Sec oil and gas modernization
Modernized US Securities and Exchange Commission (SEC) rules for reporting oil/gas reserves are now broadly consistent with SPE definitions and generally reflect public requests for specific changes in the previous rules. Disclosure requirements based on the revised definitions use annual average prices and allow wider use of reliable technologies. Modernized US Securities and Exchange Commission (SEC) rules for reporting oil/ gas reserves are now broadly consistent with SPE definitions and generally reflect public requests for specific The incorporation of “non-traditional” hydrocarbons (such as bitumen) into oil and gas activities. Other important changes will briefly be touched upon. Overall, the revised reporting requirements go a long way to addressing the industry’s criticisms of the current regulations. SEC Definitions: List of definitions compiled from the amendments to Section 210.4-10 of Regulation S-X, as set forth in the Federal Register. SEC Regulations: Copy of the SEC’s Final Rule for the Modernization of Oil and Gas Reporting, published in the Federal Register on January 14, 2009.
20 Feb 2019 Securities and Exchange Commission (SEC) contained in Title 17, Code of Federal Regulations,. Modernization of Oil and Gas Reporting,
Occupational Health Regulatory Modernization Amendments The amendments to Regulation 855 - Oil & Gas, Offshore modernize the existing requirements What Financial Statements Must Be Included to Begin SEC Review? See Interpretive Release: Modernization of Oil and Gas Reporting, Release No. 33- 8995 18 Apr 2016 Methane Hydrate Research and Development (Sec. 3104 creates a pilot program designed to expedite oil and gas permitting and drilling. By. 21 Sep 2015 Effective January 1, 2010, the SEC adopted amendments to its oil and gas reporting requirements for publicly traded exploration and The Securities and Exchange Commission has adopted revisions to its oil and gas reporting disclosures which previously were dispersed in Regulation S-K and Regulation S-X, as well as Industry Guide 2. The amendments revise Rule 4-10 of Regulation S-X. SUMMARY: The Commission is adopting revisions to its oil and gas reporting disclosures which exist in their current form in Regulation S-K and Regulation S-X under the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as Industry Guide 2. The SEC Final Rule—Modernization of Oil and Gas Reporting For publicly traded U.S. E&P companies, oil and gas reserves reported in the notes to their annual reports filed with the SEC are determined by the “SEC Final Rule”. On December 31, 2008, the SEC issued a final rule revising disclosure requirements relating to oil and gas reserves.
20 Nov 2009 Securities and Exchange Commission, 2009, Modernization of oil and gas reporting (http://www.sec.gov/rules/final/2008/33-8995.pdf)
29 Aug 2018 However, in 2008, the SEC published a rule called Modernization of Oil and Gas Reporting, or 17 CFR § 210. These revised rules for oil and Through extensive research with the oil & gas industry, we have specifically designed requirements for E&P Companies including Oil & Gas Modernization Act
2 Mar 2009 The Securities and Exchange Commission has issued its revised disclosure requirements for oil and gas reserves contained in its Regulation
Through extensive research with the oil & gas industry, we have specifically designed requirements for E&P Companies including Oil & Gas Modernization Act 16 May 2013 SEC Regulations: Copy of the SEC's Final Rule for the Modernization of Oil and Gas Reporting, published in the Federal Register on January 28 Mar 2019 1 FAST Act Modernization and Simplification of Regulation S-K, SEC Release Nos. 33-10618; 34- disclosures for the mining, oil and gas and. 1 Nov 2018 (That's what the SEC did to the former. Industry Guide 2 with the 2008 modernization of oil and gas reporting.) A good next target might be 15 Nov 2018 crust (but excluding oil and gas resources, gases and water). In addition, the final rules include a proposed note explaining that a mineral 26 Jan 2009 Requirements (the “Proposing Release”). 3. SEC Release 33-8995; 34-59192; File No. S7-15-08; Modernization of Oil and Gas Reporting (the.
Modernized US Securities and Exchange Commission (SEC) rules for reporting oil/gas reserves are now broadly consistent with SPE definitions and generally reflect public requests for specific changes in the previous rules. Disclosure requirements based on the revised definitions use annual average prices and allow wider use of reliable technologies.
Modernized US Securities and Exchange Commission (SEC) rules for reporting oil/ gas reserves are now broadly consistent with SPE definitions and generally reflect public requests for specific
SEC Final Rule — Modernization of Oil and Gas Reporting On December 31, 2008 the Securities and Exchange Commission (the “SEC ”) issued a final rule revising disclosure requirements relating to oil and gas reserves (the “Final Rule ”). On December 29, 2008, The United States Securities and Exchange Commission (SEC) adopted new regulations for reporting oil and gas reserves, effective January 1, 2010. Earlier, on December 12, 2007, the SEC issued a concept release, requesting comments on a need to modernize its regulations for reporting oil and gas reserves. On December 31, 2008, the Securities and Exchange Commission (SEC) issued final rules for the “Modernization of Oil and Gas Reporting,” adopting revisions to its oil and gas reporting disclosures in Items 102, 801 and 802 of Regulation S-K and Rule 4-10 of Regulation S-X under the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as Industry Guide 2. SUMMARY: The Commission is proposing revisions to its oil and gas reporting requirements which exist in their current form in Regulation S-K and Regulation S-X under the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as Industry Guide 2. On December 31, 2008, the United States Securities and Exchange Commission (the "SEC") adopted amendments to its oil and gas reporting requirements with the issuance of Final Reporting Release No. 78, Modernization of Oil and Gas Reporting. It was designed to modernize the oil and gas disclosure requirements of Regulation S-X and Regulation S-K in response to technological improvements in the industry over the past several years. Background: Prior to the revision of the oil and gas rules in 2008, reserves obtained from applying improved recovery techniques (such as fluid injection) to increase the ultimate recovery of hydrocarbons could be classified as “proved developed reserves” (as defined in prior Rule 4-10(a)(3) of Regulation S-X) only under limited circumstances. Specifically, the rule expressly required that a registrant could classify such reserves as proved developed only after the improved recovery