Recoverable Reserves

DEFINITION of 'Recoverable Reserves'

A term used in natural resource industries to describe the amount of resources identified in a reserve that is technologically or economically feasible to extract. A new reserve can be discovered, but if the resource cannot be extracted by any known technological methods, then it would not be considered part of recoverable reserves. Recoverable reserves is also often called proved reserves.

BREAKING DOWN 'Recoverable Reserves'

Alternatively, "unproved reserves" is an estimate of the amount of reserves that have been discovered by geological or engineering methods, but there would be uncertainties as to whether the reserves could be technically or economically produced.

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RELATED FAQS
  1. Who determines the reserve ratio?

    Understand what the Federal Reserve is and what it regulates in the U.S. economy. Learn about the reserve ratio and how the ... Read Answer >>
  2. How does an oil and gas company measure and state their reserves?

    Understand how oil and gas companies estimate possible reserves and how different classifications are used to designate the ... Read Answer >>
  3. What is the difference between proven and probable reserves in the oil and gas sector?

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  4. How do central banks acquire currency reserves and how much are they required to ...

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  5. What happens if the Federal Reserve lowers the reserve ratio?

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