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Reserves definitions

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Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, September 30–October 3, 2001
Paper Number: SPE-71430-MS
... estimated recoverable volumes as reserves. These criteria are generally defined in the form of "Reserves Definitions". For an exploration or production company, the value of the reserves usually constitutes a major portion of the total company value. Therefore, it is critical that reserves be estimated...
Journal Articles
J Pet Technol 60 (10): 34–39.
Paper Number: SPE-1008-0034-JPT
Published: 01 October 2008
...D. Ronald Harrell Management SPE has long been a leader together with several other cooperative industry organizations in establishing petroleum reserves definitions. This began in 1962 with the appointment of the first SPE Oil and Gas Reserves Committee (OGRC) and continues through the most recent...
Proceedings Papers

Paper presented at the SPE Unconventional Reservoirs Conference, February 10–12, 2008
Paper Number: SPE-114162-MS
... Abstract SPE has long been a leader together with several other cooperative industry organizations over time in establishing petroleum resources and reserves definitions. This began in 1962 with the appointment of the first SPE Oil and Gas Reserves Committee (OGRC) and continues through...
Journal Articles
J Pet Technol 58 (12): 24–25.
Paper Number: SPE-1206-0024-JPT
Published: 01 December 2006
...John Ritter SPE has posted the proposed 2007 Petroleum Reserves and Resources Classification, Definitions, and Guidelines at www.spe.org/reserves for member and general industry comment. This update culminates 2 years of work by the SPE Oil and Gas Reserves Committee to establish internationally...
Journal Articles
J Can Pet Technol 36 (04).
Paper Number: PETSOC-97-04-01
Published: 01 April 1997
...H. Jung Reserve definitions generally used in North America are vague, allowing for a range of interpretations of the definitions themselves and resulting reserve estimates. There has, to-date been little progress in moving to definitions which provide a clearer description of the uncertainties...
Journal Articles
SPE Res Eng 11 (01): 29–33.
Paper Number: SPE-30041-PA
Published: 01 February 1996
...R.H. Caldwell; D.I. Heather Summary Our current set of SPE reserves definitions, and their SEC counterparts, give a very misleading evaluation in a volatile pricing environment when dealing with mature, long life properties. Previous attempts to tighten the definitions through the use of "snapshot...
Proceedings Papers

Paper presented at the 14th World Petroleum Congress, May 29–June 1, 1994
Paper Number: WPC-26184
... Abstract. In February of 1987 the Society of Petroleum Engineers, SPE, approved its ‘Definitions for Oil and Gas Reserves' and, during the same year, the 'Classification and Nomenclature Systems for Petroleum and Petroleum Reserves’ of the World Petroleum Congress (WPC) was approved...
Journal Articles
J Pet Technol 45 (09): 866–872.
Paper Number: SPE-25828-PA
Published: 01 September 1993
...J.D. Grace; R.H. Caldwell; D.I. Heather Summary Reserves definitions in use in the Former Soviet Union (FSU) are described and discussed. The U.S. Securities and Exchange Commission (SEC) and SPE deterministic definitions and the 1983 World Petroleum Congress (WPC) probabilistic (1P, 2P, and 3P...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 16–18, 1997
Paper Number: SPE-37957-MS
.... In 1987, the Society of Petroleum Engineers (SPE) and the World Petroleum Congress (WPC), working independently, developed sets of reserve definitions which were strikingly similar in most key aspects. Both gained wide acceptance and have become the preferred standards for reserves classification across...
Proceedings Papers

Paper presented at the Annual Technical Meeting, January 1, 1989
Paper Number: PETSOC-89-40-98
... Abstract The reserve definitions and terminology being used by the petroleum industrytoday have evolved over several decades. During the last decade, there havebeen several attempts at standardization. In spite of these efforts, there aremany different reserve definitions and terminology...
Proceedings Papers

Paper presented at the European Petroleum Conference, October 20–22, 1986
Paper Number: SPE-15865-MS
...SPE Socletu or Petrolelm Engineers SPE 15865 / .d Reserve Definitions· -·An Attempt at Consistency by D.R.Kelth, D.C.Wilson, and D.P.Gorsuch, ERC Energy Resource Consultants Ltd. SPE Members , Copytight 1111 Soclely ol Petroleum Engineers ol AIME This paper was presented at the I 186 European...
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Journal Articles
SPE Res Eval & Eng 8 (06): 520–527.
Paper Number: SPE-84145-PA
Published: 01 December 2005
...D.R. Harrell; Thomas L. Gardner Summary A casual reading of the SPE/WPC (World Petroleum Congresses) Petroleum Reserves Definitions (1997) and the U.S. Securities and Exchange Commission(SEC) definitions (1978) would suggest very little, if any, difference in the quantities of proved hydrocarbon...
Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, October 5–8, 2003
Paper Number: SPE-84145-MS
... 833836, Richardson, TX 75083-3836, U.S.A., fax 01-972-952-9435. Abstract A casual reading of the SPE/WPC Petroleum Reserves Definitions (1997) and the U.S. SEC definitions (1978) would suggest very little, if any, differences in the quantities of hy- drocarbon reserves estimated under those two...
Journal Articles
J Can Pet Technol 32 (05).
Paper Number: PETSOC-93-05-01
Published: 01 May 1993
...G.J. Desorcy; G.A. Warne; B.R. Ashton; G.R. Campbell; D.R. Collyer; J. Drury; R.V. Lang; W.D. Robertson; J.G. Robinson; D.W. Tutt Introduction There are currently almost as many definitions for reserves as there are evaluators, oil and as companies, financial agencies securities commissions...
Proceedings Papers

Paper presented at the Annual Technical Meeting, May 8–11, 1993
Paper Number: PETSOC-93-00
... Abstract There are currently almost as many definitions for reserves as there are evaluators, oil and gas companies, financial agencies, securities commissions, and government departments. Each one uses its own version of the definitions for its own purposes. But today, with the unstable...
Proceedings Papers

Paper presented at the Hydrocarbon Economics and Evaluation Symposium, April 1–3, 2007
Paper Number: SPE-107693-MS
... Abstract In late 2004, a focused effort was begun to update the 1997 SPE/WPC Petroleum Reserves Definitions and the 2000 SPE/WPC/AAPG Petroleum Resources Classification and Definitions. The evolution of the industry, driven by advancements in technology, the international expansion of the E...
Proceedings Papers

Paper presented at the 14th World Petroleum Congress, May 29–June 1, 1994
Paper Number: WPC-26190
... and guidelines for the classification of reserves that will be acceptable to ali of these users. The topics covered have naturally divided themselves into four parts. Part One presents the definitions and guidelines for the classification of oil and gas reserves. These have been prepared by the Standing...
Journal Articles
J Pet Technol 59 (12): 63–67.
Paper Number: SPE-1207-0063-JPT
Published: 01 December 2007
...Dennis Denney This article, written by Technology Editor Dennis Denney, contains highlights of paper SPE 107693, "The 2007 SPE/AAPG/WPC/SPEE Reserves and Resources Classification, Definitions, and Guidelines: Defining the Standard!," by John R. Etherington, SPE, PRA International, and John E...
Journal Articles
J Pet Technol 70 (09): 74–77.
Paper Number: SPE-0918-0074-JPT
Published: 01 September 2018
...Dan DiLuzio Since its publication in 2007, the SPE Petroleum Resources Management System (PRMS) has been broadly adopted by the petroleum industry as the international standard reference for reserves and resources classification and reporting. The SPE Oil and Gas Reserves Committee (OGRC) continues...

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