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PRMS and SEC Reserves and Resources Regulations (Live Online)
July 31 8:00 AM - August 3 12:00 PM CDT
$2,125.00
- INSTRUCTOR:
- W. John Lee, PhD
- DISCIPLINE:
- Engineering
- COURSE LENGTH:
- 4 Half-Day Sessions, 8:00AM – 12:00PM CT (16.0 Hours)
July 31 – August 03, 2023 - AVAILABILITY:
- Public, In-House, & Live Online
- Buy a Ticket
WHO SHOULD ATTEND: Reserves analysts, geologists, geophysicists, reservoir engineers, and managers.
COURSE DESCRIPTION: This course will provide a detailed description of the 2018 PRMS update, including resources classes, categories, and status; resources assessment methods; key changes in the 2018 update (compared to the earlier 2007 PRMS); and navigating in the PRMS document itself.
We will also provide a full description of the modernized SEC reporting regulations, including definitions, reporting requirements, and guidance provided by the SEC staff.
Class time will consist largely of lectures, complemented with topics for group discussion by participants.
LEARNING OUTCOMES:
Following PRMS guidelines, participants will be able to:
- Place resources into appropriate classifications.
- Place resources into appropriate categories within classes.
- Place reserves into appropriate statuses.
- State key changes in the 2018 PRMS update.
- Find and use key section of the PRMS document.
Following SEC regulations, participants will be able to:
- Place reserves into appropriate categories.
- Place reserves into appropriate statuses.
- Summarize key reserves reporting requirements.
- Interpret reserves guidance issued by SEC staff.
COURSE CONTENT:
COURSE CONTENT:
- Fundamentals of PRMS
- Overview of resources classes and categories
- Details of resources categories and classes
- Resources assessment methods
- Key changes in 2018 PRMS update
- Navigating in the PRMS document
- SEC reserves definitions
- SEC disclosure requirements
- SEC reserves guidance
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REGISTRATION POLICY
Registration should be made at least one month before the start of a course. It is recommended that participants register early due to limited seating. However, we will accept paid registrations up to the last business day before the class, provided there are seats available. Registrants will receive a confirmation email within 48 hours of registration and will receive complete venue information two weeks prior to the first day of class. REMINDER: your seat in a course is NOT confirmed until payment is received.
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