U.S. says there are significant undiscovered oil and gas resources in Wyoming
A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said on Wednesday.
The resources identified by the U.S. Geological Survey in what is known as the Mowry Composite Total Petroleum System could bolster domestic energy supplies, aligning with the Trump administration's agenda to boost drilling and mining on public lands. The Mowry Composite TPS covers most of southwestern Wyoming and small portions of Utah and Colorado.
"This new USGS assessment underscores the role of American energy resources in strengthening our energy independence and driving economic development across the West," Interior Secretary Doug Burgum said in a statement.
The push for increased drilling and mining on public lands is part of President Donald Trump's broader strategy to reduce regulatory barriers to domestic fossil fuel and metals production.
The assessment estimates the presence of 473 MMbbl of oil and 27 Tft3 of natural gas. The Mowry Composite system has produced approximately 7.3 Tft3 of natural gas and 90 MMbbl of oil since exploration began in the 1950s.
The results of the assessment can help inform future land use and resource management plans by the Bureau of Land Management, which oversees energy development on federal lands.
Related News
Related News
- U.S. ethane exports to China hit new roadblock with license requirement
- Australia clears Woodside to run North West Shelf LNG plant to 2070
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
- Siemens and TURN2X join forces to scale up green energy production
Comments