1. Capitalize Chapter 3 1. Only proved reserves are used to calculate unit-of-production for successful efforts method. 1. False 2. The PRMS definition of reserves is required by US. GAAP. 1. False 3. The unit of measurement for crude oil is equal to US. gallons. 1. 42 4. Which statement is false? 1. Probabilistic estimates without showing a single figure is allowed by U.S GAAP. 5. High degree of confidence in probability estimation is equated to at least an % levelofcondence. 1. 90 6. Certainty is only possible if a well is drilled into an undrilled area. 1. False 7. To be considered proved undeveloped reserves, there must be a plan to develop these reserves within a year period. 1. 5 8. Possible reserves require an approximately % likelihood of recoverability. 1. 10 9. The two types of proved developed nonproducing reserves are 1. Shut-in and behind the pipe reserves. 10. Proved developed reserves are 1. Proved developed producing and proved developed non-producing