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EIA: Proved reserves of US natural gas increased 32% during 2021

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Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

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EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

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In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). billion barrels), and Alaska the third-largest (31%, 0.7 Changes in prices and costs.

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USGS releases first shale-oil and shale-gas resource potential assessment for the Alaska North Slope

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The US Geological Survey has released its first estimate of the potential of undiscovered, technically recoverable onshore shale oil and gas resources in Alaska’s North Slope. Northern Alaska province showing boundaries of assessment units (AU). However, these shales also likely retain oil and gas that did not migrate.

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Way cleared for major Alaska North Slope natural gas pipeline project

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Proposed route for the Alaska Pipeline project. Alaska Governor Sean Parnell announced that two major milestones have been met in the state’s effort to bring Alaska’s North Slope natural gas to Alaskans and markets beyond. The North Slope holds more than 35 trillion cubic feet of discovered natural gas.

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IHS Markit: Alaska North Slope a super basin ready for resurgence; production to grow 40% in 8 years

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Based on recent discoveries, the IHS Markit Plays and Basins: Alaska North Slope (ANS) Basin; Resurgence in an Arrested, Late-emerging Super Basin analysis estimates that the ANS Basin offers 38 billion barrels of oil equivalent (BOE) in remaining recoverable resources (50 trillion cubic feet (TCF) of gas, and 28 billion barrels of oil).

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US DOE seeking accelerated development of unconventional energy resources in Alaska’s Arctic

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Development of unconventional energy resources in Alaska—including heavy oil and methane hydrates—could be accelerated under a Memorandum of Understanding (MOU) signed by the state’s Department of Natural Resources (DNR) and the US Department of Energy (DOE).

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Alaska Pipeline Project partners progressing on massive LNG export project; total cost between $45 to 65+ billion

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Concept of the Alaska Southcentral LNG Project. The partners in the Alaska Pipeline Project (APP)—ExxonMobil, ConocoPhillips, BP, and TransCanada— submitted a letter to Alaska Governor Sean Parnell describing their companies’ progress in advancing an Alaska liquefied natural gas (LNG) export project.

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