Tag: proved reserves

US oil, natural gas proved reserves declined in 2015 due to low prices

Crude oil and lease condensate reserves decreased in most states in 2015, with largest net decrease in Texas US crude oil proved reserves declined 4.7 billion barrels (11.8 per cent) from their year-end 2014 levels to 35.2 billion barrels at year-end 2015, according to EIA’s recently released U.S. Crude Oil and Natural Gas Proved Reserves report. US […]