Fill in the blanks: The amount of petroleum in place is subdivided between that quantity which, on

Question:

Fill in the blanks:

The amount of petroleum in place is subdivided between that quantity which, on any given date, is deemed to be commercial or economic (i.e., where the estimated selling price exceeds the cost of finding and production plus an acceptable profit margin) and that which is not. That quantity deemed to be economic is classified as ____________________, while the amount that is not economic is referred to as ___________________________________.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: