- The boost to crude reserves from ultra-deep fields looks to have run its course starting in 2017/2018.
- Net additions of reserves peaked in 2018 for oil and gas, and total remaining reserves peaked in 2018 for gas and will in 2019 for oil (whether locally or globally time will tell).
- Total hydrocarbon production had risen slightly over the period until 2019 before falling last year.
- For natural gas, the proved estimates from the EIA pretty much coincide with the proved plus probability estimates from the BOEM, which is to be expected in a basin approaching exhaustion.
For further details see:
Annual Reserve Changes Part I: EIA And Super-Majors