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  2. Proven reserves - Wikipedia

    en.wikipedia.org/wiki/Proven_reserves

    Proven reserves are a subset of producible reserves. Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil and gas reserves and coal reserves. It is defined as the "quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering ...

  3. List of countries by proven oil reserves - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to

  4. Oil and gas reserves and resource quantification - Wikipedia

    en.wikipedia.org/wiki/Oil_and_gas_reserves_and...

    Oil and gas reserves denote discovered quantities of crude oil and natural gas (oil or gas fields) that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing.

  5. Oil reserves in the United States - Wikipedia

    en.wikipedia.org/wiki/Oil_reserves_in_the_United...

    Consuming less or importing more oil prolongs the useful life of existing oil reserves. Between 1970 and 2007, due to declining production and increasing demand, net US imports of oil and petroleum products increased from 3.16 million barrels per day (502 × 10 ^ 3 m 3 /d) in 1970 to 12.04 million barrels per day (1.914 × 10 ^ 6 m 3 /d) in ...

  6. Oil and Gasoline Fast Facts

    www.aol.com/news/oil-gasoline-fast-facts...

    Read CNN’s Fast Facts about oil and gas and learn more about crude oil reserves and production around the world.

  7. Reserves-to-production ratio - Wikipedia

    en.wikipedia.org/wiki/Reserves-to-production_ratio

    The reserve portion of the ratio is the amount of a resource known to exist in an area and to be economically recoverable (proven reserves). The production portion ( denominator ) of the ratio is the amount of resource produced in one year at the current rate.

  8. Most of Basin's oil and gas reserves untapped - AOL

    www.aol.com/news/most-basins-oil-gas-reserves...

    Nov. 24—Starting with a model of the Texas economy when he was a young professor at Baylor University, economist Ray Perryman of Odessa built a global system that lets him analyze thousands of ...

  9. World energy resources - Wikipedia

    en.wikipedia.org/wiki/World_energy_resources

    These are the proven energy reserves; real reserves may be four or more times larger. These numbers are very uncertain. Estimating the remaining fossil fuels on the planet depends on a detailed understanding of Earth's crust. With modern drilling technology, we can drill wells in up to 3 km of water to verify the exact composition of the ...