Definition of Revisions and additions (gross change inreserves)

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TeachMeFinance.com - explain Revisions and additions (gross change inreserves)



Revisions and additions (gross change inreserves)

The term 'Revisions and additions (gross change inreserves)' as it applies to the area of energy can be defined as ' The difference (plus or minus) between the year-end reserves plus production for a given year and the year-end reserves for the previous year'.

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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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