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What is the difference between assessed oil and gas “resources” and “reserves”?

Reserves” are quantities of oil and gas that are already discovered, recoverable, and commercial. Domestic reserves are tracked by the U.S. Energy Information Administration.

The USGS assesses “undiscovered, technically recoverable resources,” which are those that are estimated to exist based on geologic knowledge and theory. 

Learn more: USGS Energy Resource Assessments