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Stuart Hampton

The Top 10 US Oilfields — Good News For Texas

by Stuart Hampton | Dun & Bradstreet Editor

April 8, 2015 | No Comments »

OilfieldsAccording to an April 2015 EIA Report, the Top 100 oil fields as of December 31, 2013, accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves. This represented  some 56% of the US total of 36.5 billion barrels.

As a measurement of the boom in oil exploration and production over the last few years, the 2013 total of 36.5 billion barrels was up from 13.9 billion barrels of proved reserves in 2009.

While the EIA report highlights the top 100 fields, this blog post simply lists the Top 10. That Top 10 list has some good news for Texas, which boasts four top ten fields, followed by Alaska (two), the Gulf of Mexico (two), and one each in California and Colorado.

The list below has the name and location of these fields, the estimated 2013 production (in thousands of barrels), and the year the field was discovered:

  1. EAGLEVILLE (EAGLE FORD SHALE), Texas   238,050    2009
  2. SPRABERRY TREND AREA,Texas    99,787   1949
  3. PRUDHOE BAY, Alaska   79,080   1967
  4. WATTENBERG, Colorado   47,259   1970
  5. BRISCOE RANCH (EAGLE FORD SHALE), Texas   62,046   1962
  6. KUPARUK RIVER, Alaska   29,487   1967
  7. MISSISSIPPI CANYON BLK 778 (THUNDER HORSE), Federal Gulf   15,833   1999
  8. WASSON, Texas   19,996   1937
  9. BELRIDGE SOUTH, California   23,703    1911
  10. GREEN CANYON BLK 699 (ATLANTIS), Federal Gulf   27,346   1998

Even though the current climate of low oil prices has caused a pullback in new shale oil field exploration and production across the US, this list shows that there is plenty of oil in place for when higher oil prices return, allowing production to take off again.

It also shows that Texas has the bragging rights. The state that claimed the industry-changing Spindletop gusher in the early 1900s also claims the industry-changing Eagle Ford Shale finds of the 2000s. The Eagleville field alone accounted for 37% of the total production of the Top 10 fields combined in 2013.

 

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