developed reserves

developed reserves

[də′vel·əpt ri′zərvz]
(mining engineering)
Ore that is exposed on three sides and for which tonnage yield and quality estimates have been made. Also known as assured mineral; blocked-out ore; developed ore; measured ore; ore in sight.
References in periodicals archive ?
Proved developed reserves for the acquired interest are estimated at approximately 9m barrels of oil.
Proved Developed reserves accounted for 78% of the Total Proved reserves value Approximately 75% of Proved reserves were crude oil (boe basis) The net asset value on a 2P NPV10% valuation is approximately $40.
At the Platanillo field we have increased production capacity significantly, we have drilled four new wells successfully, increasing proven developed reserves, de-risked the northern lobe of the block and moved forward the export pipeline project to be built under the river into Ecuador, which we expect to be operational by the end of 2014.
The property includes around 47 billion cubic feet equivalent of proved developed reserves (63 percent natural gas) and production of around 11 million cubic feet equivalent per day.
The company said the decision was made in response to declining gold prices and to cut costs while conserving developed reserves.
The positive outlook reflects the potential for the company's announced plans for debt reduction and reduced production growth objectives to reduce leverage on production volumes and proved developed reserves to levels that would be consistent with a Ba1 CFR rating over the next twelve months.
They include about 35 million tons of developed reserves at Pittston's Kanawha River operations in Fayette County and about 265 million tons of undeveloped reserves in Barbour, Fayette, Harrison, Kanawha, Logan, and Putnam counties.
Proteus Energy's proved developed and undeveloped reserves at December 31, 2011 were 1,965,135 barrels of oil equivalent (BOE), of which 199,847 BOE were proved developed reserves.
As of 31 December 2014, the company said it had proved undeveloped reserves and proved developed reserves of approximately 89 MMBbls of oil, 42 MMBbls of NGLs, and 317 billion cubic feet of gas; and owned interests in six gas processing plants and eight treating facilities
With increasing oil production from the Woodrush field and the commencement of a much larger development of our proven reserve at Gibson Gulch in the fourth quarter, Dejour is now firmly on a path of growth in production, profit and developed reserves.
The reserves include Pittston's Kanawha River operations in Fayette County with 35 million tons of developed reserves and 265 million tons of undeveloped coal seams in Kanawha, Logan, Putnam, Barbour, Fayette, and Harrison counties.
NYSE: ATLS) is a master limited partnership which owns an interest in over 8,500 producing natural gas and oil wells, representing over 185 Bcfe of net proved developed reserves.