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In late February 2012, the U.S. Geological Survey (USGS) issued the first estimates of technically recoverable onshore oil and gas from shales on Alaska’s North Slope, as part of the National Oil and Gas Assessment Project. USGS finds there is a maximum potential of 2 Bbbl of oil and 80 Tcf of gas recoverable from kerogen-rich shales spanning the National Petroleum Reserve in Alaska.
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