Graph of US proven oil reserves through 2012Although the US proved oil reserves grew by 3.8 billion barrels in 2011, even after deducting 2.07 billion barrels of production, only 8% of the 5.84 billion barrels of the newly booked oil was due to new field discoveries (US EIA)
Within the petroleum industry, proven crude oil reserves in the United States were 44.4 billion barrels (7.06×109 m3) of crude oil as of the end of 2021, excluding the Strategic Petroleum Reserve.[1]
In 2012, the Energy Information Administration using data compiled by the United States Geological Survey under the Department of the Interior estimated US undiscovered, technically recoverable oil resources to be an additional 198 billion barrels.[2][3][4]
^"Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021". www.eia.gov. Retrieved 2023-02-04.
^"Republicans say new study belies Obama claim US has 2 percent of world oi l". Fox News. 2012-04-19.
^US Energy Information Administration, Energy Annual 2012, Sept. 2012.
^"What are "technically recoverable" oil and gas resources? | U.S. Geological Survey". www.usgs.gov. Retrieved 2023-02-04.
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