Wednesday, December 4, 2024
ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Despite 2015 Oil and Gas Reserve Decreases, Plenty of New Oil Being Found

Proved oil and gas reserves down 11.8% and 16.6%, respectively, from year-end 2014 EIA has downgraded its estimates of proved oil and gas reserves in the U.S., according to its Crude Oil and Natural Gas Proved Reserves, Year-end 2015 report, released today. Proved reserves of crude oil in the U.S. declined by 4.7 billion barrels or 11.8% from their year-end