Probable Reserves

Some articles on reserves, probable reserves, probable:

Proven Reserves - More Terms
... with the business/political term proven reserves ... The term proven reserves is further subdivided into proved developed reserves and proved undeveloped reserves ... Note that it DOES NOT include Unproven reserves, which is broken down into probable reserves as well as possible reserves - which are those reserves that only have a 10 ...
Oil Reserves - Classifications - Unproven Reserves
... Unproven reserves are based on geological and/or engineering data similar to that used in estimates of proven reserves, but technical, contractual, or regulatory uncertainties preclude such reserves being classified ... Unproven reserves may be used internally by oil companies and government agencies for future planning purposes but are not routinely compiled ... They are sub-classified as probable and possible ...
Hydrocarbon Exploration - Reserves and Resources - Definition of Oil Reserves
... Oil reserves are primarily a measure of geological risk - of the probability of oil existing and being producible under current economic conditions using current ... The three categories of reserves generally used are proven, probable, and possible reserves ... Proven reserves - defined as oil and gas "Reasonably Certain" to be producible using current technology at current prices, with current commercial terms and government consent- also known ...

Famous quotes containing the words reserves and/or probable:

    ...I want to see a film, they send the Israeli army reserves to escort me! What kind of life is this?
    Golda Meir (1898–1978)

    Thus all probable reasoning is nothing but a species of sensation. ‘Tis not solely in poetry and music, we must follow our taste and sentiment, but likewise in philosophy, When I am convinc’d of any principle, ‘tis only an idea which strikes more strongly upon me. When I give the preference to one set of arguments above another, I do nothing but decide from my feeling concerning the superiority of their influence.
    David Hume (1711–1776)