SPEE recognized that few, if any, guidelines existed to assist evaluators with determining undeveloped reserves and resources. The SPEE Evaluation of Resource Plays Committee decided to issue a series of guidance documents highlighting issues, problems, and a reasonable method for evaluating Resource Plays. SPEE has not obtained any adoption of the guidelines by either the PRMS members or the SEC.
Original Description:
Original Title
SPEE Guidelines for the Practical Evaluation of Undeveloped Reserves in Resource Plays
SPEE recognized that few, if any, guidelines existed to assist evaluators with determining undeveloped reserves and resources. The SPEE Evaluation of Resource Plays Committee decided to issue a series of guidance documents highlighting issues, problems, and a reasonable method for evaluating Resource Plays. SPEE has not obtained any adoption of the guidelines by either the PRMS members or the SEC.
SPEE recognized that few, if any, guidelines existed to assist evaluators with determining undeveloped reserves and resources. The SPEE Evaluation of Resource Plays Committee decided to issue a series of guidance documents highlighting issues, problems, and a reasonable method for evaluating Resource Plays. SPEE has not obtained any adoption of the guidelines by either the PRMS members or the SEC.