What is an 'Estimated Ultimate Recovery - EUR'
An estimated ultimate recovery (EUR) is a production method commonly used in the oil and gas industry. Estimated ultimate recovery (EUR) is an approximation of the quantity of oil or gas that is potentially recoverable or has already been recovered from a reserve or well.
BREAKING DOWN 'Estimated Ultimate Recovery - EUR'
EUR can be calculated in many differing methods and units depending on the project or study being conducted. In the oil and gas industry it is of the utmost importance that drilling projects meet an acceptable estimated EUR threshold for a project to be considered viable and profitable.