CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

US oil and gas reserves

Published: 20 Jan 2013 - 03:58 am | Last Updated: 06 Feb 2022 - 05:43 am

Workers change drilling pipes on the rotary table of a natural gas drilling rig near Towanda, Pennsylvania. Even though US natural gas prices have bounced away from the decade lows as of April last year, the country’s Securities and Exchange Commission requires companies to calculate and report year-end oil and gas reserves using 12-month average prices.