Study: US Oil, Gas Companies Add to Reserves

Oil and Gas Investor | Velda Addison
Oil and gas reserves have reached their highest since 2014 with the help of increased revenues and production from top U.S. oil companies.
An improved price environment combined with innovation, efficiency savviness and cost reductions combined to help 50 of the top U.S. oil and gas companies increase revenues and production while significantly growing oil and gas reserves in 2017. This is according to EY’s latest U.S. oil and gas reserves and production study, which was released July 13. Both oil and gas reserves reached their highest levels since 2014 when the market downturn sent oil and gas prices tumbling, forcing companies to operate more efficiently to make money..
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