Hi guys,
I'm doing a comp and i'm wondering how I can calculate the percent of the reserve liquids?
Is reserve liquids = proved reserve NGL? or is it NGL + gas / oil
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Also did i calculate this R/P ratio correctly?
Proved Reserves = 100 MMBOE
Daily Production = 20,000 Boe/d
= 100,000,000 / ( 20,000 * 365 ) = 13.7 years
thanks in advance