1 When the range of uncertainty is represented by a probability distribution, a low, best, and high estimate shall be provided such that:
A. There should be at least a 90% probability (P90) that the quantities actually recovered will equal or exceed the low estimate.
B. There should be at least a 50% probability (P50) that the quantities actually recovered will equal or exceed the best estimate.
C. There should be at least a 10% probability (P10) that the quantities actually recovered will equal or exceed the high estimate.
Source: Petroleum Resource Management System Revised June 18 (v. 1.03), Section 2.2.1.2
2Catherine M. Donohue, Craig D. Barrie; A review of the Bakken petroleum systems in the United States and Canada: Recognizing the importance of the Middle Member play. AAPG Bulletin 2021;; 105 (9): 1847–1866. doi: https://doi.org/10.1306/04122120093
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