SPEI: Oil and Gas Reserves - The New SEC Reporting Rules

Speaker Dr. John Lee
Hugh Roy and Lillie Cranz cullen Distinguished University Chair and Professor of Petroleum Engineering University of Houston John Lee holds the Hugh Roy and Lillie Cranz Cullen Distinguished University Chair at the University of Houston’s petroleum engineering program. Prior to this, Lee held the L.F. Peterson Chair in petroleum engineering ...

Hugh Roy and Lillie Cranz cullen Distinguished University Chair and Professor of Petroleum Engineering
University of Houston




John Lee holds the Hugh Roy and Lillie Cranz Cullen Distinguished University Chair at the University of Houston’s petroleum engineering program. Prior to this, Lee held the L.F. Peterson Chair in petroleum engineering at Texas A&M University. He was the former executive vice president of S.A. Holditch & Associates, where he specialized in reservoir engineering for unconventional gas reservoirs. He served as an academic engineering fellow with the US Securities & Exchange Commission (SEC) in Washington during 2007–2008, and was a principal architect of the new SEC rules for reporting oil and gas reserves.

Prior to beginning is career in academia, Lee managed Exxon’s Major Fields Study Group. He has written many technical papers and three SPE textbooks: Well Testing, Gas Reservoir Engineering, and Pressure Transient Testing. Lee is a Distinguished Member of SPE, a member of the US National Academy of Engineering, and the Russian Academy of Natural Sciences. He received his BS, MS, and PhD degrees in chemical engineering from the Georgia Institute of Technology.




Full Description
 

This 2-day course provides substantial detail and interpretation of the US Securities and Exchange Commission’s modernized rules for reporting oil and gas reserves.
The course includes
 • Discussions on classifying resources
 • The SPE/WPC/AAPG/SPEE Petroleum Resources Management System (PRMS), which is the basis for many of the new SEC reserves definitions
 • The effects of the new rules on nontraditional resource disclosures
 • Recommendations for adapting to the new rules
Lectures and discussions are included, with more than half of the time devoted to solutions from class problems and exercises.

The course workbook includes relevant publications of the SEC, SPE, and the Financial Accounting Standards Board. This course information has been updated to include the latest changes in SEC rules and regulations.

Why You Should Attend

This course will help engineers, geoscientists, and business managers correctly interpret and apply the SEC’s modernized oil and gas reserves reporting rules. It will provide useful comparisons of the SEC rules with the SPE/WPC/AAPG/SPEE/SEG Petroleum Resources Management Systems definitions.

Who Should Attend

Anyone in the petroleum industry who deals with the reporting of oil and gas reserves will benefit from this course.

Special Requirements

Participants must bring laptops to class.

CEUs

1.6 CEUs (Continuing Education Units) are awarded for this 2-day course.

Organizer Cindy Davis

When?

Thu, Jan. 19 - Fri, Jan. 20, 2012
8 a.m. - 5 p.m. US/Central

Where?

SPEI Houston Training Center
10777 Westheimer Rd.
Houston, TX 77042
US

Refund Policy: You must notify the SPE-GCS office of your intent to cancel at least 24 hours prior to the event date to receive a refund. For all refund inquiries, email spe-gcs@spe.org. View our Terms & Conditions for more information.