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- Reserves-to-production_ratio abstract "The Reserves-to-production ratio (RPR or R/P) is the remaining amount of a non-renewable resource, expressed in time. While applicable to all natural resources, the RPR is most commonly applied to fossil fuels, particularly petroleum and natural gas. The reserve portion (numerator) of the ratio is the amount of a resource known to exist in an area and to be economically recoverable (proved reserves). The production portion (denominator) of the ratio is the amount of resource used in one year at the current rate.RPR = (amount of known resource) / (amount used per year)This ratio is used by companies and government agencies in forecasting the future availability of a resource to determine project life, future income, employment, etc., and to determine whether more exploration must be undertaken to ensure continued supply of the resource. Annual production of a resource can usually be calculated to quite an accurate number. However, reserve quantities can only be estimated to varying degrees of accuracy, depending on the availability of information and on the methods used to evaluate them.A simplistic interpretation of the ratio has led to many false predictions of immanent "running out of oil" since the early years of the oil industry in the 1800s. This has been especially true in the United States, where the ratio of proved reserves-to-production has been between 8 years and 17 years since 1920. Many have mistakenly interpreted the result as the number of years before the oil supply is exhausted. Such analyses do not take into account future reserve growth.".
- Reserves-to-production_ratio thumbnail Decline_curve_analysis_software_image_of_exponential_decline_-_hyperbolic_decline.jpg?width=300.
- Reserves-to-production_ratio wikiPageID "20223617".
- Reserves-to-production_ratio wikiPageRevisionID "574867086".
- Reserves-to-production_ratio hasPhotoCollection Reserves-to-production_ratio.
- Reserves-to-production_ratio subject Category:Non-renewable_resources.
- Reserves-to-production_ratio type Abstraction100002137.
- Reserves-to-production_ratio type Assets113329641.
- Reserves-to-production_ratio type Non-renewableResources.
- Reserves-to-production_ratio type Possession100032613.
- Reserves-to-production_ratio type Relation100031921.
- Reserves-to-production_ratio type Resource113331778.
- Reserves-to-production_ratio comment "The Reserves-to-production ratio (RPR or R/P) is the remaining amount of a non-renewable resource, expressed in time. While applicable to all natural resources, the RPR is most commonly applied to fossil fuels, particularly petroleum and natural gas. The reserve portion (numerator) of the ratio is the amount of a resource known to exist in an area and to be economically recoverable (proved reserves).".
- Reserves-to-production_ratio label "Reserves-to-production ratio".
- Reserves-to-production_ratio label "Wskaźnik R/P".
- Reserves-to-production_ratio sameAs P.
- Reserves-to-production_ratio sameAs m.04yb1g3.
- Reserves-to-production_ratio sameAs Q7315297.
- Reserves-to-production_ratio sameAs Q7315297.
- Reserves-to-production_ratio sameAs Reserves-to-production_ratio.
- Reserves-to-production_ratio wasDerivedFrom Reserves-to-production_ratio?oldid=574867086.
- Reserves-to-production_ratio depiction Decline_curve_analysis_software_image_of_exponential_decline_-_hyperbolic_decline.jpg.
- Reserves-to-production_ratio isPrimaryTopicOf Reserves-to-production_ratio.
