The author of this article said the same. It is not correct.
Maybe they meant all liquids including natural gas liquids. I’ve seen reporting of liquid petroleum numbers that way then someone else thinks it is all oil.
The numbers were higher than I’d seen elsewhere, which is why I was surprised by them, but it’s hardly my area of expertise.
What have the numbers been in, say, the last 10 years?
From the prices, it looks like we’re closing the flooding the market for natgas. At some point, either we start exporting or price will drop below that which makes further drilling attractive.