We estimated mean volumes of technically recoverable, conventional, undiscovered petroleum resources at 8 billion barrels of crude oil, 670 trillion cubic feet of natural gas, and 21 billion barrels of natural gas liquids in this area.
We estimated mean volumes of 1 million barrels of undiscovered, technically recoverable conventional oil and 6 billion cubic feet of undiscovered, technically recoverable conventional natural gas in this area using a geology-based assessment methodology.
90 billion barrels of oil, 1,669 trillion cubic feet of natural gas, and 44 billion barrels of natural gas liquids may remain to be found in the Arctic, of which approximately 84 percent is expected to occur in offshore areas.
Methane (natural gas), while frequently developed with petroleum, also occurs in association with coal and accounts for about 7.5 percent of U.S. natural gas production. Links to digital publications on coalbed methane.