Region 4, comprising the northern Rocky Mountains, western Nebraska, and eastern Colorado, covers 483,000 sq mi (1,251,000 sq km), of which 368,000 sq mi (953,120 sq km), or 76 percent, is considered favorable for oil and gas occurrence. A total sedimentary-rock volume of approximately 596,000 cu mi (2,483,500 cu km) has afforded discovery of 23.5 billion bbl of oil in place and 13 trillion cu ft of recoverable gas. It is estimated as of December 31, 1968, that 25.7 billion bbl of oil remains to be discovered in "probable" and "possible" categories, along with 30.3 trillion cu ft of recoverable gas in place. If undiscovered oil in place is added to remaining oil in place as of December 31, 1968, the total reserve is 44.5 billion bbl. Addition of undiscovered recoverable gas in place to remaining recoverable gas as of December 31, 1968, gives 37.2 trillion cu ft. The finding of new oil and gas reserves will be difficult, expensive, and slow. Economic rather than geologic aspects will control rates for the future.
Figures & Tables
The geology of the entire United States, including the continental shelf and slope, was studied by petroleum geologists to determine its petroleum potential. Prospective areas of the 11 regions were assessed qualitatively and, usually, quantitatively.
The prospective basinal area covers approximately 3.2 million sq mi (statute; 8.3 million sq km) and contains approximately 6 million cu mi (25 million cu km) of sedimentary rock above basement or 30,000 ft (9,144 m). Other less prospective areas are, in the aggregate, large.
The prospective area has not been explored adequately. Many high-potential areas are indicated by the geology and extent of exploration, particularly in parts of Alaska, California, Colorado, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Oklahoma, Texas, Utah, and Wyoming, and in parts of the offshore of Alaska, California, Louisiana, and Texas. The prospective Atlantic, Florida, and Alaska continental shelves, and the entire continental slope, barely have been touched by drilling, and other prospective areas and depths on land and the continental shelf remain largely unexplored.
Estimates of potential crude oil reserves of the basinal area only, exclusive of known reserves, range from 227 to 436 billion bbl of original oil in place. The potential probably exceeds the mean of 332 billion bbl. Approximately 32 percent of the oil in place would be recoverable at known rates of recovery. Ultimately, the rate of recovery may reach 60 percent.
Estimates of potential natural gas reserves exclusive of known reserves range from 595 to 1,227 trillion cu ft of recoverable natural gas. The gas potential also probably exceeds the mean of 911 trillion cu ft.
The ultimate petroleum potential of the United States, including known reserves, may exceed 432 billion bbl of crude oil, 1,543 trillion cu ft of natural gas, and 49 billion bbl of natural gas liquids.
Finding and developing the large petroleum potential will require a great amount of drilling because a significant percentage of the visualized undiscovered crude oil and natural gas is in stratigraphic traps, combination stratigraphic and structural traps, reefs, and complex structural situations. Estimates of future domestic demand call for accelerated exploration. To the extent that policies of industry and government militate against accelerated exploration, particularly drilling, a high percentage of the petroleum resources of the United States will not be reduced to possession.