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Geological Survey assesses shale oil potential for Alaska

Anchorage Daily News online -- By DAN JOLING
Associated Press

Published: February 24th, 2012 11:50 PM
Last Modified: February 24th, 2012 11:50 PM

A federal agency estimates Alaska's North Slope holds up to 2 billion barrels of oil and 80 trillion cubic feet of natural gas in a resource that has never been tapped in the state -- shale.

The U.S. Geological Survey on Friday released its first estimate of technically recoverable North Slope shale oil and gas in part because of success companies are having extracting it elsewhere. The formations, which feed the vast Prudhoe Bay and Kuparuk oil fields, rank No. 2 for shale oil potential in the U.S. behind the Bakken Formation in the Williston Basin in North Dakota and Montana.

"The North Slope estimate that we released today shows that Alaska's resources hold great


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Submitted Feb 25, 2012 By: Nitewolf
Category: Daily News Article Discussions > Topics Add to favorite topics  
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remay
Champion Author Houston

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Message Posted: Feb 26, 2012 11:55:13 AM

Already posted, and... the "daily news" ALSO chose NOT to print the downside/negative portion of the estimate...

"...The estimates range from 0 up to 2 billion barrels of oil and from 0 up to 80 trillion cubic feet of gas..."

http://www.rigzone.com/news/article.asp?a_id=115504

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335d1
Champion Author Virginia

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Message Posted: Feb 26, 2012 10:40:59 AM

Boom times for Alaska.
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dsaine
Champion Author North Carolina

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Message Posted: Feb 26, 2012 6:20:04 AM

Congrats
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lesndave
Champion Author Texas

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Message Posted: Feb 26, 2012 12:00:08 AM

Wow
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Meowmy
Champion Author Florida

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Message Posted: Feb 25, 2012 8:52:17 PM

Switch to algae-based bio-fuels instead.
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vmholladay
Champion Author Reading

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Message Posted: Feb 25, 2012 5:35:31 PM

Those whack-job environmentalists won't stand for it
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SavingInNC
Champion Author North Carolina

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Message Posted: Feb 25, 2012 4:22:06 PM

Let them drill
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kag2010
Champion Author Winnipeg

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Message Posted: Feb 25, 2012 4:15:23 PM

Wow!
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doggod
Champion Author Anchorage

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Message Posted: Feb 25, 2012 4:01:38 PM

And the nice thing about North Slope shale is it doesn't require a new pipeline and it doesn't have people yelling about polluting ground water.

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StArrow68
Champion Author Oakland

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Message Posted: Feb 25, 2012 3:49:12 PM

Interesting but at what price does development make sense? We sure hope it isn't at over $100/bl like we have now.
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Feb 25, 2012 3:41:11 PM

good news.
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carnifolks
Veteran Author New Jersey

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Message Posted: Feb 25, 2012 3:40:17 PM

Crack en up boys
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drpepperTX
Champion Author Texas

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Message Posted: Feb 25, 2012 3:01:49 PM

From the article "The North Slope now ranks No. 4 on the U.S. list of shale gas systems, he said, but there is no market for the gas because there is no pipeline to deliver it.

--------

Well, build one!
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Chem60
Champion Author Tallahassee

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Message Posted: Feb 25, 2012 2:47:49 PM

Fracking Alaska!
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djwhit
Champion Author Ohio

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Message Posted: Feb 25, 2012 2:20:28 PM

THATS GREAT........
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jrs4125
Champion Author Indiana

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Message Posted: Feb 25, 2012 1:45:49 PM

Newt says he'll give the US 2.50 a gallon gas. Lets all vote for Newt.
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AlgaeNOW
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Message Posted: Feb 25, 2012 1:44:52 PM

Wow! Algae NOW
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