...the estimated quantities which geological or engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions. In general, they include only the producible content of the explored portions of reservoirs,1 and in...

...natural gas liquids are those which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions. They do not include oil in unproved portions of partly developed fields, or in strata favorable to...

...quantities of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions." ~J Proved reserves added in a given year, are reported in three classifications: A. New reserves discovered...

...quantities of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions. In general they include only the producible content of the explored portions of the reservoirs, and...

...quant it leu of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions." •/ Proved reserves added in a given year, are reported in three claBsificatlons: A. New_rpf.cryes_...

...include only those quantities that geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions. At the time a reservoir is discovered, not enough is known to permit classification as proved reserves...

...quantities of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions." What this means quite simply is that "proved reserves" are the ready shelf inventory of the industry....

...quantities of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions . "Reservoirs are considered proved if their producibility is supported by either actual production...

...to be those quantities of crude that geological and engineering data show with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions. Economic producibility is evidenced by either actual production or conclusive formation tests.17' Indicated...

...oil resources — or even a close approximation. Rather, proved reserves are defined as an estimate of the amount of oil or natural gas believed to be...under existing economic and operating conditions. They are only a small portion of oil resources — a working inventory, so to speak. As they are used,...