Understanding SEC Rules on Reliable Technology in Reserves Reporting

In its 2008 modernization of reserves reporting rules, the U.S. Securities and Exchange Commission (SEC) introduced the idea of “reliable technology” as the basis for procedures proposed to estimate reserves. Reliable technology must be based on sound scientific and engineering principles, and must have been found in practice to lead…

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Author Profile
Professor of Petroleum Engineering -

Dr. W. John Lee serves as a Research Fellow for Energy Navigator and is currently a Professor of Petroleum Engineering at Texas A&M University. He can be reached at john-lee@tamu.edu.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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