Proved Reserves

Earthstone provides update, 2021 guidance and announces proved reserves

February 3, 2021

Eathstone Energy Record Annual Production Beats Top End of 2020 Full Year Guidance by 6%; Planned Resumption of Drilling Program THE WOODLANDS, Texas–(BUSINESS WIRE)– Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our” or “we”), today provided an operations update, released 2021 guidance and announced its year-end 2020 estimated proved reserves. The Company has estimated its oil and gas

U.S. NatGas Reserves Went Up, but Oil Stands Pat in 2016: EIA

February 13, 2018

U.S. proved reserves of natural gas increased 5% in 2016, compared with a 17% decline in 2015 The United States had 341.1 trillion cubic feet (Tcf) of natural gas proved reserves as of December 31, 2016, according to U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2016, released by the EIA. U.S. crude oil and lease condensate proved reserves

GeoPark Produced 10.2 MMBOE in 2017, Receives Reserve Report

February 5, 2018

‘For every barrel produced, we replaced it with almost three proven barrels’ – GeoPark CEO James Park EnerCom Dallas presenter GeoPark Limited (ticker: GPRK) recently received an independent appraisal of reserves covering 100% of the company’s assets in Colombia, Chile, Brazil, Peru and Argentina. Following GeoPark’s oil and gas production of 10.2 MMBOE in 2017, the company received certified 2P

PDC Energy Builds on Reserve Base in Year-End Update

January 21, 2016

Estimates Reserve Replacement of 247% Operational execution was the primary takeaway from PDC Energy’s (ticker: PDCE) Q3’15 results, and the progressing development of the company’s Wattenberg assets carried over into its 2015 year-end reserves update. The news release, issued on January 20, 2016, reported proved reserves of 272.8 MMBOE and total 2015 production of 15.4 MMBOE, representing year-over-year increases of

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

November 24, 2015

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

Potential Gas Committee: With 2,853 Tcf of Future Natural Gas Supply, U.S. Can Keep the Lights On

October 15, 2015

“An exceptionally strong and optimistic gas supply picture for the nation” After two years of number crunching by 100 volunteer geoscientists and petroleum engineers, the Potential Gas Committee (PGC) in Golden, Colorado, says the United States possesses a total technically recoverable resource base of 2,515 trillion cubic feet (Tcf) of natural gas, as of year-end 2014. This is the highest