US oil, gas reserves stabilize in 1980
Journal Article
·
· Oil Gas J.; (United States)
OSTI ID:5544387
The US Energy Information Administration reports that the all-out pace of drilling has produced additions to US oil and gas reserves during 1980. Based upon Form EIA-23 data from 2130 operators of oil and gas wells and 796 natural gas processing-plant operators, the survey indicates the following proven reserves as of Dec. 31, 1980: crude oil, 29.805 billion bbl, down 5 million bbl (0.017%) from 1979's 29.810 billion; natural gas, 199.021 trillion CF, down 1.976 TCF (0.98%) from 200.997 TCF; and natural gas liquids, 6.728 billion bbl, up 113 million bbl (1.7%) from 6.615 billion. Although oil and gas reserves have dropped, the declines were less than 1%, in contrast with the large declines of recent years.
- OSTI ID:
- 5544387
- Journal Information:
- Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 79; ISSN OIGJA
- Country of Publication:
- United States
- Language:
- English
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02 PETROLEUM
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NORTH AMERICA
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020200 -- Petroleum-- Reserves
Geology
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03 NATURAL GAS
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& Exploration
DRILLING
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FOSSIL FUELS
FUEL GAS
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GAS FUELS
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WELL DRILLING