Nebraska's Proven Crude Oil Reserves


The estimated quantity of crude oil which geological and engineering data demonstrate with a given probability to be recoverable in the future assuming current costs of operation and market prices are proven reserves.  Nebraska's reserves are given for 1960-2006 in the table below.  Proven reserves peaked in 1961 at 100 million barrels.


Proven Crude Oil Reserves in Nebraska, 1960-2006
 (as of December 31)


1960 . . . . . . . . . 86 1970 . . . . . . . . . 41 1980 . . . . . . . . . 46
1961 . . . . . . . . . 100 1971 . . . . . . . . . 36 1981 . . . . . . . . . 41
1962 . . . . . . . . . 94 1972 . . . . . . . . . 31 1982 . . . . . . . . . 32
1963 . . . . . . . . . 84 1973 . . . . . . . . . 28 1983 . . . . . . . . . 44
1964 . . . . . . . . . 71 1974 . . . . . . . . . 27 1984 . . . . . . . . . 46
1965 . . . . . . . . . 71 1975 . . . . . . . . . 28 1985 . . . . . . . . . 42
1966 . . . . . . . . . 57 1976 . . . . . . . . . 31 1986 . . . . . . . . . 45
1967 . . . . . . . . . 63 1977 . . . . . . . . . 22 1987 . . . . . . . . . 33
1968 . . . . . . . . . 55 1978 . . . . . . . . . 30 1988 . . . . . . . . . 42
1969 . . . . . . . . . 47 1979 . . . . . . . . . 25 1989 . . . . . . . . . 32


1990 . . . . . . . . . . 26 2000 . . . . . . . . 18 
1991 . . . . . . . . . . 26 2001 . . . . . . . . 15a
1992 . . . . . . . . . . 26 2002 . . . . . . . . 18 
1993 . . . . . . . . . . 20 2003 . . . . . . . . 16 
1994 . . . . . . . . . . 22 2004 . . . . . . . . 15 
1995 . . . . . . . . . . 25 2005 . . . . . . . . 16 
1996 . . . . . . . . . . 28 2006 . . . . . . . . 14 
1997 . . . . . . . . . . 21
1998 . . . . . . . . . . 18
1999 . . . . . . . . . . 17

Sources:  U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves.  Energy Information Administration, Washington, DC.  Nebraska Energy Office, Lincoln, NE.

Note:  a The estimate is less accurate than previous years’ estimates, because the level of information is inadequate.

This table was updated on March 24, 2008.  Typically, there is one year between updates.

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