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These excerpts taken from the CVX 10-K filed Feb 25, 2010. Reserves
Crude oil or natural gas contained in underground rock
formations called reservoirs, and effective for 2009, saleable
hydrocarbons extracted from oil sands, shale, coalbeds or other
nonrenewable natural resources that are intended to be upgraded
into synthetic oil or gas. Proved reserves are the
estimated quantities that geoscience and engineering data
demonstrate with reasonable certainty to be economically
producible in the future from known reservoirs under existing
economic conditions, operating methods and government
regulations. Estimates change as additional information becomes
available. Oil-equivalent reserves are the sum of the
liquids reserves and the oil-equivalent gas reserves. See
barrels of oil-equivalent and oil-equivalent gas.
Reserves
Refer to Table V beginning on
page FS-69
for a tabulation of the company’s proved net crude-oil and
natural-gas reserves by geographic area, at the beginning of
2007 and each year-end from 2007 through 2009, and an
accompanying discussion of major changes to proved reserves by
geographic area for the three-year period ending
December 31, 2009. During 2009, the company provided
crude-oil and natural-gas reserves estimates for 2008 to the
Department of Energy, Energy Information Administration (EIA)
that agree with the 2008 reserve volumes in Table V. This
reporting fulfilled the requirement that such estimates be
consistent with, and not differ more than 5 percent from,
the information furnished to the Securities and Exchange
Commission (SEC) in the company’s 2008 Annual Report on
Form 10-K.
During 2010, the company will file estimates of crude-oil and
natural-gas reserves with the Department of Energy, EIA,
consistent with the 2009 reserve data reported in Table V.
Table of Contents
The net proved-reserve balances at the end of each of the three
years 2007 through 2009 are shown in the table below:
These excerpts taken from the CVX 10-K filed Feb 26, 2009. Reserves
Crude oil or natural gas contained in underground rock
formations called reservoirs. Proved reserves are the
estimated quantities that geologic and engineering data
demonstrate can be produced with reasonable certainty from known
reservoirs under existing economic and operating conditions.
Estimates change as additional information becomes available.
Oil-equivalent reserves are the sum of the liquids
reserves and the oil-equivalent gas reserves. See barrels of
oil-equivalent and oil-equivalent gas.
Reserves
Refer to Table V beginning on
page FS-67
for a tabulation of the company’s proved net oil and gas
reserves by geographic area, at the beginning of 2006 and each
year-end from 2006 through 2008, and an accompanying discussion
of major changes to proved reserves by geographic area for the
three-year period ending December 31, 2008. During 2008,
the company provided oil and gas reserves estimates for 2007 to
the Department of Energy, Energy Information Administration
(EIA), that agree with the 2007 reserve volumes in Table V. This
reporting fulfilled the requirement that such estimates are to
be consistent with, and do not differ more than 5 percent
from, the information furnished to the Securities and Exchange
Commission in the company’s 2007 Annual Report on
Form 10-K.
During 2009, the company will file estimates of oil and gas
reserves with the Department of Energy, EIA, consistent with the
2008 reserve data reported in Table V.
Table of Contents
The net proved-reserve balances at the end of each of the three
years 2006 through 2008 are shown in the table below:
This excerpt taken from the CVX 10-K filed Mar 27, 2008. Reserves
Table V, beginning on
page FS-66,
provides a tabulation of the company’s proved net oil and
gas reserves, by geographic area, as of each year-end 2004
through 2007, and an accompanying discussion of major changes to
proved reserves by geographic area for the three-year period.
During 2007, the company provided oil and gas reserves estimates
Table of Contents
for 2006 to the Department of Energy, Energy Information
Administration (EIA), that agree with the 2006 reserve volumes
in Table V. This reporting fulfilled the requirement that such
estimates are to be consistent with, and do not differ more than
5 percent from, the information furnished to the Securities
and Exchange Commission in the company’s 2006 Annual Report
on
Form 10-K.
During 2008, the company will file estimates of oil and gas
reserves with the Department of Energy, EIA, consistent with the
2007 reserve data reported in Table V.
The net proved-reserve balances at the end of each of the three
years 2005 through 2007 are shown in the table below:
This excerpt taken from the CVX 10-K filed Feb 28, 2008. Reserves
Table V, beginning on
page FS-66,
provides a tabulation of the company’s proved net oil and
gas reserves, by geographic area, as of each year-end 2004
through 2007, and an accompanying discussion of major changes to
proved reserves by geographic area for the three-year period.
During 2007, the company provided oil and gas reserves estimates
Table of Contents
for 2006 to the Department of Energy, Energy Information
Administration (EIA), that agree with the 2006 reserve volumes
in Table V. This reporting fulfilled the requirement that such
estimates are to be consistent with, and do not differ more than
5 percent from, the information furnished to the Securities
and Exchange Commission in the company’s 2006 Annual Report
on
Form 10-K.
During 2008, the company will file estimates of oil and gas
reserves with the Department of Energy, EIA, consistent with the
2007 reserve data reported in Table V.
The net proved-reserve balances at the end of each of the three
years 2005 through 2007 are shown in the table below:
These excerpts taken from the CVX 10-K filed Feb 28, 2007. Reserves
Crude oil or natural gas contained in underground rock
formations called reservoirs. Proved reserves are the
estimated quantities that geologic and engineering data
demonstrate can be produced with reasonable certainty from known
reservoirs under existing economic and operating conditions.
Estimates change as additional information becomes available.
Oil-equivalent reserves are the sum of the liquids
reserves and the oil-equivalent gas reserves. See barrels of
oil-equivalent and oil-equivalent gas.
Reserves
Table V, beginning on
page FS-68,
provides a tabulation of the company’s proved net oil and
gas reserves, by geographic area, as of each year-end 2004
through 2006 and an accompanying discussion of major changes to
proved
Table of Contents
reserves by geographic area for the three-year period. During
2006, the company provided oil and gas reserves estimates for
2005 to the Department of Energy, Energy Information Agency.
Such estimates are consistent with, and do not differ more than
5 percent from, the information furnished to the Securities
and Exchange Commission on the company’s Annual Report on
Form 10-K.
During 2007, the company will file estimates of oil and gas
reserves with the Department of Energy, Energy Information
Agency, consistent with the reserve data reported in
Table V.
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