Definition of Proved energy reserves

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TeachMeFinance.com - explain Proved energy reserves



Proved energy reserves

The term 'Proved energy reserves' as it applies to the area of energy can be defined as ' This term is equivalent to 'Measured Reserves' as defined in the resource/reserve classification contained in the U.S.Geological Survey Circular 831, 1980. Measured and indicated reserves, when combined, constitute demonstrated reserves'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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