___________________________________________________________________________ Robert, Here is my idea for adding some INVALUABLE information to your web-site and making it an incredibly popular research tool for investors. Create an "Oil & Gas Reserves" category for ALL companies you can lay your hands on. Wow, that would be a great tool for investors. I do it myself on individual stock companies but it isn't easy and pretty time consuming. If you had such a chart and kept it updated, you should draw tons of inquiries. It's nice to have gas reserves reported separate from oil reserves, but some companies report them only as "equivalents". thanks Roy A.G.A. reported an injection of 80 BCF into the natural gas storage at 2,283 BCF, representing 69.3% full, up 2.4% from last week, compared to last year's of 1,985 BCF (60.3% full).
Natural Gas Measurements The following are some of the standard abbreviations used in natural gas measurement.
The calculated quantity of hydrocarbons or minerals which can be extracted profitably from a deposit, classified according to the level of confidence that can be placed in the data. Standard classifications are: Proven reserves – Reserves that have been sampled extensively, for example--in mining--by closely spaced diamond drill holes or by underground working giving an accurate picture of size and quality of reserves. Also called measured reserves. In oil, proven reserves are an estimate based on seismic and other exploratory data, linked to an assessment of economic and operating viability. Recoverable reserves – In oil and gas, the portion of a field’s total estimate reserves that can actually be recovered from the field using currently available technology. Recoverable reserve estimates are dependent on factors such as reservoir pressure and the density of strata. Probable reserves – Valuable mineralization not sampled enough to estimate accurately the terms of tonnage and grade. Also called indicated reserves. Possible reserves – Valuable mineralization not sampled enough to estimate accurately its tonnage and grade, or even verify its existence. Also called inferred reserves. In oil, possible reserves are an estimate of reserves from an undrilled site or one that has not been seismically tested. TOP i. e. Oil reserves X 6,000 = Gas equivalents.
If you have some information to post about this
topic,
Oil reserves X 6,000 = Gas equivalents. Helpful links Calculator: http://www.loretech.ca/cgi-bin/oilres_calc.cgi Glossary 1: http://www.natfuel.com/glossary.html Glossary 2: http://www.platts.com/glossary.shtml NYMEX Henry-Hub Natural Gas Price
How Much Natural Gas Is There?
http://www.stats.demon.nl/chart/gas.htm http://www.protonenergy.com/index.php/html/gasproducts/datacharts/index.html http://www.bpamoco.com/centres/energy/world_stat_rev/index.asp Proven World reserves:
US reserves report:
link http://www.dailyfutures.com/energies/ link http://www.oilandgasreserves.com/links.htm link http://www.morningstar.com/Cover/Funds.html link http://www.natfuel.com/news/jan0901.html link http://www.natfuel.com/index.html link http://www.slb.com/ba.cfm?baid=1
Comments On the Energy Markets from the web manager posted: Aug. 13 2001 http://quotes.ino.com/exchanges/?c=energy The energy markets closed lower with the
exception of unleaded gas on
September crude oil posted an inside day
with a lower close on Monday
September heating oil posted an inside
day as it consolidates below
September unleaded gas closed higher on
Monday and above the 50%
September Henry Hub natural posted a quiet
inside day with a slightly
link http://quotes.ino.com/exchanges/?r=NYMEX_NG link http://www.oilprices.com/ link http://www.eia.doe.gov/emeu/mer/contents.html link http://www.eia.doe.gov/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/wpsr.html link article http://www.gasandoil.com/goc/features/fex13171.htm link http://cnnfn.cnn.com/markets/commodities.html link http://www.ogc.gov.bc.ca/publications.asp link http://www.ags.gov.ab.ca/TOOLS/AGS_TOOLS.HTP link http://www.enrg.lsu.edu/les/ link http://www.eia.doe.gov/iea/res.html link http://www.encyclopedia.com/articles/04115.html link American Petroleum Institute
link Natural Gas Week
link http://www.platts.com
Disclaimer DST drill-sidetrack.com. The Oil figures are in barrels and Gas figures is in cubic feet. YOUR USE OF THE VALUE LINE® INFORMATION IS ENTIRELY AT YOUR OWN RISK AND IT IS YOUR SOLE RESPONSIBILITY TO EVALUATE THE ACCURACY, COMPLETENESS AND USEFULNESS OF ALL VALUE LINE® INFORMATION. ALL VALUE LINE® INFORMATION
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