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Alaska proved reserves increased in 2024, while nationwide proved reserves fell

Oil and gas producers operating in Alaska reported increases in proved reserves in 2024 at a time when low prices triggered a decrease in…

Source EIA AI Summary Updated April 29, 2026

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Freshness Stale Updated April 29, 2026

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Oil and gas producers operating in Alaska reported increases in proved reserves in 2024 at a time when low prices triggered a decrease in nationwide proved reserves, according to our recently released U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2024 report. Alaska's crude oil and lease condensate proved reserves increased 5%, and natural gas proved reserves increased nearly 7% in 2024.

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