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Rare Earth Elements in U.S. Not So Rare

By Economy, Environment, Science, , , , , , , , , , ,

*Significant Deposits Found in 14 States*

Rare Earth Elements. Image credit: USGS

Approximately 13 million metric tons of rare earth elements (REE) exist within known deposits in the United States, according to the first-ever nationwide estimate of these elements by the U.S. Geological Survey.

This estimate of domestic rare earth deposits is part of a larger report that includes a review of global sources for REE, information on known deposits that might provide domestic sources of REE in the future, and geologic information crucial for studies of the availability of REE to U.S. industry.

The report describes significant deposits of REE in 14 states, with the largest known REE deposits at Mountain Pass, Calif.; Bokan Mountain, Alaska; and the Bear Lodge Mountains, Wyo. The Mountain Pass mine produced REE until it closed in 2002. Additional states with known REE deposits include Colorado, Florida, Georgia, Idaho, Illinois, Missouri, Nebraska, New Mexico, New York, North Carolina, and South Carolina. (more…)

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USGS Oil and Gas Resource Estimates Updated for the National Petroleum Reserve in Alaska (NPRA)

By Economy, General, , , , , , , , , , , , , , ,

The U.S. Geological Survey estimates 896 million barrels of conventional, undiscovered oil and 53 trillion cubic feet of conventional, undiscovered non-associated gas within NPRA and adjacent state waters.  The estimated volume of undiscovered oil is significantly lower than in 2002, when the USGS estimated there was 10.6 billion barrels of oil.  The new estimate, roughly 10% of the 2002 estimate, is due primarily to the incorporation of new data from recent exploration drilling revealing gas occurrence rather than oil in much of NPRA. (more…)

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