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Title: Promises And Problems, The U.S. Onshore
Author: T. Don Stacy
Source: American Gas Association 1980
Year Published: 1980
Abstract: This paper deals with what I call promises and problems. What 1 will discuss are domestic hot-spots where Amoco and ihe industry are involved in the U.S. onshore and explain not only the promise, but the specific problems which need lo be overcome in each of these areas. As a beginning point, and to counter the were running out of oil syndrome, lets look at some published data regarding potential recoverable oil and gas reserves. We believe the U.S. has some 38 billion Bbis in proven reserves, with a future potential of another 104 billion Bbls. Onthe gas side, the U.S. has some 237 Tcf with another 685 Tcf yet to be found and developed. We believe that the current proved reserves are only 25-30 percent of ultimate available, and 1 must stress these are mostly the type of reserves available with known technology. Our domestic activity is based on the conviction that the resource bank in America is very substantial and thai there are extensive reserves of oil and gas yet to be found onshore and offshore right here at home. 1 guess you could say that Amoco, like the well-known stockbroker, is bullish on America.

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