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AAPG Bulletin

Abstract


Volume: 63 (1979)

Issue: 7. (July)

First Page: 1148

Last Page: 1148

Title: Resource Appraisal Predictions and Exploration Performance--Case Studies for Onshore United States: ERRATUM

Author(s): Richard B. Powers

Abstract:

AAPG Bulletin, March 1979, v. 63, no. 3, p. 511. Corrected abstract by Richard B. Powers.

POWERS, RICHARD B., U.S. Geol. Survey, Denver, Colo.

Resource Appraisal Predictions and Exploration Performance--Case Studies for Onshore United States

Geologic estimates of undiscovered recoverable oil and gas resources in the United States were published in U.S. Geological Survey Circular 725 in mid-1975, based on data through 1974. In the 1975 study, 47 onshore provinces, included within 11 regions, were evaluated. Three of these geologic provinces, (1) West Texas-Eastern New Mexico, (2) North Slope, Alaska, and (3) the Overthrust belt of Idaho-Utah-Wyoming, were selected as case studies to show the relation between the 1975 resource assessments and subsequent exploration results.

U.S. Geological Survey resource estimates for the maturely explored West Texas-Eastern New Mexico province range from 4 to 14.4 billion bbl of oil and 35 to 100 Tcf of gas, based on the 95% and 5% probability percentiles. Exploration wildcat drilling from 1975 through 1977 resulted in more than 417 oil and gas discoveries, mainly of small field size. Exploration results in this province, based on finding-rates and the amounts of oil and gas discovered, do not appear to have met the resource predictions.

Resource estimates for the immaturely drilled North Slope province range from 5 to 16 bbl of oil and 14 to 49 Tcf of gas. About 30 wildcats were drilled from 1975 through 1977, resulting in 3 successful oil or gas wells. Two oil discoveries appear to be in the >50 million-bbl field-size ("A" class). Resource predictions appear to have been met or exceeded for the North Slope, based on this recent exploration performance.

Estimates of resources for the Overthrust belt, the most recently successful of the three provinces, range from 0 to 0.2 bbl of oil and 0 to 1.1 Tcf of gas. Thirteen gas and oil fields were discovered out of 64 total wildcats drilled from 1975 through 1978; at least five of which are estimated to be of "A" field-size class or greater. Exploratory performance to date has exceeded the earlier resource estimates in the Overthrust belt.

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