Petroleum Reserves and Resources Definitions
The Society of Petroleum Engineers has developed a system for evaluating oil and gas reserves and resources. The Petroleum Resources Management System (PRMS) is used by oil and gas companies in determining their reserves and serves as the primary basis for reporting rules established by the United States Securities and Exchange Commission. Petroleum Resources Management System
Read more about this topic: Society Of Petroleum Engineers
Famous quotes containing the words reserves, resources and/or definitions:
“...I want to see a film, they send the Israeli army reserves to escort me! What kind of life is this?”
—Golda Meir (1898–1978)
“How could a man be satisfied with a decision between such alternatives and under such circumstances? No more than he can be satisfied with his hat, which he’s chosen from among such shapes as the resources of the age offer him, wearing it at best with a resignation which is chiefly supported by comparison.”
—George Eliot [Mary Ann (or Marian)
“The loosening, for some people, of rigid role definitions for men and women has shown that dads can be great at calming babies—if they take the time and make the effort to learn how. It’s that time and effort that not only teaches the dad how to calm the babies, but also turns him into a parent, just as the time and effort the mother puts into the babies turns her into a parent.”
—Pamela Patrick Novotny (20th century)