New record for US crude oil and natural gas proved reserves in 2017
According to EIA's recent report 'Crude Oil and Natural Gas Proved Reserves', there is a continuous rise on shale and tight resources that drove proved reserves of both U.S. crude oil and natural gas to new records in 2017. Reserves of U.S. crude oil increased 19.5% in comparison to 2016, whereas reserves of natural gas increased by 36.1% from the end of 2016.
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