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Probable Reserves

Probable Reserves news and technical articles from Oil & Gas Journal. Search Probable Reserves latest and archived news and articles

  1. Encana to acquire Eagle Ford acreage for $3.1 billion

    Online Articles

    Wed, 7 May 2014

    inventory of more than 400 locations. At yearend 2013, net proved reserves totaled 59 million boe while net proved and probable reserves totaled 69 million boe. Production from the acreage in the first quarter included 46,000 b/d of total liquids

  2. LGO to log first Goudron redevelopment well

    Online Articles

    Wed, 14 May 2014

    On pump, the field has produced a total of less than 4 million bbl from primary production. LGO said proved and probable reserves in currently productive zones are estimated at 7.2 million bbl. Proved, probable, and possible reserves are

  3. EnQuest eyes second-half Alma-Galia start

    Online Articles

    Fri, 16 May 2014

    phase. It said drilling results to that point had met or exceeded expectations. The expansion increased proved and probable reserves to 34 million boe from 29 million boe. EnQuest holds a 65% interest. Kuwait Foreign Petroleum Exploration Co

  4. Investors watch with interest as Mexican energy reforms unfold

    Online Articles

    Tue, 23 Sep 2014

    The areas contain 3,782 million boe in proved and probable reserves , and 14,606 million boe in prospective resources ..... granted more than 90% of the country’s proved and probable reserves , totaling 21 billion boe, and 83% of its prospective

  5. Loyz Energy to buy stake in Thai licenses

    Online Articles

    Wed, 5 Mar 2014

    licenses so far this year in a 15-well program. All three wells had oil shows and await test results. Proved and probable reserves , according to a December 2012 assessment by Chapman Petroleum Engineering Ltd. for the operator, are 29.3 million

  6. OGJ Newsletter

    Magazine Articles

    Mon, 25 Nov 2013

    only 4% has been recovered. The properties produce 60 b/d of oil equivalent, 75% oil, and have proved plus probable reserves of 224 million boe. As many as 75 horizontal drilling locations are identified, and upside reserve potential exists

  7. IOC to buy stake in proposed PNW LNG terminal

    Magazine Articles

    Mon, 17 Mar 2014

    from northeast British Columbia. An independent yearend 2013 evaluation has estimated the NMJV total proven and probable reserves additions in 2013 to be 960 million boe (5.76 tcfe), a 211% increase from the yearend 2012 balance of 450 million

  8. OGJ Newsletter

    Magazine Articles

    Mon, 21 Apr 2014

    d, which Black Diamond plans to increase by 22,000 b/d starting in May, the company said. With proved and probable reserves totaling 607 million bbl of an estimated 1.7 billion bbl of oil in place, Taq Taq—Kurdistan region's largest

  9. Vermilion to buy gas producing fields in northwest Germany

    Online Articles

    Wed, 6 Nov 2013

    production licenses, are expected to average 18 MMcfd net in 2013, and have consultant-estimated proved plus probable reserves of 10.1 million boe net as of yearend 2013. The active wells produce from the Permian Zechstein Stassfurt carbonate

  10. Energy XXI, EPL Oil & Gas to merge in $2.3 billion deal

    Online Articles

    Wed, 12 Mar 2014

    b/d of oil ( OGJ Online, Oct. 23, 2013 ). The properties being sold are estimated to contain net proved and probable reserves of 106.3 million boe, 71% of which is oil. Proved reserves are estimated at 54.9 million bbl of oil and 139

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