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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

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remay Champion Author Houston Posts:6,948 Points:2,113,615 Joined:May 2006	Message Posted: Feb 26, 2012 11:55:13 AM Ignore remay Report Abuse 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
335d1 Champion Author Virginia Posts:2,361 Points:755,045 Joined:Feb 2011	Message Posted: Feb 26, 2012 10:40:59 AM Ignore 335d1 Report Abuse Boom times for Alaska.
dsaine Champion Author North Carolina Posts:2,977 Points:628,495 Joined:May 2011	Message Posted: Feb 26, 2012 6:20:04 AM Ignore dsaine Report Abuse Congrats
lesndave Champion Author Texas Posts:3,017 Points:697,155 Joined:May 2011	Message Posted: Feb 26, 2012 12:00:08 AM Ignore lesndave Report Abuse Wow
Meowmy Champion Author Florida Posts:1,293 Points:347,255 Joined:Jan 2011	Message Posted: Feb 25, 2012 8:52:17 PM Ignore Meowmy Report Abuse Switch to algae-based bio-fuels instead.
vmholladay Champion Author Reading Posts:2,459 Points:658,945 Joined:Apr 2011	Message Posted: Feb 25, 2012 5:35:31 PM Ignore vmholladay Report Abuse Those whack-job environmentalists won't stand for it
SavingInNC Champion Author North Carolina Posts:5,767 Points:1,089,465 Joined:Oct 2006	Message Posted: Feb 25, 2012 4:22:06 PM Ignore SavingInNC Report Abuse Let them drill
kag2010 Champion Author Winnipeg Posts:5,239 Points:1,016,735 Joined:Apr 2010	Message Posted: Feb 25, 2012 4:15:23 PM Ignore kag2010 Report Abuse Wow!
doggod Champion Author Anchorage Posts:2,828 Points:737,360 Joined:May 2009	Message Posted: Feb 25, 2012 4:01:38 PM Ignore doggod Report Abuse 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.
StArrow68 Champion Author Oakland Posts:3,236 Points:1,357,220 Joined:Apr 2003	Message Posted: Feb 25, 2012 3:49:12 PM Ignore StArrow68 Report Abuse Interesting but at what price does development make sense? We sure hope it isn't at over $100/bl like we have now.
ktbaeohana Champion Author Las Vegas Posts:2,296 Points:420,700 Joined:Mar 2010	Message Posted: Feb 25, 2012 3:41:11 PM Ignore ktbaeohana Report Abuse good news.
carnifolks Veteran Author New Jersey Posts:354 Points:357,560 Joined:Sep 2006	Message Posted: Feb 25, 2012 3:40:17 PM Ignore carnifolks Report Abuse Crack en up boys
drpepperTX Champion Author Texas Posts:8,924 Points:748,960 Joined:Apr 2011	Message Posted: Feb 25, 2012 3:01:49 PM Ignore drpepperTX Report Abuse 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!
Chem60 Champion Author Tallahassee Posts:3,796 Points:809,050 Joined:Oct 2010	Message Posted: Feb 25, 2012 2:47:49 PM Ignore Chem60 Report Abuse Fracking Alaska!
djwhit Champion Author Ohio Posts:2,992 Points:1,204,455 Joined:Jul 2009	Message Posted: Feb 25, 2012 2:20:28 PM Ignore djwhit Report Abuse THATS GREAT........
jrs4125 Champion Author Indiana Posts:2,738 Points:587,745 Joined:Sep 2011	Message Posted: Feb 25, 2012 1:45:49 PM Ignore jrs4125 Report Abuse Newt says he'll give the US 2.50 a gallon gas. Lets all vote for Newt.
AlgaeNOW Champion Author Wyoming Posts:1,012 Points:312,030 Joined:Sep 2005	Message Posted: Feb 25, 2012 1:44:52 PM Ignore AlgaeNOW Report Abuse Wow! Algae NOW