proved reserves definition

proved reserves

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. Also called measured reserves or proved energy reserves. See also proved developed reserves and proved undeveloped reserves.

proved reserves is in the Economics, Politics, & Society subject.

proved reserves appears in the definitions of the following terms: energy reserves and demonstrated reserves

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