21. As of Dec . 31, the company had net proved reserves of 1 . 8 billion barrels of oil equivalents. 22. Proved reserves as of 2006 were reported to be of oil equivalent ( boe ) with an additional of probable reserves.23. Howell said the purchase price works out to $ 5 . 08 a barrel of oil equivalent for the proved reserves . 24. Qatar's proved reserves of gas are the third-largest in the world, exceeding 250 trillion cubic feet ( 7, 000 km?). 25. The US Energy Information Administration listed Israel as having 7.0 trillion cubic feet of proved reserves as of 1 January 2015. 26. Shell announced on Jan . 9 that it was reclassifying 20 percent of its proved reserves to less certain, unproved categories. 27. In 2009, TNK-BP's total proved reserves replacement ratio reached 329 % according to PRMS methodology ( formerly known as SPE ). 28. The 2014 reserves represent the largest US proven reserves since 1972, and a 90 % increase in proved reserves since 2008. 29. The company says its proved reserve replacement ratio is expected to average at least 100 percent for the period 2004 to 2008. 30. But contrary to concerns of overstated reserves quoted in his article, both shale gas production and shale gas proved reserves have increased.
