Reserves and petrophysics: given the current scrutiny surrounding reserves estimates, good formation evaluation is critical

摘要

The objectives of the securities and Exchange Commission (SEC), in part, are to administer federal security laws and issue rules and regulations to provide protection for investors and ensure the securities markets are fair and honest. As part of this effort, the SEC promotes full and effective disclosure to the investing public. The SEC definition of proved reserves is intended to support their objectives of full and fair disclosure of reserves to the investing public.