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Crude Oil Proved Reserves, Reserves Changes, and Production
(Million Barrels)
Area: Period:
 Annual 
 Show Data By:
Data Series Area
2014 2015 2016 2017 2018 2019 View
History
Proved Reserves as of 12/31
6,043 5,193 5,256 5,473 5,895 5,897 1977-2019
Changes in Reserves During Year
             
Adjustments (+,-)
-69 218 -110 79 251 -163 1977-2019
Revision Increases (+)
683 374 690 406 343 285 1977-2019
Revision Decreases (-)
864 1,381 490 417 385 429 1977-2019
Sales (-)
567 306 171 199 91 2 2000-2019
Acquisitions (+)
310 62 93 6 35 115 2000-2019
Extensions and Discoveries (+)
    428 733 729 713 2016-2019
Extensions (+)
1,234 605 -- -- -- -- 1977-2019
New Field Discoveries (+)
3 0 -- -- -- -- 1977-2019
New Reservoir Discoveries in Old Fields (+)
30 6 -- -- -- -- 1977-2019
Estimated Production (-)
394 428 377 391 460 517 1977-2019
- = 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: 1/11/2021
Next Release Date: 12/20/2021