Home > blog > Page
Developing Right Now: America has even MORE energy reserves than expected
Posted by Mallory Micetich on May 01, 2013

Yesterday, the United States Geological Survey (USGS) released its updated assessment of America’s oil and natural gas resources in the Bakken and Three Forks formations. The new assessment shows that the United States has double the amount of oil and triple the amount of natural gas than previously thought. The new information comes from a survey of data on two shale formations that run under the states of North Dakota, South Dakota and Montana.

The formations contain an estimated 7.4 billion barrels (BBO) of undiscovered, technically recoverable oil and an estimated 6.7 trillion cubic feet of undiscovered, technically recoverable natural gas.

The announcement that the United States has even more natural energy reserves than previously thought comes as no surprise to the Members of the Natural Resources Committee. This assessment confirms what the Committee has long advocated – increasing energy exploration and development in the United States will lead to the discovery of new natural energy resources.

Right now, energy production is up in the U.S., but only on state and private lands that aren’t controlled by the Obama Administration. On federal lands that President Obama and his Administration oversee, energy production is down.  Increased energy production will create jobs, lower energy prices, and make the U.S. more energy secure.

For more information on what the Natural Resources Committee is doing to encourage an “All of the Above Approach” click here

    Post a Comment
    Fill out the fields below to submit a comment

    Latest News

    Members and Zinke Discuss a Better Path Forward for the Department of the Interior

    Today, the Committee on Natural Resources held an oversight hearing with Department of the Interior (DOI) Secretary Ryan Zinke to examine the Trump Administration’s budget proposal for Fiscal Year 201...... Read more

    Bishop: Grizzly Delisting Process Emblematic of Need for ESA Reform

    Today, the U.S. Fish and Wildlife Service (FWS) announced grizzly bears in the Greater Yellowstone Ecosystem will be delisted from the endangered species list. Chairman Rob Bishop (R-UT) issued the fo...... Read more

    House Passes "One Stop-Shop" Permitting Bill to Expand Water Storage Infrastructure

    Today, the House passed H.R. 1654, the “Water Supply Permitting Coordination Act,” by a bipartisan vote of 233-180. Introduced by Rep. Tom McClintock (R-CA), the bill creates a “one-stop-shop” permitt...... Read more

    View All News

    Calendar

    Full Committee Markup
    Full Committee | 1324 Longworth House Office Building, Washington, D.C. 20515
    Oversight Hearing “Examining Policy Impacts of Excessive Litigation Against the Department of the Interior”
    Subcommittee on Oversight and Investigations | 1324 Longworth House Office Building Washington, D.C. 20515
    Oversight Hearing on "Examining Access to Oil and Gas Development on Federal Lands"
    Subcommittee on Energy and Mineral Resources | 1324 Longworth House Office Building Washington D.C. 20515
    View All Events