Definitions for "Proved reserves"
Proved reserves can be estimated with reasonable certainty to be recoverable under current economic conditions. Current economic conditions include prices and costs prevailing at the time of the estimate. Proved reserves may be developed or undeveloped.
Estimates of the amount of oil or natural gas believed to be recoverable from known reservoirs under existing economic and operating conditions.
the amount of oil or gas that can be produced economically from known reservoirs. Capital investment is required to achieve production.
Keywords:  rathole