...first instance compiled by employees of the major gas producers and furnished to regional subcommittees of the Committee On Natural Gas Reserves of the American Gas Association, thence through the Committee to the Federal Power Commission. It is obvious, therefore, that individual...

...States in 1969 and 1970. We have provided the committee with a complete copy of the latest "Report of the Committee on Natural Gas Reserves of the American Gas Association," and we have attached to this testimony as appendix B a copy of those pages from the report which describe...

...Center (OIC) of the University of Oklahoma Research Institute, (3) the professional expertise of members of the Committee on Natural Gas Reserves of the American Gas Association (AGA), and (4) the professional staff of the Bureau of Natural Gas, Federal Power Commission. The gas...

...companies, will never be reported. (2) The report calls for "proved reserves", which are further defined as: "The current estimated quantity of natural gas which...reasonable certainty to be recoverable in the future from know oil and gas reservoirs under existing economic and operating conditions." * What are "existing...

...year are the estimated quantities of all liquids statistically reported as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in the future from known reservoirs under existing economic and operating conditions." [Emphasis added]. In theory, this definition...

...follows: "Proved reserves of natural gas are the estimated quantities of natural gas which geological and engineering data demonstrate with reasonable certainty to be recoverable in the future from known natural oil and gas reservoirs under existing economic £>/ and operating conditions . "Reservoirs...

...estimated quantities of at) Inpinl- .statistically reported as crude nil. which geological and engineer ing data demonstrate with reasonable certainty to be recoverable in the future from known reservoirs under exist ing economic and operating conditions. "Reservoirs are considered proved if...

...are the estimated quantities of all liquids statist ieally reported ao crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in the future front known reservoirs under existing economic and operating conditions. "Reservoirs are considered...

...either the drilled or the undrllled portions of the field or reservoir." Consistent with procedures of the Committee on Natural Gas Reserves of the American Gas Association, Proved Reserves do not Include the "portions of the reservoir hydrocarbon gas recovered in liquid form...

...definition of proved reserves defines the current estimated quantity of natural gas and natural gas liquids which analysis of geologic and engineering data demonstrate...reasonable certainty to be recoverable in the future fron known oil and gas reservoirs under existing economic and operating conditions. Reservoirs are...