Search results
Results From The WOW.Com Content Network
Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil and gas reserves and coal reserves. It is defined as the "quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known ...
Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to
As such, reserves are an important means of expressing value and longevity of resources. In the PRMS, the terms 'Resources' and 'Reserves' have distinct and specific meaning with respect to oil & gas accumulations and hydrocarbon exploration in general. However, the level of rigor required in applying these terms varies depending on the ...
Mineral Reserves are subdivided in order of increasing confidence into Probable Mineral Reserves or Proved Mineral Reserves. A Probable Mineral Reserve is the economically mineable part of an Indicated Mineral Resource, and in some circumstances, a Measured Mineral Resources. It includes diluting material and allowances for losses which may ...
CORRECTING and REPLACING ZaZa Energy Updates Proved Reserves for Eagle Ford Trend Assets Outlines Indicative 2013 Budget for Eagle Ford and Eaglebine Development HOUSTON--(BUSINESS WIRE)-- First ...
Reserves are separated into three categories: proved, probable, and possible. To be included in any reserves category, all commercial aspects must have been addressed, which includes government consent. Technical issues alone separate proved from unproved categories. All reserve estimates involve some degree of uncertainty.
Range Proved Reserves Increase 29% to 6.5 Tcfe FORT WORTH, Texas--(BUSINESS WIRE)-- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its proved reserves as of December 31, 2012 ...
ZaZa Energy Updates Proved Reserves for Eagle Ford Trend Assets Outlines Indicative 2013 Budget for Eagle Ford and Eaglebine Development HOUSTON--(BUSINESS WIRE)-- ZaZa Energy Corporation ("the ...