HEROLD PINPOINTS RESERVES REPLACEMENT COST

Reserves replacement cost at an average of $5/bbl or less may be about the best industry can do, says a spokesman for John S. Herold Inc., Greenwich, Conn. Herold's annual reserve replacement cost analysis (OGJ, June 10, Newsletter) assesses the finding cost performance of a group of 76 companies representing 47.1 billion bbl of proved oil reserves and 228 tcf of gas reserves. Key results of the analysis include:

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Reserves