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 ?
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.
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.
Company Increases Proved Developed Reserves by 311% since March 2014 East Kansas Acquisition
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.
Proved developed reserves increased to 644 Bcfe at December 31, 2014, a 159% increase from year-end 2013 pro forma figures
The pre-tax PV10 value of proved developed reserves was $5.
Antero added 22 Utica wells to proved developed reserves in the six months ended June 30, 2014, consisting of 4 rich gas (1100-1200 Btu), 2 highly-rich gas (1200 to 1225 Btu), 3 highly-rich gas/condensate (1225 to 1250 Btu) and 13 condensate (1250 to 1300 Btu) wells.
Total net proved developed reserves for the Spyglass Project from the September report were 1,126,000 barrels of oil and 514,000 MCF of gas.
Additionally, ATLS owns an interest in over 8,500 producing natural gas and oil wells, representing over 185 Bcfe of net proved developed reserves.
The assets contained an estimated 205 Bcfe of proved developed reserves as of September 30, 2012 and were producing approximately 52 MMcfed from 284 gross operated wells at closing.
The assets contain an estimated 205 Bcfe of proved developed reserves as of September 30, 2012 and are currently producing 59 MMcfed net from 284 gross operated wells.