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U.S. Proved Oil and Gas Reserves Hit New Records at Yearend 2017


Industry Segment: Production | Word Count: 1072 Words
Attachment: U.S. Oil & Gas Reserves 1977-2017, Top Oil States, Top Gas States

SUGAR LAND--December 14, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. proved reserves of crude oil and natural gas leaped to new records at the end of 2017, propelled by higher average prices, advanced drilling and completion technologies and practices, as well as operators' growing expertise in the various unconventional formations across the country, a late-November report from the U.S. Energy Information Administration (EIA) said.

Within this article: Details of the EIA's report and its ramifications

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