proved reserves

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Proved Reserves

The estimated amount of a natural resource, especially an energy resource, that has been measured with reasonable certainty and is obtainable with existing equipment and under current operating conditions. Proved reserves are important to energy companies that wish to extract as much of a resource as possible at the least amount of risk. See also: Developmental oil and gas partnership.

proved reserves

The quantity of minerals expected to be recoverable under current economic and operating conditions. The amount of proved reserves is important in valuing the stock of a company with significant holdings in natural resources.
References in periodicals archive ?
We have established a low overall cost structure and have numerous infield well locations with proven reserves waiting to be developed," concluded Mr.
4 trillion cubic feet equivalent of proven reserves at the end of the second quarter.
In comparison, Peoples Energy Production's first quarter fiscal 2006 production averaged 64 MMCFE/day, and fiscal year-end 2005 proven reserves totaled 181.
50/mcfe of proven reserves versus Chesapeake's current leverage of approximately $0.
Forward-Looking Statement: The statements in this press release regarding the newly drilled wells, amount of gas production being derived from the wells, continued drilling efforts, actual and anticipated market conditions, the actual size of and success of the Coal Creek development program, the ability of Petrol to add to its proven reserves, any implied or perceived benefits from the Company's CBM assets, and any other effects resulting from any of the above are forward-looking statements.
Fitch anticipates debt to thousand cubic feet equivalent (mcfe) of proven reserves to approximate $0.
strategy is to build a strong asset value through the acquisition of oil & gas properties with proven reserves or producing/capped wells initially in the Russian Federation.
As part of the transaction, Apache will book 61 million barrels of oil equivalent (boe) of proven reserves at a per barrel cost of $8.
5% working interest of a large field, known as the Rozhdestvenskoe oil site, with proven reserves of:
Strat Petroleum's corporate strategy is to build strong asset value through the acquisition of licenses for oil and gas properties with proven reserves and where possible with producing or capped wells, initially in the Russian Federation.
TransGlobe's proven reserves in the Tasour field (13.
As previously announced, Denbury estimates that the proven reserves for this acquisition will be approximately 14.