Middle East Economic Survey
VOL. XLIX
No 7
13-February-2006
SUPPLY/DEMAND
US Reserves Reporting Should Switch To SPE Standards, Concludes CERA Study
The best way to modernize the US 28-year-old Securities and Exchange Commission rules under which companies report oil and gas reserves data is by adopting the definitions and guidelines developed by the Society of Petroleum Engineers (SPE), a year-long study and consultation by Cambridge Energy Research Associates (CERA) found. CERA said that the SEC...
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