This course is designed for individuals involved in reserves evaluation, reserves reporting, reserves auditing, or reserves estimates.

This course is designed to provide professionals who are involved in calculating and reporting oil and gas reserves with the reporting requirements and definitions in accordance with the current Security and Exchange Commission (SEC) regulations. Participants will also learn the various compliant methods of preparing reserves estimates, and classify the reserves in accordance with current reserves regulations and definitions.

Participants are required to bring their laptop computer with Microsoft Excel to class.

• Petroleum Resources Management System (PRMS) definitions and classifications
• U.S. Securities & Exchange Commission (SEC) definitions and disclosure requirements
• SEC regulations guidance
• Reserves estimation methods
  • Analogy
  • Volumetric
  • Material balance
    • p/z plots
    • high-pressure gas reservoirs
  • Performance trend analysis (decline curves)
  • Reservoir simulation
• Deterministic reserves estimates for PRMS, SEC
• Overview of unconventional resources evaluation