Permian Boosts Texas Oil Reserves, But Total US Reserves Flat

The fast-paced development of the Permian basin led to Texas showing the largest net increase in proved reserves of crude oil and lease condensate of all U.S. states between 2015 and 2016, although the total U.S. crude oil reserves at end-2016 were virtually the same as at end-2015, the EIA said on …

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