U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline ...Middle East

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U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline
source : OILPRICE ( Middle East ) () 34
Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their total proved reserves estimates, the Energy Information Administration (EIA) said on Friday. The annual report from the EIA showed that proved reserves of crude oil and lease condensate remained basically the same in 2019 as in 2018, with a very slight increase of 0.1 percent. Proved reserves of natural gas, on the other hand, dropped by 1.9 percent, according to EIA’s data through the…

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