Comment: The search for reasonable certainty in reserves disclosures

The system for disclosing proved oil and gas reserves needs to undergo significant modernization, which is overdue. The impetus for change is not limited to the industry itself, which is frustrated by the increasing gap between a system created in the late 1970s and the realities of the oil and gas industry in the 21st Century. Investors, who are supposed to be the “clients” of the system, complain that the information provided to them is not a good guide to future prospects of the companies. And there are indications that regulators themselves are coming to recognize that modernization needs to find a place on their overburdened calendars if the concept of proved reserves is ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected