1992 Estimate of Undiscovered Conventional Oil Resources in the Mid-Continent

Abstract

In conjunction with a Department of Energy (DOE) sponsored review of recent oil resource estimates, seven AAPG members met in Tulsa, Oklahoma, in August 1992, to evaluate mid-continent undiscovered recoverable conventional oil resources. As a result of this investigation, a major upward revision was made to a 1989 study by the United States Department of the Interior. Mean estimates of undiscovered recoverable conventional oil in the mid-continent are 3.2 billion bbl of oil (no economic parameters) and 2.72 billion bbl of oil ($20.00/bbl, 1992 dollars), 69% and 56% higher, respectively, than the previous study. The mid-continent was subdivided into basin/uplift/shelf areas for this study, and resources assigned to each.