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Production of crude oil as a percentage of proved reserves: Recent worldwide and US trends

Green Car Congress

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world overall and in the United States alone. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. Production (billion barrels).

Oil 342
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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. ExxonMobil’s reserves life at current production rates is 14 years. billion gross oil-equivalent barrels prior to the 2018 Ranger discovery.

2017 186
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Production of crude oil as a percentage of proved reserves: Recent worldwide and U.S. trends

Green Car Congress

In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world and in the United States. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. This variable is inversely related to the reserves-to-production ratio.)

Oil 239
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Eni report: global oil reserves and oil production up in 2018 due to US

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. EIA expects Permian regional production to average 3.3 million b/d of GOM production in 2019. million b/d.

2019 236
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Woodside approves investment in $7.2B Trion development in deepwater Gulf of Mexico; first oil in 2028

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First oil is targeted for 2028. BHP Petroleum acquired an interest in 2017 which subsequently became part of Woodside’s portfolio in 2022. BHP Petroleum acquired an interest in 2017 which subsequently became part of Woodside’s portfolio in 2022. Trion was discovered in 2012 by PEMEX.

Mexico 195