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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
1,241 1,262 1,693 1,917 2,120 2,047 1977-2019
Changes in Reserves During Year
             
Adjustments (+,-)
-43 66 57 27 99 16 1977-2019
Revision Increases (+)
156 133 371 280 114 75 1977-2019
Revision Decreases (-)
175 429 220 289 395 555 1977-2019
Sales (-)
24 32 25 119 142 74 2000-2019
Acquisitions (+)
62 43 100 58 50 296 2000-2019
Extensions and Discoveries (+)
    264 399 634 353 2016-2019
Extensions (+)
282 353 -- -- -- -- 1977-2019
New Field Discoveries (+)
0 0 -- -- -- -- 1977-2019
New Reservoir Discoveries in Old Fields (+)
61 0 -- -- -- -- 1977-2019
Estimated Production (-)
97 113 116 132 157 184 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