Defining O&G Reserves: Proved, Recoverable & In-Place

A handy graphic and article from our favorite government agency, the U.S. Energy Information Administration, explains the differences in what companies call their “reserves”–how much gas and oil they have in the ground, ready to be extracted. You often hear or read of “proved reserves.” How does that category differ from “economically recoverable” and “technically recoverable” reserves? And what about this nebulous “oil and gas in place”? EIA’s helpful primer ‘splains it to us…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.