Monday, 3 December 2018

U.S. reserves reach new record as price rebound spurs drilling

Accelerating development of shale and low permeability formations, largely due to a price rebound, have nearly doubled proven reserves for crude oil and natural gas in the United States. Gas reserves surged 36.1% to 464.3 trillion cubic feet (Tcf) at year-end 2017, and continued to rise ever since.

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