Informant38

Federal lands USGS ANWR . Most of the oil is estimated to occur in the western, undeformed part of the ANWR 1002 area, which is closest to existing infrastructure. Furthermore, the oil is expected to occur in a number of accumulations rather than a single large accumulation. Estimates of economically recoverable oil, expressed by probability curves, show increasing amounts of oil with increasing price. At prices less than $13 per barrel, no commercial oil is estimated, but at a price of $30 per barrel, between 3 and 10.4 billion barrels are estimated. Economic analysis includes the costs of finding, developing, producing, and transporting oil to market based on a 12 percent after-tax return on investment, all calculated in constant 1996 dollars.