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More than 50% of the United States oil reserves come in the form of unconventional shale oil, with Texas alone containing 60 million barrels of this type of fossil fuel.
The weakness in prices could have a profound effect on some states that rely on oil production. Based on data from the EIA, the 10 states with the most proven oil reserves accounted for more than 80% of total U.S. reserves in 2013. Texas, the state with the most proven reserves, had nearly 10.5 billion barrels, nearly double the reserves of North Dakota, the state with the second most reserves.