to be used for energy purposes,' Sarah Ryker, USGS associate director for energy and minerals, said in a news release. 'This map is tantalizing because it shows that several parts of the U.S. could have a subsurface hydrogen resource after all.' The blue portions of this map indicate there could be large amounts of this 'gold' or 'white' hydrogen across the midsection of the country, including potential in Kansas, Iowa, Minnesota, Michigan, Arizona, Colorado, New Mexico and Utah, and in parts of California and the Eastern seaboard. It's still rare to find high concentrations of this type of hydrogen underground, so this map is the first of its kind to point out potential locations for exploration. In a recent study, USGS geologists Geoff Ellis and Sarah Gelman estimated a large potential for the amount of hydrogen accumulations, but there was still uncertainty about how or where it's distributed. 'We showed there is a significant potential for geologic hydrogen as an emerging energy resource,' Sarah Gelman, geologist with the USGS Central Energy Resources Science Center, said in a news release. "The next logical step was to find where it might be in the United States – and for that, we had to develop a methodology, which we applied first to the lower 48 states.' Researchers say burning hydrogen produces only water as a byproduct, as opposed to carbon dioxide, which comes from burning fossil fuels. Hurricanes Actually Help Endangered Butterfly Venomous Caterpillars Are Spreading These Polar Bears Are In Crisis
