Proved

CNX Increases Proved Reserves 7% on Continued Marcellus, Utica Development

Appalachian pure-play CNX Resources Corp. increased its total proved reserves 7% year/year to 8.43 Tcfe as of the end of the fourth quarter, replacing more than 300% of its 2019 net production, management said Monday.

February 10, 2020

U.S. Set Records for Proved Natural Gas, Oil Reserves and Production in 2018

U.S. crude oil and lease condensate proved reserves increased by 12% in 2018 compared with 2017, and natural gas proved reserves rose 9% year/year, setting new records, according to data from the Energy Information Administration (EIA).

December 13, 2019
Western Canada Oilsands Writedown Sinks ExxonMobil Reserves in 2016

Western Canada Oilsands Writedown Sinks ExxonMobil Reserves in 2016

ExxonMobil Corp. recorded a 19.3% reduction in its proved reserves in 2016, its steepest reduction ever, erasing almost 3.3 billion boe to end the year at under 20 billion boe. Only 65% of production was replaced last year, marking the second year in a row the supermajor failed to fully replace its output.

February 24, 2017
ExxonMobil Replaces Only 65% of 2016 Production, Sharply Reduces Proved Reserves

ExxonMobil Replaces Only 65% of 2016 Production, Sharply Reduces Proved Reserves

ExxonMobil Corp. recorded a 19.3% reduction in its proved reserves in 2016, its steepest reduction ever, erasing almost 3.3 billion boe to end 2016 at under 20 billion boe. The supermajor only replaced 65% of its production last year, marking the second year in a row it failed to fully replace its output.

February 23, 2017
Deflated Prices Drove U.S. Proved NatGas, Oil Reserves Lower in 2015, EIA Says

Deflated Prices Drove U.S. Proved NatGas, Oil Reserves Lower in 2015, EIA Says

Proved reserves of natural gas in the United States decreased 64.5 Tcf in 2015, a 16.6% decline from 2014’s historic high, and U.S. crude oil and lease condensate proved reserves declined 4.7 billion bbl (11.8%) compared with the previous year, both impacted by lower prices, according to the Energy Information Administration (EIA).

December 14, 2016

Antero Adds 4% to Proved Reserves in 2015, Takes Hit on Pricing

Antero Resources increased its proved reserves 4% in 2015, including 2.9 Tcfe through the drill bit and 1.1 Tcfe of ethane reserves added after its first de-ethanizer was placed online last month at the MarkWest Sherwood facility in Doddridge County, WV, the company said Wednesday.

January 28, 2016
EIA Says Crude Reserves Highest Since 1975, North Dakota Passes GOM

EIA Says Crude Reserves Highest Since 1975, North Dakota Passes GOM

U.S. proved reserves of crude oil and lease condensate exceeded the 36 billion bbl threshold for the first time since 1975, while North Dakota surpassed the federal Gulf of Mexico (GOM) and is now second only to Texas, according to the U.S. Energy Information Administration (EIA).

December 5, 2014
EIA Says NatGas Reserves Up 10%; North Dakota Passes GOM in Crude

EIA Says NatGas Reserves Up 10%; North Dakota Passes GOM in Crude

U.S. natural gas proved reserves increased nearly 10% and reached a record 354 Tcf in 2013, according to the U.S. Energy Information Administration (EIA). Meanwhile, North Dakota’s crude oil and lease condensate proved reserves surpassed those of the federal Gulf of Mexico (GOM), ranking it second only to Texas among U.S. states.

December 4, 2014

Panhandle Proved Reserves Up 36%, Thanks to Eagle Ford

Panhandle Oil & Gas Inc. said its total proved reserves had increased 36% at the end of the third quarter, thanks in part to its acquisition of producing properties and drilling locations in the Eagle Ford Shale last June.

November 6, 2014

With Appalachian Reserves Growing, Magnum Hunter Inches Closer to Pure-Play

Magnum Hunter Resources Corp. said Monday the Appalachian Basin now accounts for approximately 80% of its total proved reserves, up from 70% at the end of last year as it continues to divest non-core assets to focus on developing nearly 200,000 net Marcellus/Utica acres.

July 14, 2014
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