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Crude Oil Proved Reserves, Reserves Changes, and Production
(Million Barrels)
Area: Period:
 Annual 
 Show Data By:
Data Series Area
2013 2014 2015 2016 2017 2018 View
History
Proved Reserves as of 12/31
5,677 6,043 5,193 5,256 5,473 5,895 1977-2018
Changes in Reserves During Year
             
Adjustments (+,-)
-49 -69 218 -110 79 251 1977-2018
Revision Increases (+)
991 683 374 690 406 343 1977-2018
Revision Decreases (-)
642 864 1,381 490 417 385 1977-2018
Sales (-)
44 567 306 171 199 91 2000-2018
Acquisitions (+)
353 310 62 93 6 35 2000-2018
Extensions and Discoveries (+)
      428 733 729 2016-2018
Extensions (+)
1,603 1,234 605 -- -- -- 1977-2018
New Field Discoveries (+)
4 3 0 -- -- -- 1977-2018
New Reservoir Discoveries in Old Fields (+)
13 30 6 -- -- -- 1977-2018
Estimated Production (-)
313 394 428 377 391 460 1977-2018
- = No Data Reported;  -- = Not Applicable;  NA = Not Available;  W = Withheld to avoid disclosure of individual company data.
Notes: W -- Individual state volumes are withheld to avoid disclosure of operator-level reserves data, due to statistical precision requirements, or due to other data quality reasons. The individual state volumes are included in the U.S. Total volume. The volumes in the table above are crude oil ONLY (aka Black Oil), excluding lease condensate. The production estimates in this table are based on data reported on Form EIA-23L, "Annual Survey of Domestic Oil and Gas Reserves." They may differ from the official Energy Information Administration production data for crude oil contained in the "Petroleum Supply Annual."  See Definitions, Sources, and Notes link above for more information on this table.
Release Date: 12/12/2019
Next Release Date: 11/20/2020