USGS releases assessment of undiscovered oil and gas resources in the Hosston and Travis Peak formations along the Gulf Coast

USGS releases assessment of undiscovered oil and gas resources in the Hosston and Travis Peak formations along the Gulf Coast

35.8 trillion cubic feet of undiscovered gas, 14 months' supply for the nation

RESTON, VA. — The U.S. Geological Survey released its assessment of potential for undiscovered oil and gas in two formations under much of the Gulf of America Coast from Texas to Florida, assessing that there are technically recoverable resources of 35.8 trillion cubic feet of gas and 28 million barrels of oil. 

The estimate for today’s assessment is as much gas as the United States consumes in 14 months at the current rate of consumption. Since exploration began in the area, the Hosston and Travis Peak Formations have produced 8 trillion cubic feet of natural gas, as well as 126 million barrels of oil. 

“USGS energy assessments typically focus on undiscovered resources – areas where science tells us there may be a resource that industry hasn’t discovered yet. In this case, our assessment found substantial resources of gas,” said Sarah Ryker, acting director of the USGS.

The onshore Gulf Coast is a major energy production area thanks to a world-class petroleum system and extensive energy exploration and production infrastructure. This assessment is limited to the Hosston and Travis Peak formations, which comprise a small portion of the onshore Gulf Coast’s Cretaceous aged rocks.  While the study area stretches from the Mexican border along the Gulf of America to most of Florida, resources are concentrated in one sliver extending from southeastern Texas across central Louisiana through the Mississippi Delta and into state waters of Louisiana, in the Hosston-Travis Peak Shelf Continuous Gas Assessment Unit (see map).