proved reserves


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proved reserves

[′prüvd ri′zərvz]
(petroleum engineering)
The estimated quantities of crude-oil liquids which with reasonable certainty can be recovered in future years from delineated reservoirs under existing economic and operating conditions.
References in periodicals archive ?
VAALCO Energy announced year-end 2017 proved reserves rose to 3M barrels of oil equivalent, up 15% from 2.
proved reserves of crude oil and lease condensate increased for the fifth year in a row in 2013 and exceeded 36 billion barrels for the first time since 1975.
But despite big gains in the Marcellus and Eagle Ford shale gas plays, low natural gas prices drove down natural gas proved reserves in 2012, ending a 14-year run of consecutive increases in gas reserves.
Oil and natural gas company Panhandle Oil and Gas Inc (NYSE:PHX) reported on Monday estimated total proved reserves of 103.
International Resource News-12 March 2009-RAM Energy Resources Reports 2008 Proved Reserves Estimates(C)2009 ENPublishing - http://www.
Energy Information Agency, proved reserves (meaning oil that can be recovered from existing reservoirs under current operational and economic conditions) totaled some 21.
IRVING, Texas -- Exxon Mobil Corporation (NYSE:XOM) announced today that additions to its proved reserves in 2009 totaled 2.
natural gas proved reserves, estimated as "wet" gas which includes natural gas plant liquids, increased by 11% in 2009 to 284 Tcf, the highest level since 1971, according to the U.
Oil and gas company Callon Petroleum Company's (NYSE:CPE) 2009 year ended with a 6% increase in the estimated net proved reserves of natural gas at 58.
7 million barrels of crude oil or 582Bcf equivalent of natural gas (Bcfe), as compared to total proved reserves as of December 31, 2007 of 651Bcfe.
DALLAS -- Pioneer Natural Resources Company (NYSE:PXD) today announced that the Company added proved reserves totaling 52 million barrels oil equivalent (MMBOE) during 2009 from discoveries, extensions and technical revisions.