Resources

SEC Regulations

The SEC's new disclosure requirements for oil and gas reporting companies went into effect on January 1, 2010. Listed below are some of the resources that NSAI has used in updating its procedures, methods, and reporting standards for reserves reports to be used in filings with the SEC.

• SEC Pricing Tables: Tables showing current oil and gas prices as defined by the SEC in its regulations, i.e., 12-month averages of first-day-of-the-month prices from various indices. [updated quarterly]
• SEC Definitions: List of definitions compiled from the amendments to Section 210.4-10 of Regulation S-X, as set forth in the Federal Register.
• SEC Regulations: Copy of the SEC's Final Rule for the Modernization of Oil and Gas Reporting, published in the Federal Register on January 14, 2009.
• Compliance and Disclosure Interpretations: Copy of the SEC's interpretations of the Oil and Gas Rules in Regulation S-X and Regulation S-K, updated October 26, 2009.
  

Other useful documents referenced in the SEC regulations and used by the oil and gas industry are:

• SPE's 2007 Petroleum Resources Management System
• SPE's Standards Pertaining to the Estimating and Auditing of Oil and Gas Reserves Information

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