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EMD-80-24 1 (1979-12-07)

handle is hein.gao/gaobabaac0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES


Analysis Of Current Trends In U.S.

Petroleum And Natural Gas Production



Given the realities of the U.S. resource base,
it appears that U.S. petroleum and natural
gas production will decline steadily through
the 1980s, but could be stabilized in the
1990s provided there is reasonable success in
new enhanced oil recovery techniques as
well as frontier exploration activities. Failure
to develop the frontier areas would result in
continued  declines in U.S. production
through the 1990s. While enhanced oil re-
covery production will not become signifi-
cant until the 1990s, it could, in combina-
tion with vigorous development of the fron-
tier areas, even provide some limited growth
prospects by the end of the century.


Prudhoe Bay and the frontier areas will sig-
nificantly affect the future trends in U.S.
petroleum and natural gas production. For
petroleum, frontier production will become
critical in the mid-1980s when Prudhoe Bay
crude oil production begins to decline steeply.
For natural gas, production will continue to
decline through the end of the century and
not stabilize in the 1990s, unless the pro-
posed levels of Prudhoe Bay gas produc-
tion can be maintained through the end of
the century.


III!l2
    111042


      EMD-80-24
DECEMBER 7, 1979


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