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producing reserves

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producing reserves [prə′düs·iŋ ri‚zərvz]
(petroleum engineering)
Developed (proved) petroleum reserves to be produced by existing wells in that portion of a reservoir subjected to full-scale secondary-recovery operations.


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Based upon engineering reports and certain standard assumptions, this is expected to add approximately 204,000 BOE in proved developed producing reserves net to FieldPoint based on a $70.
Over 40% of the total proved reserves are developed with proved developed producing reserves of 2.
Currently, Seneca's efforts are focused on evaluating, exploring and developing reserves in the Appalachian basin, economically producing reserves in California and exploiting opportunities in the shallow waters of the Gulf of Mexico.
 
 
 
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