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TeachMeFinance.com - explain Reserve revisions Reserve revisions The term 'Reserve revisions' as it applies to the area of energy can be defined as ' Changes to prior year-end proved reserves estimates, either positive or negative, resulting from new information other than an increase in proved acreage(extension). Revisions include increases of proved reserves associated with the installation of improved recovery techniques or equipment. They also include correction of prior year arithmetical or clerical errors and adjustments to prior year-end production volumes to the extent that these alter reserves estimates'. Previous 5 Terms: Reserve Reserve additions Reserve generating capacity Reserve margin (operating) Reserve pool Next 5 Terms: Reserved works Reserves changes Reserves, coal Reserves, net reservoir About the author 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.