While it may be good for the SEC to revise its petroleum reserves reporting rules for other reasons, it won’t provide much in the way of help to investors. By the time the official version of reserves estimates is issued it is old news. Research by Richard Miller confirms this conclusion. … More Does anyone care about oil and gas reserves reports included in year-end financial statements?
The Securities and Exchange Commission has revised reporting requirements in order to reduce the effects of price volatility on reserves reported. … More UPDATE: The forthcoming dramatic fall of reported oil reserves