Mr. Erik Milito - The House Committee on Natural Resources ...

www.woodmac.com
Access Scenario - Resource Assumptions
• Total resource estimates for all regions were based on the “alternative case” estimates generated by ICF
International for their report “Strengthening our Economy: <strong>The</strong> Untapped U.S. Oil and Gas Resources”, December,
2008
• <strong>The</strong>se alternative resource estimates were based on the history of USGS resource assessments that have
continually increased over time. In particular, for the Eastern Gulf of Mexico and Atlantic OCS, the most recent
(2006) USGS resource estimates were uplifted by a factor of 4.8 for oil and 2.4 for natural gas. In the Pacific case,
both oil and gas were increased by a factor of 2.4
• <strong>The</strong> ANWR resource estimate was taken from the “high case” scenario in the 2005 USGS assessment
• ICF’s Rocky Mountain “alternative case” resource estimate was based on the Department of the Interior’s 2008
assessment of Federal land in the Rockies
• In Wood Mackenzie’s development scenario, only a portion of the overall resource base was assumed to be
commercial. Across the five regions analyzed, 43% of the total resource was expected to be developed and
produced
© Wood Mackenzie 24
Delivering commercial insight