• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

EIA revises down oilsands reserve drop by about a third after data error

June 13, 20172:38 PM The Canadian Press0 Comments

CALGARY – The U.S. Energy Information Administration has revised down its estimate of how much oilsands reserves were taken off the books last year because of a data error.

In an updated brief out Tuesday, the EIA reports that 67 U.S.-listed companies debooked about 4.9 billion barrels of reserves in the oilsands, down from the 7.7 billion it reported Monday.

The EIA had included the 3.5 billion barrels of reserves debooked by Exxon Mobil, plus the roughly 2.8 billion barrels of reserves Imperial Oil (TSX:IMO) debooked, though Exxon had included Imperial’s numbers in its own reporting as a 70 per cent owner of the company.

The writedowns came after the West Texas Intermediate oil price averaged US$43.44 per barrel in 2016, down 11 per cent from US$48.83 per barrel in 2015.

U.S.-listed companies are required to use price averages for the past year in calculating reserves, while Canadian rules allow companies to use forward-looking prices.

Exxon Mobil Imperial Oil

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • PrairieSky Announces Second Quarter 2025 Results
  • US natgas prices jump 5% to 1-week high on hotter weather forecasts, rising LNG exports
  • US delays rule on Gulf of Mexico whale protections by two years
  • Venture Global begins producing LNG from Phase 2 of Plaquemines plant, sources say
  • Goldman Sachs raises Brent second-half 2025 price forecast by $5 to $66 a barrel

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.