Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ENERGY RESERVES Definition & Legal Meaning

Definition & Citations:

Calculated unused physical energy sources. Source examples are coal, gas, and oil. Known to exist with reasonable certainty. Calculated on the basis of geologic and engineering data identifying proved reserves. Projection drawn on the basis of these proved reserves. Factored in the ease of extracting reserves at an economically viable cost with technology presently available. Refer to demonstrated reserves and probable reserves.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.