Remove Books Remove Gas Remove Oil
article thumbnail

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

CG&A

Warning This article and series is specifically targeted for anyone involved or interested in oil and gas reserves reporting guidelines, methods, issues, calculations and pitfalls. 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

Field 52
article thumbnail

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

CG&A

Warning This article and series is specifically targeted for anyone involved or interested in oil and gas reserves reporting guidelines, methods, issues, calculations and pitfalls. Thus, the requirements are like the downdip limit in order to estimate that the updip volume also contains oil, rather than an associated gas cap.

Oil 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. The company was originally part of the consortium that discovered oil in Kirkuk in the 1920s.

Field 40
article thumbnail

Profits or Planet? BP’s ‘New Beginning’: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. billion Analyst Consensus : $1.26

Oil 40
article thumbnail

The Importance of Occupational Safety and Health: Making for a “Super” Workplace

NIOSH Science: Oil & Gas

He risks exposing his amazing abilities when he swoops in to save the workers on a nearby oil rig who are in great danger as the rig implodes around them. The scene is reminiscent of Action Comics issue #3, the original Superman comic book series dating all

Oil 52
article thumbnail

Violations of Environmental Terms in Federal Oil and Gas Lease Insufficient to Support a Claim under the False Claims Act

The Energy Law Blog

The plaintiff, who claimed to have illegally dumped the pollutants at the direction of the defendants, asserted that the defendants made a false claim to the federal government by certifying Oil Record Books and MMS 133 reports omitting the discharges.

Oil 40
article thumbnail

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

CG&A

Today, we continue the series with a brief review of the SEC rules which govern public oil and gas company filings. Regulatory Documents The SEC oil and gas reserves definitions are located in Regulation S-X (210.4-10) Regulatory Documents The SEC oil and gas reserves definitions are located in Regulation S-X (210.4-10)

Oil 52