Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their total proved reserves estimates, the Energy Information Administration (EIA) said on Friday. The annual report from the EIA showed that proved reserves of crude oil and lease condensate remained basically the same in 2019 as in 2018, with a very slight increase of 0.1 percent. Proved reserves of natural gas, on the other hand, dropped by 1.9 percent, according to EIA’s data through the end of 2019. In that year, crude oil prices were generally lower than oil prices in 2018, with the price of the U.S. benchmark, West Texas Intermediate (WTI) crude oil, averaging $57 per barrel, down by $7 a barrel compared to 2018. “Lower crude oil prices in 2019 caused many operators to revise their total proved reserves estimates […]