Estimated Ultimate Recovery - EUR

AAA

DEFINITION of 'Estimated Ultimate Recovery - EUR'

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Reserve-Replacement Ratio

    A metric used by investors to judge the operating performance ...
  2. Organic Reserve Replacement

    Oil reserves that an oil company acquires by exploration and ...
  3. Recoverable Reserves

    A term used in natural resource industries to describe the amount ...
  4. Working Interests

    Refers to a form of investment in oil and gas drilling operations ...
  5. Peak Oil

    A hypothetical date referring to the world's peak crude oil production, ...
  6. Barrels Per Day - B/D

    A measure of oil output, represented by the number of barrels ...
Related Articles
  1. Oil And Gas Industry Primer
    Active Trading

    Oil And Gas Industry Primer

  2. Uncovering Oil And Gas Futures
    Active Trading

    Uncovering Oil And Gas Futures

  3. Fueling Futures In The Energy Market
    Options & Futures

    Fueling Futures In The Energy Market

  4. Understanding Oil Industry Terminology
    Budgeting

    Understanding Oil Industry Terminology

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center