crude oil and lease condensate proved reserves
reached the topmost level since 1972, and natural gas proved reserves
exceeded last year's record level.
Total estimated proved reserves
at year-end 2014 were 122.
total) of proved reserves
of crude oil and lease condensate in 2012.
At the current rate of consumption, it appears that the world's proved reserves
will be consumed in approximately 30 or 40 years.
The prices used to calculate proved reserves
for year-end 2008, when Pioneer's proved reserves
were last reported, were $44.
Increase in liquids proved reserves
(crude oil/condensate/natural gas liquids) by 100 percent year-over-year
Louisiana, Arkansas, Texas, Oklahoma, and Pennsylvania were the leading states in adding new proved reserves
of shale gas during 2009," he said.
00 per Mcf for natural gas, calculated using SEC mandated methodology, the present value of estimated future net revenues, before income taxes, discounted at 10 percent (PV-10), attributable to the estimate of total proved reserves
Total Proved Reserves
Increase 36% Panhandle's estimated total proved reserves
We are particularly excited about reaching the 100 Bcfe benchmark in proved reserves
, which we achieved mostly through the drill-bit," commented William S.
The proved reserves
as of December 31, 2009 are calculated based on new Securities and Exchange Commission ("SEC") guidelines that went into effect for the Company's yearend 2009 oil and gas reserve reporting.
Swift Energy's proved reserves
are located in South Louisiana (55% of proved reserves
), South Texas (18%), Toledo Bend in East Texas and Central Louisiana (14%), and New Zealand (13%).