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Booking PUDs in a “Proven Area”… Use Caution Applying Reliable Technology

CG&A

Is it correct to book an average completion length of 7500 if the average to date has been 6800 due to some partial mechanical failures?Use Producing well spacing and vintage are critical to analyze and understand when booking reserves to undeveloped locations. Has that been demonstrated yet?Is

Field 52
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Author Talks: One billion more

McKinsey

A former Department of Defense consultant says not to panic. The global population is fast approaching the eight billion mark.

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SEC 5-Year Drilling Window – Fact, Fiction and Gray Areas

CG&A

Introduction Drilling locations come with an expiration date once booked in a reserve report. For public filers and/or aspiring private companies heading towards IPO, this means that all drilling locations expire in 5 years from date of first booking, unless production starts. Lets run through using a fact or fiction? Fact or fiction?

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Proved Reserves Beyond Low (LKO) and High (HKO) Known Oil

CG&A

Without any other data, it would be difficult to book the volumes above the well completion as oil (Fig 1 – Updip Volume A).Of Of course, those volumes can be booked as gas based on the physics of fluid densities, but oil is preferred.It Proceed at your own risk! what other data might exist to build the case for up-structure oil?

Oil 52
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What are the SEC Rules for Reserves, and where can I find them?

CG&A

69, entitled Disclosures about Oil and Gas Producing Activities.The SEC has relied on FASB to set accounting standards, which have been validated many times both within the SEC regulations and through their comment letter process.These four documents compromise the official rules for booking reserves subject to SEC guidelines.

Oil 52
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SEC Publishes New Guidance on Investment Adviser Advertising

The Energy Law

As an initial matter, Advisers should be aware that for purposes of the Advertising Rule (Rule 206(4)-1), the SEC considers a broad range of marketing and client communications as advertising, including not only advertisements, but web sites, reports, social media, letters, pitch books and presentations. [1]

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Drilling Locations This press release discloses drilling inventory in two categories: (i) booked locations (proved and probable); and (ii) unbooked locations. Booked locations represent the summation of proved and probable locations, which are derived from McDaniel & Associates Consultants Ltd.’s

Energy 130