Report Shows US Offshore Oil, Gas Resources Down

The biggest change in undiscovered technically recoverable oil and gas resources offshore the U.S. were seen in the Gulf of Mexico region, the BOEM says.

Gulf of Mexico drilling Source Shutterstock

A helicopter lands on a drilling rig in the Gulf of Mexico. (Source: Shutterstock.com)

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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Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers energy with a focus on renewables.