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TeachMeFinance.com - explain Recoverable proved reserves Recoverable proved reserves The term 'Recoverable proved reserves' as it applies to the area of energy can be defined as ' The proved reserves of natural gas as of December 31 of any given year are the estimated quantities of natural gas which geological and engineering data demonstrates with reasonable certainty to be recoverable in the future from known natural oil and gas reservoirs under existing economic and operating conditions'. Previous 5 Terms: Record Event Report Recoupment Recourse loan program Recoverability Recoverable coal Next 5 Terms: Recoverable reserves Recoverable reserves, estimated recoverable reserves(coal) Recovery factor (coal) Recovery percentage (coal) Recreation About the author 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.