USGS confirms massive gas reserves under federal land in western Colorado
By Dennis Webb | The Daily Sentinel
A new U.S. Geological Survey national report points to the large amount of estimated undiscovered natural gas lying below federal lands in western Colorado, and two recent assessments zero in on newly estimated undiscovered oil and gas in a region including parts of northwest Colorado.
The USGS recently released a report on undiscovered oil and gas resources in formations under federally managed public lands. It estimated that nationally there are technically recoverable resources of 29.4 billion barrels of oil and 391.6 trillion cubic feet of gas.
That’s enough oil to supply all of the country’s needs for four years at the current rate of consumption, and enough gas to meet national needs for 12 years. However, the report doesn’t take into acco...
