Extensions, discoveries, and other additions

What is Extensions, discoveries, and other additions?

Extensions, discoveries, and other additions meaning Additions to an enterprise’s proved reserves that result from(1) extension of the proved acreage of previously discovered (old) reserves through additional drilling in periods subsequent to discovery and (2) discovery of new fields with proved reserves or of new reservoirs of proved reserves in old fields.

 

reference: Glossary – U.S. Energy Information Administration (EIA)

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