The amount of undiscovered technically recoverable oil and gas resources (UTRR) in the U.S. Gulf of Mexico’s (GoM) federal waters is shrinking, according to a report released by the Bureau of Ocean Energy Management (BOEM).

“Of BOEM’s four regions, the 2021 estimates of UTRR for the Gulf of Mexico showed the most change from 2016, due in part to the refinement of field size distributions and the estimated number of prospects for some mature geologic plays, particularly on the shallow water shelf,” BOEM said in a statement.

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