A recent assessment discovered millions of barrels of oil and billions of cubic feet of natural gas resources in northwest Colorado and southwest Wyoming.

The United States Geological Survey announced the discovery of new resources in the Phosphoria Total Petroleum System, which has been producing oil and gas since approximately 1920. Since then, approximately 500 million barrels of oil and 2.5 trillion cubic feet of natural gas have been recovered from the system.

Map of Phosphoria oil and gas assessment United States Geological Survey

The new discovery includes an estimated 3 million barrels of oil and 666 billion cubic feet of gas that are recoverable. Despite the survey's findings, the USGS believes that the system may be nearing depletion.

"USGS energy assessments typically f

See Full Page