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Leading the change: SEC's new rules for reserves reporting
For more than 25 years, the SEC’s rules for measuring and reporting oil and natural gas reserves remained relatively unchanged, despite increased geological complexity, significant advances in technology and increased price volatility in global markets.
Today, however, a new set of reporting principles — adopted in late 2008 — will impact the way oil and gas companies communicate reserves information to stakeholders. The SEC’s new rules give energy executives and directors the opportunity to more closely align reserves reporting with their overall business strategy and their competitive position in the marketplace.
Today, however, a new set of reporting principles — adopted in late 2008 — will impact the way oil and gas companies communicate reserves information to stakeholders. The SEC’s new rules give energy executives and directors the opportunity to more closely align reserves reporting with their overall business strategy and their competitive position in the marketplace.
Contacts
- Richard Paterson
- Global & US energy leader
- Houston, TX
- Tel: +1 (713) 356 5579
- Chuck Chang
- US energy assurance leader
- Houston, TX
- Tel: +1 (713) 356 5214
- Michael Collier
- US energy transactions leader
- Houston, TX
- Tel: +1 (713) 356 8133
