proved reserve in a sentence

With 250 billion barrels in proved reserves, Saudi Arabia has the largest oil resources in the world.
Proved reserves are " a poor indicator of the total future supply of a mineral resource ."
Approximately 97 % of total proved reserves and 95 % of 2015 production was in the Marcellus Formation.
As of Dec . 31, the company had net proved reserves of 1.8 billion barrels of oil equivalents.
Howell said the purchase price works out to $ 5.08 a barrel of oil equivalent for the proved reserves.

Using the stated number of 267 Gbbl, past production amounts to 40 % of the stated remaining proved reserves.
Of these proved reserves, 97 % were located in the United States and 3 % were located in Trinidad.
Last year the company had 9 . 31 trillion cubic feet of proved reserves, almost one-third of Argentina's total.
As of the end of 2012 the Trust claimed to have proved reserves of 75.517 million barrels of crude oil.
Triton said it has total proved reserves of 293.5 million barrels of oil _ about one-fourth those of Amerada Hess.

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