| Abstract: | An assessment of the undiscovered oil and gas resources in the federal offshore areas of Washington, Oregon, and California performed by the Minerals Management Service (MMS) using data available as of January 1, 1995 estimates that 10.7 billion barrels (Bbbl) of undiscovered oil and 18.9 trillion cubic feet (Tcf) of undiscovered gas are recoverable with conventional techniques. Approximately one half of these resources (5.3 Bbbl of oil and 8.3 Tcf of gas) may be recovered profitably under economic conditions as of the assessment. Estimates of undiscov ered oil and gas resources from this assessment are larger than estimates from previous MMS assessments because of the use of different methods and additional data. |
