SEC Revises Oil and Gas Company Reporting Requirements Regarding Energy Reserves
2 January 2009
Mayer Brown Legal Update
2 January 2009 - On December 31, 2008, the US Securities and Exchange Commission announced that it approved the proposed revisions to oil and gas reserves reporting requirements. These new disclosure rules completely overhaul the existing reporting requirements and mark the first revisions to Rule 4-10 and Regulation S-X since the adoption of the original reporting requirements more than a quarter century ago.