More than half of the increase in proven U.S. oil reserves came from Texas and most of that came from two shale basins, a U.S. federal report found. A full-year 2014 profile from the U.S. Energy Information Administration found total U.S. proved oil reserves of 39.9 billion barrels marked a 9 percent increase from the previous year. Total reserves for that year where their highest since 1972. “U.S. crude oil proved reserves increased in 2014 for the sixth year in a row with a net addition of 3.4 billion barrels of proved oil reserves,” the EIA’s report read. Several years of oil priced above $100 per barrel made shale oil exploration and production in […]