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Oil and gas reserves denote discovered quantities of crude oil and natural gas that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing. The remaining resource estimates are likely sub-commercial and may still be under appraisal with the potential to be technically recoverable once commercially established. Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BOE). Consequently, both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as oil & gas.
References
- ↑ Brett Handley, David M. Marshall, Craig Coon Principles of Engineering - 2011 "Ryder Scott Company, a consulting firm based in Houston, Texas"
- ↑ Forbes: Volume 157, Issues 9-12 1996 "Among the best are long-established petroleum engineering firms like Dallas-based DeGolyer and Mac-Naughton and Houston-based Ryder Scott & Co."
- ↑ Producers monthly: an oil magazine for operators: Volumes 25-26 Bradford District Pennsylvania Oil Producers Association - 1961 "William E. Fickert Becomes Partner In Ryder Scott Company ... The company was founded by David Scott, Jr., and the late Harry M. Ryder in Bradford, Pennsylvania on July 1, 1937."
- ↑ Hearings: Volume 11 United States. Congress. House - 1944 "I am enclosing a letter from Harry M. Ryder, of Ryder-Scott, one of the prominent petroleum engineers operating in this area.."
- ↑ Transactions: Volume 36 American Geophysical Union - 1955 "Harry M. Ryder, consulting engineer, and geophysicist, died July 6, 1954, at the age of 63. He was born in Lancaster, Pennsylvania, took his baccalaureate degree in Pennsylvania State College in 1911 and his master's degree in physics in ..."
- ↑ "Ryder Scott" (PDF). noveltygroup. Retrieved 24 June 2020.
