U.S. Crude Oil and Natural Gas Proved Reserves

U.S. crude oil proved reserves, led by reserve additions in Texas and North Dakota, increased at a record pace in 2012 according to the "U.S. Crude Oil and Natural Gas Proved Reserves, 2012" report released in April 2014 by the U.S. Energy Information Administration (EIA). Despite notable gains in the Marcellus and Eagle Ford shale gas plays, low natural gas prices drove down natural gas proved reserves in 2012, ending a 14-year run of consecutive increases in gas reserves.