producing reserves

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.
References in periodicals archive ?
P to buy total reserves of approximately 47 million barrels of oil equivalent of oil and natural gas liquids, comprising proved developed producing reserves of approximately 25 Mmboe, for $420 million.
proved and developed producing reserves ('PDP') have been
1 times Penn West's current internal estimate of the proved plus probable producing reserves value discounted at 10 percent.
Substantially all of the value is attributable to proved developed producing reserves.
PGP will acquire producing reserves or other long-term gas supplies and create discounts and economies of scale for everyone in the group, and in turn, their customers.
Proved as well as probable developed producing reserves at December 31, 2012, as assessed by GLJ Petroleum Consultants Ltd.
That new production has associated Proved Producing reserves of 65 BCFe.
Based upon engineering reports and certain standard assumptions, this is expected to add approximately 41,000 BOE in proved developed producing reserves net to FieldPoint.
Organic growth through the drill bit at the Company-operated Catalina unit accounted for the majority of the increase in proved developed producing reserves from 12/31/07 to 6/30/08 of 28.
In connection with this acquisition, Abraxas Energy has entered into options to purchase NYMEX-based fixed price swaps on a significant portion of the estimated production from the acquired properties' current proved developed producing reserves for the period February 2008 through December 2011.
Corporate strategy continues to focus on the accumulation of proven and proven producing reserves allowing potential investors the leverage of the physical commodity for which its lease acreage controls.
5 million BOE of proved developed producing reserves, 1.