US oil reserves up, Alaska’s downEIA says shale oil development driving major increase in Lower 48 reserves while Alaska’s conventional production declines Alan Bailey Petroleum News
With a rise of 9 percent to 36.5 billion barrels, U.S. oil and condensate reserves increased in 2013 for the fifth consecutive year, EIA, or the Energy Information Administration, reported Dec. 4. But Alaska bucked the trend, having seen a reserves decline of 454 million barrels, a drop of 14 percen....
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