US Crude Oil, Natgas Reserves Both Rose Over 9% In 2013
The Marcellus shale in Pennsylvania and West Virginia accounted for 70 percent of the increase in proved gas reserves. The increase in Pennsylvania alone was 13.5 tcf, the largest increase in the nation.
While U.S. oil and gas reserves and production increased in 2013, EIA said imports of both crude and gas declined by near 10 percent and 8 percent, respectively.
(Reporting by Scott DiSavino, Editing by Franklin Paul; and Peter Galloway)
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds