Millions of Barrels of Oil Are About to Vanish

``Now the stakes are higher. Of all the proved reserves of oil and natural gas liquids found by the 44 companies since 2008, more than half -- 5.4 billion barrels out of the 9.7 billion -- is attributed to wells that don't exist yet, according to data compiled by Bloomberg. "We're going to see a lot of proved undeveloped reserves get vaporized," said Ed Hirs, a managing director at Houston-based Hillhouse Resources LLC''