Definition: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - proved reserves map
Synergy Resources increases proved reserves by 40% in its mid-year update
scandoil.com - 5/22/2013 12:04:59 AM
2013 and reported a PV10 value of $208 million on proved reserves of 13.63 million barrels of oil equivalent (BOE) versus a PV10 value of $148 million and 10.66 million BOE for the period ending August 31st, 2012. The largest increase in the ...
Samson Oil & Gas Announces 61% Increase in Proved Reserve Volume & Extends Rights Offer
The Motley Fool - 5/15/2013 8:27:12 AM
This development program is being undertaken adjacent to existing production and has been expected to add significant oil production and reserves to Samson, including the improvement in Proved Reserve ... Petroleum Engineers, World Petroleum Council ...
Samson Oil & Gas announces 61% increase in proved reserve volume
scandoil.com - 5/16/2013 12:50:53 PM
Samson Oil & Gas Limited announced a 61% increase in the independent estimate of its Proved Reserve since January 1st, and an extension of its ongoing shareholders Rights Offering to May 24th in the U.S. and May 31st in Australia. Rights Offering As ...
Walter Williams: We are the idiots for listening to eco-alarmism
Washington Examiner - 5/20/2013 11:59:01 PM
That's an estimated 3 trillion barrels, more than what OPEC has in reserve ... Some people are inclined to call these people idiots. That's wrong. They have been successful in their agenda. It's we who are the idiots for listening to them ...
We Are the Idiots
Human Events (blog) - 5/22/2013 9:30:29 AM
The World Health Organization estimates that malaria ... The next time an environmentalist warns us of a pending disaster or that we are running out of something, we ought to ask: When was the last time a prediction of yours was right?
Cairn says MBA oilfield reserves up 5%
Economic Times - 5/21/2013 9:24:31 AM
India will mandate that all firms offering internet telephony, including Skype owned by software giant Microsoft, must set up a server in the country ... oil equivalent. Cairn in a filing to the stock exchanges said recoverable reserves (Gross ...
Oil found off Namibia for first time
en.starafrica.com - 5/21/2013 10:21:47 AM
The Namibian government and a Brazilian energy firm on Tuesday announced the first discovery of oil off the coast of Namibia, although not in commercial volumes. Reporting findings from an exploratory well in the Walvis Basin off the southwest ...
THE OIL AND GAS MONSTER THAT ATE AMERICA
American Reporter - 5/22/2013 3:03:57 AM
NEW YORK, Oct. 16, 2009 -- In the conspiratorial world it goes something like this: "the largest oil and gas reserves in the world are in - pick a state, usually North Dakota, Montana, Alaska - "but the devious" - (pick one or more) Arabs, automakers ...
Global shares rise after Bernanke comments
Yahoo! - 5/22/2013 2:52:37 PM
NEW YORK (Reuters) - Stock markets around the world rose on Wednesday after Federal Reserve Chairman Ben Bernanke signaled that the U.S. central bank's stimulus program would remain intact. In testimony to Congress, Bernanke said the Fed's monetary policy ...
New Market Report Now Available: Canada Oil & Gas Report Q2 2013
SBWire - 5/15/2013 3:08:04 PM
Exploration in the country's offshore acreage and unconventional resources ... infrastructure bottlenecks depress demand for heavy Canadian crude. - Canada's proven oil reserves are expected to fall from 173.6bn barrels (bbl) in end-2012 to 158.0bn bbl ...
Energen Corporation Presentation at UBS Oil and Gas Conference Broadcast Live on the Internet
Yahoo! Finance - 5/20/2013 7:41:19 PM
Energen Corporation (EGN) senior managers will meet with members of the investment community at the UBS Global Oil and Gas ... 750 million barrels of oil-equivalent proved, probable, and possible reserves. These all-domestic reserves are located ...
Marathon Oil Corporation to Participate in UBS Global Oil and Gas Conference
StreetInsider - 5/16/2013 12:29:24 PM
HOUSTON, May 16, 2013 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) announced today that Janet F. Clark, Marathon Oil executive vice president and chief financial officer, will present at the UBS Global ... had net proved reserves at the end ...
Eco Atlantic Provides Interpretation of the Oil Proven in Regional Drilling Results - Source Rocks and High Grade Oil Confirmed in Walvis Basin, Offshore Namibia
Yahoo! Finance - 5/21/2013 5:45:36 PM
TORONTO, May 21, 2013 /CNW/ - Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") (TSX-V: EOG, NSX: EOG) provides technical interpretation of recent oil proven by HRT Participações em Petróleo S.A ("HRT") in the Walvis Basin and ...
Unit Corporation : Announces 2012 Reserve Growth of 29%, Production Replacement of 337% and 2013 Guidance
4-traders - 5/21/2013 10:14:37 AM
The present value of the estimated future net cash flows from the 2012 estimated proved reserves (before income taxes and using a 10% discount rate (PV-10)), was approximately $1.5 billion. The present value was determined using the 12 month 2012 average ...
U.S. boom transforming global oil trade
Arlington Heights Daily Herald - 5/18/2013 11:54:14 PM
Developing countries will soon, as a group, consume more oil than developed countries for the first ... the historically big oil consumers — the U.S., Europe and Japan — will use less. Overall, global demand is expected to rise 1.2 percent ...