SEC 5-Year Drilling Window – Fact, Fiction and Gray Areas
CG&A
APRIL 17, 2022
For SEC-compliant reserve reports, third party consulting firms are required to follow SEC reporting guidelines, which should include a strong focus on proved undeveloped (PUD) drill timing, capital availability and intent to drill. Moving an expired 5 BCF PUD 100 feet to a new location, and disguising it with a new well name, is a violation.
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