The U.S. Geological Survey recently published five fact sheets about its assessment of undiscovered oil and gas resources in several key onshore formations.
#1 Gulf Coast Travis Peak and Hosston Formations
States: Texas, Louisiana, Mississippi, Alabama, Florida, Georgia
Sedimentology: Clastic sandstones deposited during marine transgression
Stratigraphy: Lower Cretaceous Travis Peak Formation in Texas correlatable to Hosston Formation in Louisiana
Total undiscovered conventional resources (mean): 28 million barrels of oil and 959 billion cubic feet of gas
Total undiscovered continuous resources (mean): 34,842 billion cubic feet of gas
Go deeper: USGS Fact Sheet 2025–3021
#2 Western Gulf Basin San Miguel, Olmos, and Escondido Formations
State: Texas
Sedimentology: The San Miguel, Olmos, and Escondido Formations were deposited atop a continental margin in a continental-to-deep-marine environment.
Stratigraphy: Upper Cretaceous sandstone with porosity of up to 15–20 percent and within mainly stratigraphic traps. The source rock is the Eagle Ford Shale.
Total undiscovered conventional resources (mean): 5 million barrels of oil and 25 billion cubic feet of gas
Go deeper: USGS Fact Sheet 2025–3015
#3 Upper Paleozoic Formations of Wind River, Bighorn River, and Powder River Basins
State: Wyoming
Sedimentology: These basins formed during the Late Cretaceous to Paleogene Laramide Orogeny and contain Paleozoic and Mesozoic sediments.
Stratigraphy: Various Mississippian to Permian formations. Reservoirs include Leo/Minnelusa Sandstone, Amsden Formation, Tensleep Sandstone, and Phosphoria Carbonates. Source rocks include Phosphoria and Madison.
Total undiscovered conventional resources of Powder River Basin Minnelusa Sandstone (mean): 15 million barrels of oil and 1 billion cubic feet of gas
Total undiscovered conventional resources of Powder River Basin Tensleep Sandstone (mean): 4 million barrels of oil and 1 billion cubic feet of gas
Total undiscovered conventional resources of Powder River Basin Leo Sandstone (mean): 2 million barrels of oil and 1 billion cubic feet of gas
Total undiscovered conventional resources of Wind River Basin Upper Paleozoic reservoirs (mean): 4 million barrels of oil and 4 billion cubic feet of gas
Total undiscovered conventional resources of Bighorn Basin Upper Paleozoic reservoirs (mean): 22 million barrels of oil and 12 billion cubic feet of gas
Go deeper: USGS Fact Sheet 2024–3049
#4 Mowry Formation
States: Wyoming, Colorado, and Utah
Sedimentology: The Mowry Shale is a marine, organic-rich, siliceous shale with a total organic carbon content of as much as five percent.
Stratigraphy: The Mowry Petroleum System consists of Lower Cretaceous Cloverly Sandstone, Dakota Sandstone, Thermopolis Shale, Muddy Sandstone, Shell Creek Shale, Upper Cretaceous Mowry Shale, and the Frontier Formation.
Total undiscovered conventional oil and gas resources (mean): 20 million barrels of oil and 112 billion cubic feet of gas
Total undiscovered continuous oil and gas resources (mean): 453 million barrels of oil and 27,193 billion cubic feet of gas
Go deeper: USGS Fact Sheet 2025–3023
#5 Monterey Formation
State: California (Los Angeles Basin)
Sedimentology: Organic-rich shale with total organic carbon values (TOC) as much as 17 percent, kerogen type II and III
Stratigraphy: Miocene Monterey Formation
Total undiscovered conventional resources (mean): 50 million barrels of oil and 199 billion cubic feet of gas
Total undiscovered continuous resources (mean): 11 million barrels of oil and 41 billion cubic feet of gas
Go deeper: USGS Fact Sheet 2024–3051