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U.S. Crude Oil and Natural Gas Proved Reserves

By Greg Russell

From a recent EIA report on domestic oil and natural gas reserves:  "Proved wet natural gas reserves decreased in four of the top five U.S. gas reserve states (Texas, Wyoming, Louisiana, and Oklahoma) in 2012 ***. Pennsylvania was the only state in the top five to report an increase (9.8 Tcf) in natural gas proved reserves in 2012, as a result of development of the Marcellus Shale play. In 2012, Pennsylvania went from fifth to the second largest gas reserve state."

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Vorys, Sater, Seymour and Pease LLP provides business and legal counsel to clients throughout the United States and around the world. Since its founding in 1909, our firm has grown into one of the largest law firms in the country, with nearly 375 attorneys who are located in nine offices in Ohio, Washington, D.C., Texas, Pennsylvania, California and London.

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