Your cart is currently empty!
November 14, 2024
Resource life is calculated as resources divided by 2023 production.
Resource life is different from reserves life, which is lower.
Actual resource life could vary from Incorrys’ results for several reasons:
- Higher oil prices may sustain drilling in lower productivity areas of a play or basin;
- Access to new pipeline capacity for oil or associated gas could also impact the rate of production from a basin or play.
The US Permian has the lowest resource life compared to other US Tight oil basins at 26.1 years for a cost of USD$60/Bbl and below.
Canadian resource life is 42.5 years for a cost of USD$60/Bbl and below.
Total North American resource life is 38 years for a cost USD$60/Bbl and below and 27 years for a cost USD$50 and below.
See Also:
North American Oil Resources
North American Oil Resource Cost Curve
Full Cycle Cost of North American Oil by Basin
Russian Oil Resources
References:
U.S. Crude Oil and Natural Gas Proved Reserves