The U.S. Geological Survey model for undiscovered conventional accumulations is designed to aid in the assessment of crude oil, natural gas, and natural gas liquids (collectively called petroleum) resources. Conventional accumulations may be described in terms of discrete fields or pools localized in structural and stratigraphic traps by the buoyancy of oil or natural gas in water. Conventional accumulations are commonly bounded by a down-dip water contact. The assessment model requires estimates of the number and sizes of undiscovered conventional accumulations. Technically recoverable petroleum resources from undiscovered conventional accumulations are calculated by statistically combining probability distributions of the estimated number and sizes of undiscovered accumulations, along with associated risks and coproduct ratios. Probabilistic estimates of petroleum resources are given for oil in oil accumulations, gas (associated/dissolved) in oil accumulations, natural gas liquids in oil accumulations, gas (nonassociated) in gas accumulations, and total liquids (oil and natural gas liquids) in gas accumulations.