Sentences with phrase «proven oil resources»

Not exact matches

Adam Sieminski, head of the department's Energy Information Administration, said: «Today's report indicates a significant potential for international shale oil and shale gas, though the extent to which technically recoverable shale resources will prove to be economically recoverable is not yet clear.»

BP and other parties are also responsible for restoration costs under the 1990 Oil Pollution Act's Natural Resource Damage Assessment (NRDA), but scientific studies necessary to prove injury to natural resources and court decisions based on such research take years to come to fruition.

But this wasn't some prescient bet on an oil price collapse — despite being one of the few resource stocks deserving of a P / S & P / E multiple at the time, I couldn't ignore the mathematical logic of the long - term discounted value of its proved - up assets in - the - ground vs. its net debt burden (which was actually much lighter then).

Take Petroneft Resources (PTR: LN): The intrinsic value of their proved & probable oil reserves is obviously a multiple of the company's current market capitalization.

Publication date: 2007-12-01 First Published in Energy Policy Authors: R. Bentley et al Abstract: Combining geological knowledge with proved plus probable («2P») oil discovery data indicates that over 60 countries are now past their resource - limited peak of conventional oil production.

The latest estimate by the WEC (cited above) lists not only today's «proven reserves», but also the «inferred possible total resource in place» for oil, gas and coal.

The World Energy Council published a report in 2010, which summarized not only the proven reserves of all fossil fuels (oil, natural gas and coal), but also gave estimates for the «inferred possible total resources in place» for these fossil fuels.

While natural gas reserves reached another record in 2014 and oil reserves were the highest since 1972, the technically recoverable resources from which they came are enormous and will continue to supply proved reserves for Americans for decades to come.

[iii] According to the EIA report, the United States has recoverable oil resources that are 36 times larger than its proved oil reserves and recoverable natural gas resources that are 7 times larger than its proved natural gas reserves for 2014.

North Dakota is the second - largest oil - producing state in the U.S. «America has 1.5 times as much oil as the combined proven resources of all OPEC countries,» he claimed.

An oil spill or gas explosion — even the surveying for resources before any drilling begins — could prove disastrous to Alaska's coastal ecosystems and people.

In addition to proved developed reserves, there are three categories of potential oil reserves: (i) recovery growth from known fields, (ii) future discoveries, and (iii) unconventional resources.