...net recoverable reserves. For purposes of this instruction, "proved reserves" are defined to be those estimated quantities of crude oil. natural gas and...recoverable in future years from known reservoirs based upon prices and costs existing at the time the estimate is made. Reservoirs are considered proved...

...and engineering data demonstrate with reasonable certainty as of December 31 of the year concerned to be recoverable in future years from known reservoirs...under existing economic and operating conditions. Reservoirs are considered proved if economic producibility is supported by either actual production...

...and engineering data demonstrate with reasonable certainty as of December 31 of the year concerned to be recoverable in future years from known reservoirs...under existing economic and operating conditions. Reservoirs are considered proved if economic producibility is supported by either actual production...

...will be discovered in the future. 2. Proved reserves2° include estimated quantities of crude oil that geological and engineering data demonstrate with reasonable certainty to be recoverable in the future from known oil reservoirs under existing economic and operating conditions. 3. Future recoverable...

...Jointly. The API reports "proved" reserves, which are "... the estimated quant it leu of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions." •/ Proved reserves added...

...Association jointly. The API reports "proved" reserves, which are "... the estimated quantities of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions." ~J Proved reserves added in...

...reserves as of Dec. 31, 1969," API said. Proved reserves of crude oil and natural gas liquids are those which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions. They do not include oil in...

...by the American Petroleum Institute. These proved reserves are the estimated quantities of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from known reservoirs under existing economic and operating conditions. In general they include only...

...reserves reported as of December 31 of any given year are the estimated quantities of the resource which geological and engineering data demonstrate...under existing economic and operating conditions. Discoveries Discoveries reported as of December 31 for any giver, year are proved reserves credited...

...defined as follows: Proved reserves of crude oil are defined as the estimated quantities of crude oil which geological and engineering data demonstrate with reasonable certainty to be recoverable from know reservoirs under existing economic and operating conditions. Proved reserves include identified...