Undeveloped fields in the Outer Continental Shelf alone contain an estimated 86 billion barrels of oil and 420 trillion cubic feet of natural gas.
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Resurrected, Mars went back to producing 130, 000 barrels of oil and 150 million cubic feet of natural gas (the equivalent of another 26, 000 barrels) a day.
In 2008, Switzerland-based Manas Petroleum (MNAP) announced it found an estimated 3 billion barrels of oil and 3 trillion cubic feet of natural gas at depth.
Unocal produces some 20, 000 barrels per day of oil and 1 billion cubic feet per day of natural gas and supplies the gas to generate 75% of the nation's power demand.
In 2005, with its joint venture partners, Chevron produced 296, 000 barrels of oil and 756 million cubic feet of natural gas per day in Kazakhstan and moved output through its jointly owned Caspian Pipeline.
The Department of the Interior figures that the Arctic National Wildlife Refuge and untapped parcels along both coasts and the Gulf of Mexico hold, all told, maybe 34 billion barrels of oil and 72 trillion cubic feet of gas.
Earlier this week, we joined Mexico in an agreement that will make more than 1.5 million acres in the Gulf available for exploration and production, which contains an estimated 172 million barrels of oil and 304 billion cubic feet of natural gas.
So what would it take to replace the amount of energy in a cubic mile of oil?
Crane devised a new measure of energy consumption: a three-dimensional unit he called a cubic mile of oil.
One cubic mile of oil would fill a pool that was a mile long, a mile wide, and a mile deep.
The "cubic mile of oil"--a metric roughly equivalent to the amount of oil consumed worldwide each year--is frequently used to explain the challenge facing solar, wind, geothermal and biomass power.
Climate experts have argued that we ought to stop emitting greenhouse gases within fifty years, but by then the demand for energy could easily be three times what it is today: nine cubic miles of oil.
Oil companies are currently reinjecting 8 billion cubic feet a day 13% of U.S. demand to boost the production of oil in the North Slope of Alaska.
The state of Louisiana said Tuesday that of 343 operational skimmers, only 40 were sent out Monday in search of oil -- and they came back to shore with 100 cubic yards of debris, but not even one gallon of oil.
Over the years it has given up roughly 740 million barrels of oil and 1.4 trillion cubic feet of natural gas.
"Proven reserves of hydrocarbons are estimated at 12.2 billion barrels of crude oil and 4.5 trillion cubic meters of natural gas, " said Abdelhamid Zerguine, head of Sonatrach.
Norton said that even with the reduction in size, the proposed leases will still yield and estimated 185 billion barrels of oil and 1.25 trillion cubic feet of natural gas.
Just this weekend, the Soviet Union offered Romania additional energy resources (390, 000 tons of oil for January and 22 million cubic meters of natural gas daily) to help cushion the latter against the winter's expected hardships, hardships likely to be exacerbated by severe shortages and dislocations following the recent revolution.
The U.S. Geological Survey estimates more than 90 billion barrels of oil and nearly 1, 700 trillion cubic feet of natural gas may be recoverable.
Oil companies are currently reinjecting 8 billion cubic feet a day--13% of U.S. demand--to boost the production of oil in the North Slope of Alaska.
The U.S. Geological Survey estimates more than 90 billion barrels of oil and nearly 1, 700 trillion cubic feet of natural gas may be recoverable by drilling.
The U.S. Geological Survey estimates more than 90 billion barrels of oil and nearly 1, 700 trillion cubic feet of natural gas may be recoverable by drilling in the North Slope area.
Unlike Freeport, which must bring in some of its natural gas and liquid feedstocks by ship and railcar, Ras Tanura's chemical plants will get their daily diet of some 40, 000 barrels of oil-derived naphtha and 70 million cubic feet of natural gas by (very short) pipelines.
In addition to oil reserves, Nigeria holds approximately 185 trillion cubic feet (Tcf) of proven natural gas reserves, making the country the largest natural gas holder in Africa and the seventh largest in the world.
According to a statement this morning, the assets sold are currently generating production volumes of 21, 000 barrels per day of liquids (oil plus NGLs like propane) and 90 million cubic feet per day of natural gas.
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Chesapeake Energy owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Eagle Ford, Granite Wash, Niobrara and various other conventional and unconventional liquids-rich plays across the U.S. The firm has interests in over 44, 100 producing natural gas and oil wells that produce over 2.4 billion cubic feet equivalent per day, 93% of which is natural gas.
Fesharaki cites a 1974 study that determined Iran needed to reinject 9 billion cubic feet of gas a day to maintain oil production above 4 million barrels a day.
Chesapeake owns interests in around 44, 100 producing natural gas and oil wells that are currently producing around 2.4 billion cubic feet equivalent (bcfe), 93% of which is natural gas.
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That is, one barrel of oil is now worth 17 Mcf of natural gas (17, 000 cubic feet of gas)!
Approximately 6, 000 cubic feet of natural gas is considered equivalent to one barrel of oil.
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