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.

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crude oil and lease condensate proved reserves reached the topmost level since 1972, and natural gas proved reserves exceeded last year's record level.

United States : EIA - U.S. oil and natural gas reserves both increase in 2014

Proved reserves are estimated volumes of hydrocarbon resources considered with reasonable certainty to be recoverable under existing economic and operating conditions.

U.S. oil reserves return to 1975 level

total) of proved reserves of crude oil and lease condensate in 2012.

Marcellus no. 1 among Shale plays, EIA report for 2012 says

As of 30 September 2010 approximately 60% of the company's total proved reserves, or 62.

Panhandle Oil & Gas Inc reports 74% hike in proved reserves

I am pleased that our total additions to proved reserves from extensions and discoveries were 200 percent of our record 2008 production.

RAM Energy Resources Reports 2008 Proved Reserves Estimates

At the current rate of consumption, it appears that the world's proved reserves will be consumed in approximately 30 or 40 years.

Energy's future: the world need never run out of energy. In fact, technology and private enterprise are poised to bring us an abundance of energy--if government will just get out of the way

Louisiana, Arkansas, Texas, Oklahoma, and Pennsylvania were the leading states in adding new proved reserves of shale gas during 2009," he said.

Shale development drives U.S. proved reserves to highest level since 1971

The company's independent petroleum engineers estimated at 31 December 2009 the present value of its estimated future net revenues from proved reserves discounted at 10%, to be USD137.

Callon Petroleum increases year-end 2009 natural gas and crude oil reserves

The company has reported a preliminary estimate of year-end 2008 proved reserves of around 12.