Oil, gas reserves at all-time highs thanks to the liberal use of the drill bit and higher commodities prices
Thank you shale revolution: oil and gas reserves are at an all-time high in the U.S., driven by the massive uptick in drilling and production associated with unconventionals—and improved prices.

U.S. companies currently hold 42 billion BBL of crude oil and lease condensate and 464.3 Tcf of gas in reserves, representing significant growth from 2016. Crude oil reserves are up 19.5% year over year, while lease condensate reserves grew 16.7% and natural gas reserves are up 36.1%. This growth more than makes up for the negative effects of the downturn, when reserves values fell due to falling commodities prices.

Each of these f...

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