Crude oil - reserves in the U.S. 1980-2018

The statistic shows the development of proven oil reserves in the United States between 1980 and 2018, measured in billion barrels. According to the source, proven oil reserves are quantities of oil that have been determined to be viably extractable in the future under current geological, engineering and economic operating conditions. In 2018, oil reserves in the United States amounted to around 61.2 billion barrels.

Crude oil reserves in the United States from 1980 to 2018

Crude oil reserves in billion barrels
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Source

Release date

June 2019

Region

United States

Survey time period

1980 to 2018

Supplementary notes

Proved reserves of oil – generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions. Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.
Figures for years not included in the pdf version were taken from the Data workbook of the Statistical Review.

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