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Title: Initial report on oil and gas resources, reserves, and productive capacities

Technical Report ·
OSTI ID:7134487

The Federal Energy Administration (FEA) has completed a year-long study of proved reserves of crude oil and natural gas. Preliminary estimates show that, as of December 31, 1974, the United States had proved reserves of 38.2 billion barrels of crude oil and 237 trillion cubic feet of natural gas. The preliminary estimates are based on a survey by the FEA of all oil and gas field operators in the United States. The results of the survey are detailed in Chapter IV of this report. Estimates of oil and natural gas resources were prepared by USGS for FEA. They are discussed in detail in chapter VIII of this report. A later report, in September, will present final estimates of proved reserves and added information on indicated reserves and productive capacity from FEA's survey of oil and gas field operators. It will also report the results of engineering studies of 34 additional fields which, together with the 25 field studies included in the current report, will cover more than half of the Nation's proved reserves of oil and about 30 percent of natural gas reserves. (GRA)

Research Organization:
Federal Energy Administration, Washington, D.C. (USA). Office of Energy Resource Development
OSTI ID:
7134487
Report Number(s):
PB-243581; FEA/G-75/360
Country of Publication:
United States
Language:
English