Proved reserves of U.S. crude oil and lease condensate declined by 19% during 2020

Proved reserves of U.S. crude oil and lease condensate declined by 19% during 2020
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

27.01.2022

Because of lower oil prices in the first year of the COVID-19 pandemic, U.S. operators reported a 19% reduction in proved reserves of crude oil and lease condensate in 2020, according to our Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2020 report. Proved reserves totaled 38.2 billion barrels for the year.

Full article at eia.gov

Back

news