Article from: OGEL 4 (2009), in Roundup of Articles
On December 31, 2008, the Securities and Exchange Commission (SEC) issued its revised disclosure requirements for oil and gas reserves contained in its Regulation S-K and Regulation S-X under the Securities Act of 1933, the Securities Exchange Act of 1934 and Industry Guide 2. This final rule and interpretation was published in the Federal Register on January 14, 2009 (Final Rule). 74 Fed. Reg. 2157.
In short, the Final Rule modifies the SEC's reporting and disclosure rules for oil and gas reserves.