The Oil Drum | What the hell are oil reserves anyhow?

15 comments on What the hell are oil reserves anyhow?

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Murray on November 13, 2005 - 11:19am

In principle the SEC requirements should give a probability near 90% or 1P for claimed reserves, but by analyzing claimed positive and negative reserve growth over time Jean Laherrere has estimated that the actual reporting is close to 60% probability, or close to 2P. Murray

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Rembrandt on November 13, 2005 - 11:55am

Were do you get this data from? I've never seen such an alalysis done by J. Lahherrerre

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15 comments on What the hell are oil reserves anyhow?

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