Small changes mask big swings for US reserves

10/17/2005
Proved reserves of natural gas in the US were up nearly 2% in 2004, while proved oil reserves fell more than 2%, the Energy Information Administration said.Proved dry gas reserves at the end of 2004 were 192.5 tcf, and proved crude oil reserves were 21.37 billion bbl. Proved natural gas liquids reserves were 7.9 billion bbl, up 6.3% on the year.Gas figuresGas reserve additions onshore in the Lower 48 exceeded 21 tcf, pushing 2004 total US reserves replacement to 118% of 2004 dry gas production.The onshore performance more than made up for an unusually large 15% drop in Gulf of Mexico proved reserves that was due mainly to a dearth of new discoveries and partly to relatively large negative...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected