@Deadant 30 yrs reserves/production ratio is based on proved...

@Deadant
30 yrs reserves/production ratio is based on proved reserves of 14mm boe / boepd last reported from May of 1,273 x 365 = 464,645 annual rate. So 14,000,000/464,645=30. By noting that production growth is expected, they are telling you this ratio will go down. For example, yr ending boepd projected = 1600, so annualizing that gets you 584,000 boe, into 14mm would give you 24 yrs. Of course, this is why they are and will be increasing proven reserves once they do a new US SEC based reserve analysis. The new acreage will increase it, and improving well curve results will also increase it.