Operators more than replace 2005 produced reserves in US

11/20/2006
Operators in the US replaced 164% of dry natural gas production and 122% of crude oil production in 2005, the US Energy Information Administration estimated.US proved reserves at Dec. 31, 2005, were 21.757 billion bbl of crude oil, up 1.8% on the year, 204.385 tcf of gas, up 6.2%, and 8.165 billion bbl of natural gas liquids, up 3%.The 11.87 tcf increase was the largest gain in natural gas proved reserves since 1970, but 2005 was the first uptick for oil reserves in 3 years, EIA said.Oil production fell 4.7% to 1.733 billion bbl, gas output was down 4% to 18.458 tcf, and NGL production dropped 4.7% to 788 million bbl in 2005, the agency pointed outAs in most recent years, most of the oil ...
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