DECLINING OIL GIANTS SIGNIFICANT CONTRIBUTORS TO U.S. PRODUCTION

Stanley C. Phipps Petroleum reservoir engineer Dallas This article presents a statistical summary of production and reserves data for major U.S. oil fields and shows the importance of these fields to the total U.S. oil industry. At least four main general conclusions can be made from the results of the review: Major fields older than 50 years remain highly significant to current U.S. production and reserves. Except for relatively unexplored prospective areas such as Alaska and California

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home