January 2011 Vol. 238 No. 1

In The News

Shale Development Drives U.S. Proved Reserves To Highest Level Since 1971

U.S. natural gas proved reserves, estimated as “wet” gas which includes natural gas plant liquids, increased by 11% in 2009 to 284 Tcf, the highest level since 1971, according to the U.S. Energy Information Administration’s (EIA) Summary: U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves, 2009. “This demonstrates the growing importance of shale gas in meeting both current and projected energy needs,” said Richard Newell, EIA Administrator. “Louisiana, Arkansas, Texas, Oklahoma, and Pennsylvania were the leading states in adding new proved reserves of shale gas during 2009,” he said. Louisiana led the nation in additions of

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