U.S. Energy Information Administration - EIA - Independent Statistics and Analysis

Subject:	EIA, forecasts, energy markets
Presented by:	Stephen Nalley, Deputy Administrator
Presented to:	U.S. Senate Committee on Energy and Natural Resources Washington, DC—November 16, 2021

Source: U.S. Energy Information Administration, Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2020

Because of lower oil prices in the first year of the COVID-19 pandemic, U.S. operators reported a 19% reduction in proved reserves of crude oil and lease condensate in 2020, according to our Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2020 report. Proved reserves totaled 38.2 billion barrels for the year.

U.S. Energy Information Administration
1000 Independence Ave., SW
Washington, DC 20585

Coming Up