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Examples
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The company replaced its 1.0 tcfe of production with approximately
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Chesapeake reported a preliminary estimate of year-end 2010 proved reserves, based on the trailing 12-month average price required under Securities and Exchange Commission (SEC) rules, of approximately 16.9 trillion cubic feet of natural gas equivalent (tcfe), an increase of approximately 2.6 tcfe, or 18%, over its year-end 2009 estimated proved reserves of 14.3 tcfe.
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This growth occurred despite net divestitures of approximately 1.4 tcfe of proved reserves during 2010.
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Separately, EXCO said its proved reserves at last year end are estimated at 1.5 trillion cubic feet equivalent tcfe, up 56 percent from 959 bcfe at year-end 2009.
UPDATE 2-EXCO looks at possible sale, considers CEO buyout | Reuters 2011
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On its leasehold inventory, Chesapeake has identified an estimated 18.5 trillion cubic feet of natural gas equivalent (tcfe) of proved reserves (using volume estimates based on the 10-year average NYMEX strip prices at September 30, 2011), 111 tcfe of risked unproved resources and 338 tcfe of unrisked unproved resources.
unknown title 2011
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The company reported proven reserves of 4.5 tcfe at the end of 2010, with 94% of the reserves composed of natural gas.
unknown title 2011
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During 2010, the company added approximately 4.8 tcfe of proved reserves through the drillbit including extensions, discoveries and performance-related revisions at an estimated drilling and completion cost of less than $1.15 per thousand cubic feet of natural gas equivalent and added approximately 200 bcfe of proved reserves associated with positive price-related revisions.
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To date, Chesapeake has built leasehold positions and established production in multiple liquids-rich plays on approximately 6.2 million net leasehold acres with 7.0 billion bbls of oil equivalent (bboe) (or 42 tcfe) of risked unproved resources and 27.0 bboe (or 162 tcfe) of unrisked unproved resources based on the company's internal estimates.
unknown title 2011
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Reliance Industries will net about 4.5 trillion cubic feet equivalent (tcfe) of gas, from the the field which has a total potential of producing 10 tcfe.
SiliconIndia.com 2010
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* In North America, Shell has made great progress with tight gas, adding 8 trillion cubic feet equivalent (tcfe) of resources in 2009, bringing the company's total to 21 tcfe (3.7 billion boe).
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