Stay Connected

Texas leads North Dakota in 2009 oil reserves hike

01/03/2011
Texas' Permian basin topped North Dakota's Bakken play as contributors to a 9% increase in US crude oil and condensate reserves in 2009 as shale plays drove gas reserves to the highest since 1971. Wet gas reserves climbed 11% in 2009 to 284 tcf, and oil and condensate reserves hit 22.3 billion bbl, said the US Energy Information Administration. "Unlike the situation for natural gas," EIA said, "where proved reserves grew robustly despite lower wellhead prices, the rise in proved reserves of crude oil was supported by a 37% increase in the crude oil prices used to estimate reserves." Louisiana, Arkansas, Texas, Oklahoma, and Pennsylvania were the leading states that added proved r...
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.