The US Energy Information Administration has just released its summary of US oil and natural gas reserves as of the end of 2009 and the look-back will only highlight the future ambition that natural gas players have. The agency noted that crude oil reserves grew 8.6% and natural gas reserves grew 11% during the year. The growth in natural gas reserves is entirely due to growth in what is known as ‘wet’ gas, that is natural gas that contains substantial amounts of natural gas liquids, or NGLs.
In connection with that report, the EIA also posted a list of the Top 100 oil and gas operators based on data supplied to both the EIA and the SEC. In 2009, about 90% of all proved reserves of oil and gas are operated by the top 100. The top 10 accounted for 54% of crude oil reserves and 48% of wet gas reserves. Interestingly, the top 100 operators represent less than 1% of the more than 14,000 US operators.
Paul Ausick
Source: 24/7 Wall Street
For Oil and Gas Projects or Energy Stock Information.
In connection with that report, the EIA also posted a list of the Top 100 oil and gas operators based on data supplied to both the EIA and the SEC. In 2009, about 90% of all proved reserves of oil and gas are operated by the top 100. The top 10 accounted for 54% of crude oil reserves and 48% of wet gas reserves. Interestingly, the top 100 operators represent less than 1% of the more than 14,000 US operators.
Paul Ausick
Source: 24/7 Wall Street
For Oil and Gas Projects or Energy Stock Information.
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