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How much oil is untouched in Alaska?

Recent estimates by the U.S. Geological Survey (USGS) of undiscovered petroleum resources in conventional reservoirs from the onshore part of the Arctic Alaska petroleum province include mean volumes of over 24 billion barrels of oil and over 85 trillion cubic feet of natural gas, and estimates for Cook Inlet basin (

What US state has the most oil wells?

Texas is the clear leader in U.S. oil production, continuing to outpace all other states by a significant margin. In 2023, the Lone Star State produced over 2 billion barrels of oil, making it the largest oil-producing state by far.

Does Alaska have more oil than Texas?

Oil production in Alaska has dropped approximately 75 percent since hitting a peak of more than two million barrels per day (bpd) in 1988. North Slope production averaged 496,906 bpd in FY 2019. North Slope production is expected to decline to 486,400 bpd in FY 2020 and edge up to 486,500 bpd in FY 2021.

How many active oil wells are in Alaska?

The production profile for Alaska in 2023 records 2,340 active wells, 65% of which produce more than 100 barrels of oil equivalent per day (BOE/d).

Where is Alaska oil shipped?

Tankers transport most of the oil produced in Alaska to refineries in Washington and California. On March 24, 1989, the Exxon Valdez tanker struck Bligh Reef and spilled 257,000 barrels of crude oil into Prince William Sound, located on Alaskas southern coast.