You will get about 100 of them. The EAI has used USGS estimates since its inception 1974, and still do.
The Energy Information Administration estimates US undiscovered, technically recoverable oil resources to be an additional 198 billion barrels.[2][3]
Since 2000 the USGS has been re-assessing basins of the U.S. that are considered to be priorities for oil and gas resources. Since 2000, the USGS has re-assessed 22 priority basins, and has plans to re-assess 10 more basins. These 32 basins represent about 97% of the discovered and undiscovered oil and gas resources of the United States"
When the EIA refers to Reserves and especially recoverable Reserves they use the data that is supplied to the US and State authorities from reporting companies and State regulators (example RRC in TX). They do not use the USGS numbers (which are derived in a totally different fashion for completely different reasons) for anything other than a reference to Resources (which are what technically recoverable reserves are). Read the the page I linked to at EIA, it tells you what they do. The USGS does not talk about the term Reserves (which by definition refers to that which is economically recoverable under the average price of that year) other than it all gets wound up in their over view of what might be recovered eventually from the various basins they inspect. So pull your head out of your backside. You have been instructed numerous times as to what the official terms Reserves, Proven, Probably, Possible, Contingent Resource, Possible Resource etc mean and that Technically Recoverable Reserves is a USGS only term that refers to ultimate recovery irrespective of current price. Not sure why you don't get the fact that Reserves do not disappear....they become Resources when the price drops below their economic level and then they are elevated back to Reserves once the price returns or moves ever higher. I repeat the EIA numbers on Reserves are derived from in their own words:
(EIA) starts with the data filed on Form EIA-23L, Annual Report of Domestic Oil and Gas Reserves, which was submitted by 450 of 467 sampled operators of U.S. oil and natural gas fields. EIA then estimates proved reserves for the U.S., states, and state subdivisions.
The industry can no longer replace its reserves, its revenue has fallen by more than half in the last 3 years, and its profit margin has vanished. The petroleum industry is a dying industry. King oil has now become the Poor Cousin.
IT amazes me how a "dying industry" can still keep paying salaries, drilling wells, pay rent, a large part of the tax revenue you mooch off of, provide the materials for all the countless toys you play with, etc, etc. If you knew how to read a balance sheet and understood how the oil and gas business worked you might be dangerous....you aren't however. Lets look at XOM as an example. If you look at their 2016 filings you would see that the only reason liquid reserve replacement fell below 100% (which it has been above since 2007) was because of a write down in some of their heavy oil holdings. That write down does not constitute lost oil but rather reserves which have been demoted to resources but which will return to reserves again at average prices above $50. When that happens XOM will show a full reserve replacement once again. That is the way it works.
