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Media Advisory: USGS to Discuss New World Estimate for Conventional Oil and Gas Resources

Media Advisory: USGS to Discuss New World Estimate for Conventional Oil and Gas Resources

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.

USGS Newsroom

More information

Parameter Value Description
Magnitude mb The magnitude for the event.
Longitude ° East Decimal degrees longitude. Negative values for western longitudes.
Latitude ° North Decimal degrees latitude. Negative values for southern latitudes.
Depth km Depth of the event in kilometers.
Place Textual description of named geographic region near to the event. This may be a city name, or a Flinn-Engdahl Region name.
Time 1970-01-01 00:00:00 Time when the event occurred. UTC/GMT
Updated 1970-01-01 00:00:00 Time when the event was most recently updated. UTC/GMT
Timezone offset Timezone offset from UTC in minutes at the event epicenter.
Felt The total number of felt reports
CDI The maximum reported intensity for the event.
MMI The maximum estimated instrumental intensity for the event.
Alert Level The alert level from the PAGER earthquake impact scale. Green, Yellow, Orange or Red.
Review Status Indicates whether the event has been reviewed by a human.
Tsunami This flag is set to "1" for large events in oceanic regions and "0" otherwise. The existence or value of this flag does not indicate if a tsunami actually did or will exist.
SIG A number describing how significant the event is. Larger numbers indicate a more significant event.
Network The ID of a data contributor. Identifies the network considered to be the preferred source of information for this event.
Sources A comma-separated list of network contributors.
Number of Stations Used The total number of Number of seismic stations which reported P- and S-arrival times for this earthquake.
Horizontal Distance Horizontal distance from the epicenter to the nearest station (in degrees).
Root Mean Square sec The root-mean-square (RMS) travel time residual, in sec, using all weights.
Azimuthal Gap The largest azimuthal gap between azimuthally adjacent stations (in degrees).
Magnitude Type The method or algorithm used to calculate the preferred magnitude for the event.
Event Type Type of seismic event.
Event ID Id of event.
Event Code An identifying code assigned by, and unique from, the corresponding source for the event.
Event IDS A comma-separated list of event ids that are associated to an event.

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