Crossword Solver > found answer > PROVENRESERVES (proven reserves)

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provenreserves

proven reserves

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There are 14 letters in PROVENRESERVES ( E¹N¹O¹P³R¹S¹V⁴ )

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ENS EON ERE ERN ERR ERS ESS EVE NEE NOR NOS OES ONE ONS OPE OPS ORE ORS OSE PEE PEN PER PES PRO REE REP RES REV ROE SEE SEN SER SON SOP SOS VEE VOE

2 letters out of PROVENRESERVES

EN ER ES NE NO OE ON OP OR OS PE RE SO

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Definitions of proven reserves in various dictionaries:

PROVEN RESERVES - Proven reserves, also called measured reserves, 1P, and reserves, are industry specific terms regarding fossil fuel energy sources. They are defined ...

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Proven reserves might refer to
Proven reserves, also called measured reserves, 1P, and reserves, are industry specific terms regarding fossil fuel energy sources. They are defined as a "Quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered a proven reserve if it is probable that 90% or more of the resource is recoverable while being economically profitable. These terms relate to common fossil fuel reserves such as oil reserves, natural gas reserves, or coal reserves. * Operating conditions are taken into account when determining if a reserve is classified as "proven". Operating conditions include operational break-even price, regulatory and contractual approvals, without which the reserve cannot be classified as proven. Price changes therefore can have a large impact on the classification of proven reserves. Regulatory and contractual conditions may change, and also affect the amount of proven reserves. If a reserve's resources can be recovered using current technology but is not economically profitable it is considered "technically recoverable" but cannot be considered a proven reserve. Reserves less than 90% recoverable but more than 50% are considered "probable reserves" and below 50% are "possible reserves".

Proven reserves might refer to

Proven reserves, also called measured reserves, 1P, and reserves, are industry specific terms regarding fossil fuel energy sources. They are defined as a "Quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered a proven reserve if it is probable that 90% or more of the resource is recoverable while being economically profitable. These terms relate to common fossil fuel reserves such as oil reserves, natural gas reserves, or coal reserves.
* Operating conditions are taken into account when determining if a reserve is classified as "proven". Operating conditions include operational break-even price, regulatory and contractual approvals, without which the reserve cannot be classified as proven. Price changes therefore can have a large impact on the classification of proven reserves. Regulatory and contractual conditions may change, and also affect the amount of proven reserves. If a reserve's resources can be recovered using current technology but is not economically profitable it is considered "technically recoverable" but cannot be considered a proven reserve. Reserves less than 90% recoverable but more than 50% are considered "probable reserves" and below 50% are "possible reserves".

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