Continental

Updating its estimates for undiscovered technically recoverable resources (UTTR) underlying offshore waters on the Outer Continental Shelf (OCS), the Minerals Management Service (MMS) said last week that new exploration activities in the Gulf of Mexico and in the Scotian Basin offshore Canada have revealed that there is 12% more recoverable gas than estimated in 2000. The MMS now estimates that there are 76 billion barrels of oil and 406.1 Tcf of recoverable natural gas in federal offshore areas.

Updating its estimates for undiscovered technically recoverable resources (UTTR) underlying offshore waters on the Outer Continental Shelf (OCS), the Minerals Management Service (MMS) said Tuesday that new exploration activities in the Gulf of Mexico and in the Scotian Basin offshore Canada has revealed that 76 billion barrels of oil and 406.1 Tcf of natural gas are technically recoverable from federal offshore areas.

A part of its plan to help foster exploration in largely unexplored areas of the Alaska Outer Continental Shelf, the Minerals Management Service (MMS) is asking companies about their interest in exploring for oil and gas in the Chukchi Sea, Hope Basin, and Norton Basin.

A part of its plan to help foster exploration in largely unexplored areas of the Alaska Outer Continental Shelf, the Minerals Management Service (MMS) is asking companies about their interest in exploring for oil and gas in the Chukchi Sea, Hope Basin, and Norton Basin.

The controversy over how to define natural gas gathering in the Outer Continental Shelf (OCS) is likely to ratchet up a few notches at the Federal Energy Regulatory Commission and in the courts in the months ahead.

The controversy over how to define natural gas gathering in the Outer Continental Shelf (OCS) is likely to ratchet up a few notches at the Federal Energy Regulatory Commission and in the courts in the months ahead.

As of midday Tuesday, the U.S. Department of the Interior’s Minerals Management Service (MMS) Gulf of Mexico Outer Continental Shelf Region had received 407 bids on 335 tracts from 52 companies in its highly anticipated Western Gulf of Mexico Lease Sale 187. The lease sale is scheduled for 9 a.m. CST at the Sheraton New Orleans Hotel in New Orleans. The sale will be webcast through GoGulfTV at www.gogulf.net and through the Offshore Oil Scouts Association at www.oosa.com.

High prices and expectations that the continental market will stay tight to keep prices up have lit a fire under supply development by Canadian natural gas producers. Gas is identified as the target for a 62% majority of a record 18,470 wells projected to be drilled this year by the Canadian industry.

High prices and expectations that the continental market will stay tight to keep prices up have lit a fire under supply development by Canadian natural gas producers who have come roaring back after Spring weather delays. Gas is identified as the target for a 62% majority of a record 18,470 wells projected to be drilled this year by the Canadian industry.