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Examples
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The definitions of probable and possible reserves imply different probabilities of potential recovery in each classification; the quantities reported here are unrisked and based on the Company's best estimate of current costs to drill wells in each basin/area and bring associated production to market.
unknown title 2011
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Total unrisked reserve potential for the prospect is 133
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In this news release, we use the terms "risked and unrisked unproved resources" to describe Chesapeake's internal estimates of volumes of natural gas and liquids that are not classified as proved reserves but are potentially recoverable through exploratory drilling or additional drilling or recovery techniques.
unknown title 2011
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It has unrisked net resource potential of 114 MMBoe.
unknown title 2011
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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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The company estimates that it has 320 net unrisked drilling locations on its acreage.
unknown title 2011
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In addition to this they have 2.3 billion Boe in unbooked, unrisked reserve potential.
unknown title 2011
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Specifically in the Bakken with 320 acre spacing the unbooked, unrisked reserve potential would total 3 billion Boe.
unknown title 2011
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Potential net reserves of up to 53MMBoe which are unrisked.
unknown title 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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