What is PROVED DEVELOPED RESERVES (PDR)?

This is the quantity of a natural resource such as coal, oil and gas that is able to be extracted from the wells and mines that are currently operating with the same level of equipment and machinery that is on hand now. These are determined by a test project and the amount of resource that is considered to exist to be mined.

More On This Topic



Link to This Definition
Did you find this definition of PROVED DEVELOPED RESERVES (PDR) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary