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for defining and estimating oil and gas reserves . But the challenge is great ..... exchanges must report proved oil and gas reserves in unaudited sections of the ..... estimation standards through its Oil and Gas Reserves Committee (OGRC). OGRC Chairman
By OGJ editors HOUSTON, Jan. 27 -- Spain's Repsol YPF SA has cut its estimate for proved oil and gas reserves by 1.254 billion boe, a 25% reduction from the yearend 2004 estimate it reported last year. Repsol YPF cited "changes in
BP PLC tried recently to quell renewed concerns by some industry observers that world oil reserves are running out sooner than expected.
US proved reserves of natural gas and crude oil have increased for the fourth consecutive year, the US Energy Information Administration reported.
Despite strong production gains and the absence of major discoveries, worldwide reserves of crude oil and natural gas increased in 1996. Reserves of crude oil rose by 11.4 billion bbl during the year, natural gas by 1l.6 tcf, according to Oil & Gas Journal estimates based on an annual survey of ...
Canadian oil and gas reserves continued to slide in 1991. The Canadian Petroleum Association said oil reserves declined 2.9% last year and natural gas reserves
The Energy Information Administration reports U.S. oil reserves dropped 6% and natural gas reserves 1.3% in 1991. EIA Administrator Calvin Kent said the oil reserves drop, the largest since 1977, was not surprising due to falling oil and gas prices and a 20 year low in the count of active drilling
Jerry Paul Brashear The Brashear Group LLC Potomac, Md. Alan B. Becker Modern Energy Concepts Jefferson City, Mo. Michael L. Godec, Peter M. Crawford ICF Resources Inc. Fairfax, Va. Success in oil and gas exploration and production sounds deceptively simple: Produce and replace reserves so as to ...
By OGJ editors HOUSTON, Oct. 4 -- Worldwide oil and gas reserves climbed 3% in 2009 as capital spending declined ..... last year to $378 billion. During 2009, both oil and gas reserves grew for the first time since 2005, and production
Engineers (SPE) methods for oil and gas reserves definitions. The SEC regulates ..... that the SEC adopt SPE’s oil and gas reserves definitions and rely on the SPE’s Oil and Gas Reserves Committee (OGRC) to update