Who owns the most natural gas reserves?

Russia
1. Russia – 38 trillion cubic metres. Russia is home to the world’s largest natural gas reserves, with a total proved resource of 38 tcm (1,341 trillion cubic feet) according to the BP Statistical Review of World Energy 2020. That is equivalent to around 19% of the world’s total reserves.

Where is the most untapped oil in the US?

Texas, home to the Eagle Ford, Permian and Barnett shale oil plays, holds more than 60 billion barrels of shale oil alone, Rystad estimates. That’s more than the untapped oil in all of China. There are also vast sums of oil beneath the ground in North Dakota, where the Bakken shale oil play sits.

How long will reserves of natural gas last?

Assuming the same annual rate of U.S. dry natural gas production in 2020 of about 30 Tcf, the United States has enough dry natural gas to last about 98 years. The actual number of years the TRR will last depends on the actual amount of dry natural gas produced and on changes in natural gas TRR in future years.

Are there any undiscovered oil fields?

USGS reports that nearly half of the undiscovered conventional oil resources present in the entire South America-Caribbean Region exist in the areas offshore Brazil.

Which state has the most natural gas reserves?

1. Texas — 6.8 trillion cubic feet (23.7% of the total)

How much natural gas is left in the world 2021?

about 52.8 years
Taking into consideration the current rate of natural gas production and current known natural gas reserves, we have about 52.8 years worth of natural gas reserves left.

How much unproven oil reserves are there?

3 trillion barrels
It is estimated that our proven reserves are on the order of 1.5 trillion barrels of oil, and unproven reserves are thought to be in the range of 3 trillion barrels.

What 5 states produce the most natural gas?

Natural gas is produced in 32 states. The top producing states are Texas, Oklahoma, New Mexico, Wyoming, and Louisiana, which produce more than 50 percent of U.S. natural gas.

Who is the largest natural gas producer in the US?

Texas is the largest producer of both crude oil and natural gas in the United States. In 2019, the state accounted for 41% of the nation’s crude oil output and 25% of its marketed natural gas production.