Proved reserves of U.S. natural gas established a new record; oil reserves increased by 16% at the end of 2021
U.S. ENERGY INFORMATION ADMINISTRATION
WASHINGTON DC 20585
FOR IMMEDIATE RELEASE
January 30, 2022
In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels. Energy demand had risen from the 2020 lows that resulted from the COVID-19 pandemic, pushing up prices and making more U.S. resources economically viable.