Table 1. Petroleum Reserves and Production for Nonmajors, 1994-1997

(Million Barrels of Oil Equivalent)

  Onshore Offshore
  Liquids Gas Liquids Gas
Beginning-of-1994 Reserves 7,734 9,900 444 880
+ Reserve Additions, 1994-1997 4,157 5,337 535 1,192
+ Net Purchases from Majors, 1994-1997 1,195 427 118 -9
- Production, 1994-1997 3,670 4,317 450 1,140
= End-of-1997 Reserves 9,416 11,347 647 924
Note: Sum of components may not equal total due to independent rounding.
Sources: Majors: Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration (Financial Reporting System).
Total United States: Energy Information Administration, U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 1994, DOE/EIA-0216(94) (Washington, DC, November 1995); Energy Information Administration, U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 1995, DOE/EIA-0216(95) (Washington, DC, November 1996); Energy Information Administration, U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 1996, DOE/EIA-0216(96) (Washington, DC, November 1997); and U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 1997, DOE/EIA-0216 (Washington, DC, December 1998)

Last Updated on 4/16/2001

Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration (Financial Reporting System)
Email: larry.spancake@eia.doe.gov