proved reserves
Definition
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.
News containing the term proved reserves
Loading...
http://www.businessdictionary.com/definition/proved-reserves.html
