Definition of Producer contracted reserves

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TeachMeFinance.com - explain Producer contracted reserves



Producer contracted reserves

The term 'Producer contracted reserves' as it applies to the area of energy can be defined as ' The volume of recoverable salable gas reserves committed to or controlled by the reporting pipeline company as the buyer in gas purchase contracts withthe independent producer as seller, including warranty contracts, and which are used for acts and services for which the company has received certificate authorization from the Federal Energy Regulatory Commission'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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