U.S. oil and natural gas proved reserves and production set new records in 2018

U.S. oil and natural gas proved reserves had another record-breaking year, according to the U.S. Energy Information Administration’s (EIA) U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2018 report, released in December 2019. U.S. proved reserves of crude oil and lease condensate rose to 47.1 billion barrels in 2018, a 12% increase compared with the previous record set at year-end 2017 of 42 billion barrels. U.S. proved reserves of natural gas rose to 504.5 trillion cubic feet (Tcf), a 9% increase compared with the record level set in 2017 of 464.4 Tcf. The growth in oil and natural gas proved reserves was driven by an increase in 2018 oil and natural gas prices.
Want to pay your bill quickly and securely online? Click now and pay...

SynEnergy Partners LLC continues to monitor COVID-19 around the clock under the guidance of our Global Crisis and Regional Incident Management teams, and we have responded as a company with compassion for those who may be affected as well as an abundance of caution to limit the spread of the virus.

We are also taking measures to ensure business continuity remains unimpacted during this time.