TeachMeFinance.com - explain Reserve additions
Reserve additions The term 'Reserve additions' as it applies to the area of energy can be defined as ' The estimated original, recoverable, salable, and new proved reserves credited to new fields, new reservoirs, new gas purchase contracts, amendments to old gas purchase contracts, or purchase of gas reserves in-place that occurred during the year and had not been previously reported. Reserve additions refer to domestic in-the-ground natural gas reserve additions and do not refer to interstate pipeline purchase agreements; contracts with foreign suppliers; coal gas, SNG, or LNG purchase arrangements'.
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