Exchange Currency

reserve replacement ratio (RRR)

The ratio stakeholders use to analyze the operating performance of companies in the oil exploration and production industry. RRR is a function of the amount of oil added to a company's proven reserves compared to the total amount of oil the company produces during the year. Assuming stable demand, if this ratio falls under 1:1 then the company is tapping into its reserves and will eventually run out of oil.

Related information about reserve replacement ratio (RRR):
  1. What is reserve replacement ratio (RRR)? definition and meaning
    Definition of reserve replacement ratio (RRR): The ratio stakeholders use to analyze the operating performance of companies in the oil exploration and ...
     
  2. Is Exxon's Move Towards Natural Gas by Choice or by Necessity ...
    Mar 3, 2011... reserve replacement ratio (RRR). The RRR is the ratio of the amount of reserves added in a year divided by the amount extracted in that year.
     
  3. Fitch Assigns 'BBB' to Marathon's Unsecured Notes; Outlook ...
    Oct 25, 2012 ... Marathon's 2011 upstream metrics were good, driven in large part by a strong Reserve Replacement Ratio (RRR) of +137% on a one-year ...
     
  4. The Beginner's Guide to Drillinginfo's Production Charting Application
    Nov 13, 2012 ... When adjusting the “B” value or Nominal Decline, the Reserve Replacement Ratio (RRR) & EUR values are automatically recalculated.
     
  5. Statoil: 1 Of 2 Interesting Long-Term Prospects To Consider ...
    Jun 20, 2012 ... It achieved a reserve replacement ratio ("RRR") of 1.17 in 2011. The RRR for oil was 1.45. Net income has surged from $2.8 billion in 2009 to ...
     
  6. CAG pulls up ONGC - Times Of India
    Aug 28, 2012 ... It recommended a review of Reserve Replacement Ratio (RRR) as a performance parameter for ensuring performance in exploration efforts.
     
  7. CAG critical of ONGC exploration performance - Thaindian News
    Aug 28, 2012 ... The CAG pointed out that ONGC showed a healthy reserve replacement ratio ( RRR) of more than one while production continues to remain ...
     
  8. TEXT-Fitch affirms Ecopetrol's IDRs at 'BBB-'/'BBB'/'AAA(col)' - Reuters
    Aug 30, 2012 ... During 2011, the company's reserve replacement ratio (RRR) of approximately 164% continued to be strong, yet below the 193% reported ...