Definition of Reserve additions

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TeachMeFinance.com - explain Reserve additions



Reserve additions -- 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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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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