USGS Release: Media Advisory: USGS to Discuss New World Estimate for Conventional Oil and Gas Resources (4/18/2012 2:13:33 PM)

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Media Advisory: USGS to Discuss New World Estimate for Conventional Oil and Gas Resources
Released: 4/18/2012 2:13:33 PM

Contact Information:
U.S. Department of the Interior, U.S. Geological Survey
Office of Communications and Publishing
12201 Sunrise Valley Dr, MS 119
Reston, VA 20192

Kara Capelli

Phone: 571-420-9408

WASHINGTON - Today at 3:15 p.m., the Department of the Interior will hold a press call regarding a new world estimate for undiscovered, conventional oil and gas resources.

The U.S. Geological Survey assessment, released earlier today, estimates that the undiscovered, conventional resources in the world total 565 billion barrels of oil (bbo); 5,606 trillion cubic feet (tcf) of natural gas; and 167 billion barrels of natural gas liquids.

These numbers represent technically recoverable resources, which are those quantities of oil and gas producible using currently available technology and industry practices, regardless of economic or accessibility considerations.

The press briefing can be accessed by dialing 1-888-989-4719 and entering the code SCIENCE.

Who:	Marcia McNutt, USGS Director Brenda Pierce, USGS Energy Resources Program Coordinator Chris Schenk, USGS Research Geologist
What:	Press call on USGS Estimate of Undiscovered Conventional Oil and Gas Resources of the World, 2012
When:	Wednesday, April 18, 2012; 3:15 p.m. Eastern Time
Media:	All credentialed news organizations are invited to participate in the news media teleconference by dialing 1-888-989-4719 and entering the code SCIENCE. News media will have an opportunity to ask questions following the presentation.

Press Conference: USGS World Estimate for Conventional Oil and Gas Resources audio recording.

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