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The seventh in the series of seven events.
In the post-Enron and Sarbanes-Oxley Act environment, the SEC is vigorously examining oil and gas reserves reporting. Some companies have revised reports and the stock market remains skeptical. There are many challenges in reporting reserves such as the SEC definitions, PUDs, probable reserves, timing of booking PUDs, pricing, deepwater reserves and accounting transparency.
| Earn 8 PDHs with the completion of each roundtable in this series. A completion certificated will be provided at the conclusion of each roundtable. These hours are part of the Texas Board of Professional Engineers Continuing Education Program (CEP). |
Review Ryder Scott Newletter's article on Reserves and the SEC. |
The SEC only recognizes reserves proved by production to surface. The day after the forum, Mr. Schwall posted “Letter to Companies with Oil and Gas Operations in the Gulf of Mexico ” on the SEC website. This letter responded to concerns regarding other methods of reporting PUDs. This roundtable focuses on the tools and associated technical information that companies are utilizing. Click here to review the letter.
NOTE: Registration is only open to Oil & Gas Producing Companies |
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