Wednesday, September 2, 2026
pumpjack_green_field - oilandgas360

In 2014 U.S. Crude Reserves Exceed 39 Billion Barrels for the First Time in 42 Years

Extensions of existing fields continues to push reserves higher The Energy Information Administration (EIA) announced today that 2014 was the fourth-highest year on record for crude oil reserves as the United States added 3.4 billion barrels of crude oil and lease condensate to its proved reserves. U.S. total crude oil and lease condensate reserves at year-end 2014 now stand at