Sept. 14, 2004


Downward reserve revisions have made the news headlines recently.  Those downward revisions have had a significant impact on shareholder value.  What may be less widely known is that some of these revisions are a result of recent Securities and Exchange Commission (SEC) staff interpretations of the SEC reserve definitions.  These interpretations may cause reserves estimated under SEC definitions and guidelines to differ significantly from reserves estimated under the widely used Society of Petroleum Engineers, Inc. (SPE) definitions and guidelines.

Mr. Pearson will use Russian reserve estimates as examples of the differences between SEC reserve estimates and SPE estimates.  He will also discuss some of the work being undertaken by operators to allow larger bookings of SEC reserve estimates.

Featured Speakers



Jennifer Bell

Date and Time

Tue, Sept. 14, 2004

11:30 a.m. - 1 p.m.
(GMT-0600) US/Central

Event has ended
View Our Refund and Cancellation Policy


The Cottonwood room. Hyatt Regency.

1200 Louisiana Street
Houston, Texas 77002