EIA Slashes Monterey Shale Recoverable Oil Estimate By 96%

摘要

The Energy Information Administration (EIA) has cut its estimate of recoverable oil in California’s Monterey Shale to 600 million bbl, a 96% decrease from previous estimates, an agency spokesman told NGI’s Shale Daily Wednesday. The revised number comes nearly three years after EIA had estimated Lower 48 technically recoverable shale oil resources at 23.9 billion bbl, including 15.4 billion bbl in the Monterey/ Santos play, then believed to be the nation’s largest shale oil formation (see Shale Daily, July 11, 2011). A year GASNGIlater, in its Annual Energy Outlook 2013 (AEO2013), the agency estimated technically recoverable oil in the Monterey at 13.7 billion bbl (see Shale Daily, July 24, 2012).