U.S. GAS RESERVES SHOW GAIN; OIL RESERVES SLIP LESS THAN 1%

09/16/1991
The Energy Information Administration reports 1990 U.S. natural gas reserves increased for the first time since 1981. Reserves inched up 1.3% to 169.346 tcf, largely because of coalbed methane development. Gas reserves in Alaska and the Lower 48 not only increased, but the latter are higher than they were in 1985. Gas discoveries increased 23.3% and totaled 12.368 tcf in 1990. Major finds were drilled in New Mexico, in Alabama state water, and off Louisiana. Crude oil reserves dropped less than 1% to 26.254 billion bbl, close to the average decline of 1.2%/year for the past decade. Crude oil discoverie...
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