U.S. crude oil, natural gas, and natural gas liquids reserves - 1993 annual report
Although new discoveries were up substantially in 1993, US proved reserves of crude oil, natural gas, and natural gas liquids all declined again. Increased gas prices and drilling helped to hold the natural gas reserves decline to 1.6 percent. Oil reserves declined by 3.3 percent. As of December 31, 1993, proved reserves were: Dry natural gas - 162,415 billion cubic feet (excluding gas in underground storage); Crude oil - 22,957 million barrels; Natural gas liquids - 7,222 million barrels (including lease condensate). Proved reserves are those quantities that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Petroleum engineering and geological judgment is required in estimating reserves; therefore, the results are not precise measurements. This report of 1993 US proved reserves of crude oil, natural gas, and natural gas liquids is the 17th in an annual series prepared by the Energy Information Administration (EIA).
- Research Organization:
- USDOE Energy Information Administration, Washington, DC (United States). Office of Oil and Gas
- Sponsoring Organization:
- USDOE, Washington, DC (United States)
- OSTI ID:
- 10193184
- Report Number(s):
- DOE/EIA-0216(93); ON: DE95002536; NC: NONE; TRN: 94:010214
- Resource Relation:
- Other Information: PBD: Oct 1994
- Country of Publication:
- United States
- Language:
- English
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