Society of Petroleum Engineers
Continuing Education Short Course Offering
Oil and Gas Reserves: The SEC Reporting Rules
Instructor: W. John Lee, Ph.D., University of Houston and Texas A&M University
Dates: Tuesday - Wednesday, January 28-29, 2014, 8:00 AM to 5:00 PM
Location: Brown Palace Hotel and Spa, 321 Seventeenth Street, Denver, CO 80202, (303) 297-3111
1.6 CEUs (Continuing Education Units) will be awarded by SPE-Americas Office for this 2-day course.
This course provides substantial detail and interpretation of the US Securities and Exchange Commission’s modernized rules for reporting oil and gas reserves. This course will help engineers, geoscientists, and business managers correctly interpret and apply the SEC’s modernized oil and gas reserves reporting rules. It will provide useful comparisons of the SEC rules with the SPE/WPC/AAPG/SPEE/SEG Petroleum Resources Management Systems definitions.
- Discussions on classifying resources
- The SPE/WPC/AAPG/SPEE Petroleum Resources Management System (PRMS), which is the basis for many of the new SEC reserves definitions
- The effects of the new rules on nontraditional resource disclosures
- Recommendations for adapting to the new rules
- Lectures and discussions are included, with more than half of the time devoted to solutions from class problems and exercises.
- The course workbook includes relevant publications of the SEC, SPE, and the Financial Accounting Standards Board.
- This course information has been updated to include the latest changes in SEC rules and regulations.
Who Should Attend
Anyone in the petroleum industry who deals with the reporting of oil and gas reserves will benefit from this course. Participants must bring laptops to class.
About the Instructor
Dr. W. John Lee holds the Hugh Roy and Lillie Cranz Cullen Distinguished University Chair at the University of Houston’s petroleum engineering program. Prior to this, Lee held the L.F. Peterson Chair in petroleum engineering at Texas A&M University where he is now professor emeritus. He was the former executive vice president of S.A. Holditch & Associates, where he specialized in reservoir engineering for unconventional gas reservoirs. He served as an Academic Engineering Fellow with the US Securities and Exchange Commission (SEC) in Washington during 2007–2008, and was a principal architect of the new SEC rules for reporting oil and gas reserves. Prior to beginning his career in academia, Lee managed Exxon’s Major Fields Study Group. He has written many technical papers and three SPE textbooks: Well Testing, Gas Reservoir Engineering, and Pressure Transient Testing. Lee is an Honorary Member of SPE and a member of the US National Academy of Engineering. He received his BChE, MS, and PhD degrees in chemical engineering from the Georgia Institute of Technology.
The registration deadline is Friday January 10, 2014. The registration fee is $1,400 for members and $1,600 for nonmembers and is fully refundable until that date. For more details, contact Darien O’Brien, P.E. at email@example.com or (303) 934-5979. Make your check payable to SPE Denver Section and mail to: Darien O’Brien, 1632 South Lamar Street, Lakewood, Colorado 80232-7038. Please include the course name, your FULL name (as you would like it to appear on the course completion certificate), SPE member number (if applicable), Title, Company, e-mail address, postal address, phone and fax number. You may also register and pay on-line at http://connect.spe.org/denver/home/.
When & Where
Society of Petroleum Engineers Denver Section
Wendell Salas, Halliburton