PETROLEUM RESOURCES MANAGEMENT SYSTEM
The Society of Petroleum Engineers (SPE) Oil and Gas Reserves Committee, made up of international oil and gas experts, partners with several industry related societies to provide publicly available resources for the consistent definition and estimation of hydrocarbon resources, including the Petroleum Resource Management System (PRMS) and the PRMS Application Guidelines, as well as a map to other systems and standards for reserves estimating and auditing.
The Petroleum Resources Management System (PRMS) is a system developed for consistent and reliable definition, classification, and estimation of hydrocarbon resources. It is widely used for the preparation of oil and gas resource evaluations in many nations around the world.
The Calgary Chapter of the Society of Petroleum Evaluation Engineers (SPEE) and industry professionals have co-authored the Canadian Oil and Gas Evaluation Handbook (COGEH) which provides a set of standards and guidelines for the preparation of oil and gas resource evaluations in Canada.
National Instrument 51-101: Standards of Disclosure for Oil and Gas Activities
National Instrument 51-102: Continuous Disclosure Obligations
CANADIAN GOVERNMENT AGENCIES
Alberta Securities Commission
Alberta Energy Regulator (AER)
Alberta Ministry of Energy
Canada Energy Regulator
BC Oil & Gas Commission
Government of BC Oil & Gas Royalties and Tax
Government of Saskatchewan Oil and Gas
Government of Manitoba Petroleum Branch
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
SEC Regulations: Final Rule for the Modernization of Oil and Gas Reporting, published in the Federal Register on January 14, 2009
SEC Oil and Gas Reporting Modernization: A Small Entity Compliance Guide
Compliance and Disclosure Interpretations: Oil and Gas Rules in Regulation S-X and Regulation S-K
LONDON STOCK EXCHANGE
Guidelines: Specific requirements, rule interpretation and guidance relating to resource companies.
HONG KONG STOCK EXCHANGE
Guidelines: Listing conditions, disclosure requirements and continuing obligations for Mineral Companies.
Canadian Association of Petroleum Producers (CAPP)
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