With Iraq's 143.1 billion barrels (2.275×1010 m3) of proved oil reserves, it ranks second in the world behind Saudi Arabia in the amount of Oil reserves; yet the United States Department of Energy estimates that up to 90% of the country remains unexplored. These regions could yield an additional 100 billion barrels (1.6×1010 m3). Iraq's oil production costs are among the lowest in the world, but only about 2,000 oil wells have been drilled in Iraq, compared with about 1 million wells in Texas alone.
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