North American Oil Resources

November 14, 2024

Incorrys’ assessment of North American remaining oil and lease condensate resources in major producing basins broken down between resources at <USD $60/Bbl and >USD $60.

Total remaining resources for four major US Tight Oil basins (Permian, Williston, Niobrara, and Eagle Ford) is estimated at 117,300 MMBbl, 81% at full cycle costs of USD $60/Bbl and below.

North American Oil Resource Life

November 14, 2024

This chart shows the resource life, in years, for major North American producing basins at full cycle costs below USD $50/Bbl and USD $60/Bbl.

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.