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Reserves & Resources Essentials: How Hydrocarbons Are Classified

Categories: Subsurface
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About Course

This microlearning course introduces the fundamentals of how hydrocarbon quantities are classified as resources and reserves. Learners will explore the general distinction between resources and reserves, the proved, probable, and possible reserves categories, and the concepts of contingent and prospective resources. Designed for beginners, the course takes approximately 10-13 minutes to complete.

What Will You Learn?

  • Distinguish between resources and reserves at a general level
  • Define proved reserves
  • Define probable and possible reserves and how they combine with proved reserves
  • Explain the general concept of contingent resources
  • Explain the general concept of prospective resources
  • Recognize why reserves and resources estimates can change over time

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