The Alaska North Slope (ANS) Basin—a prolific source of US oil production previously limited by a number of barriers to entry including cost and access—is poised to re-emerge as a major source of US energy production, with crude oil output potentially increasing as much as 40% during the next eight years, according to new energy research from IHS Markit. Based on recent discoveries, the IHS Markit Plays and Basins: Alaska North Slope (ANS) Basin; Resurgence in an Arrested, Late-emerging Super Basin analysis estimates that the ANS Basin offers 38 billion barrels of oil equivalent (BOE) in remaining recoverable resources (50 trillion cubic feet (TCF) of gas, and 28 billion barrels of oil). IHS Markit said the estimated ultimate recovery (EUR) for the ANS Basin is 54.8 billion BOE, which includes the 38 billion BOE in remaining resources combined with the 16.8 billion barrels of oil produced to date in […]