| 11. | With 250 billion barrels in proved reserves, Saudi Arabia has the largest oil resources in the world.
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| 12. | Proved reserves are " a poor indicator of the total future supply of a mineral resource ."
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| 13. | Approximately 97 % of total proved reserves and 95 % of 2015 production was in the Marcellus Formation.
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| 14. | As of Dec . 31, the company had net proved reserves of 1.8 billion barrels of oil equivalents.
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| 15. | Howell said the purchase price works out to $ 5.08 a barrel of oil equivalent for the proved reserves.
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| 16. | Using the stated number of 267 Gbbl, past production amounts to 40 % of the stated remaining proved reserves.
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| 17. | Of these proved reserves, 97 % were located in the United States and 3 % were located in Trinidad.
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| 18. | Last year the company had 9 . 31 trillion cubic feet of proved reserves, almost one-third of Argentina's total.
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| 19. | As of the end of 2012 the Trust claimed to have proved reserves of 75.517 million barrels of crude oil.
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| 20. | Triton said it has total proved reserves of 293.5 million barrels of oil _ about one-fourth those of Amerada Hess.
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