Reserves Growth
Experience shows that initial estimates of the size of newly discovered oil fields are usually too low. As years pass, successive estimates of the ultimate recovery of fields tend to increase. The term reserve growth refers to the typical increases in estimated ultimate recovery that occur as oil fields are developed and produced.
Read more about this topic: Oil Reserves
Famous quotes containing the words reserves and/or growth:
“While you are nurturing your newborn, you need someone to nurture you, whether it is with healthful drinks while you’re nursing, or with words of recognition and encouragement as you talk about your feelings. In this state of continual giving to your infant—whether it is nourishment or care or love—you are easily drained, and you need to be replenished from sources outside yourself so that you will have reserves to draw from.”
—Sally Placksin (20th century)
“Here commences what was called, twenty years ago, the best timber land in the State. This very spot was described as “covered with the greatest abundance of pine,” but now this appeared to me, comparatively, an uncommon tree there,—and yet you did not see where any more could have stood, amid the dense growth of cedar, fir, etc.”
—Henry David Thoreau (1817–1862)