RESOURCES

As part of our long tradition of service to the oil and gas industry, we are pleased to provide useful resources on our website. Check back regularly for more free M&L insights.

First-Day-of-the-Month Prices

Download our estimate of SEC first-day-of-the-month prices:

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Understanding Reserves and Resources Estimation According to SPE-PRMS

Key Changes to SPE- PRMS in 2018 Update

A Side-by-Side Comparison of the 2007 SPE-PRMS and the 2018 SPE-PRMS

SPE- PRMS Comparison to UNFC 2009

Key Distinctions Between SPE-PRMS and SEC Definitions

Calculating SEC Prices and Differentials

Undrilled Locations Must Be Converted to Developed Status within Five Years of Initial Disclosure

Society of Petroleum Engineers

Petroleum Resources Management System

Guidelines for Application of the Petroleum Resources Management System

Standards Pertaining to the Estimating and Auditing of Oil and Gas Reserves Information

Key Changes from the Petroleum Resources Management System (PRMS 2007) to the PRMS 2018

Securities and Exchange Commission

Definitions – Regulation S-X Rule 4-10 (17 CFR Part 210)

Disclosure by Registrants Engaged in Oil and Gas Producing Activities – Regulation S-K, Subpart 1200 (17 CFR 229.1200)

Compliance and Disclosure Interpretations (C&DIs)

Modernization of Oil and Gas Reporting – Final Rule (74 FR 2158)

Financial Accounting Standards Board (FASB) Accounting Standards Update – Topic 932

FIRST DAY OF THE MONTH
OIL AND GAS PRICES
DECEMBER 2024

SOURCES: Current month oil and gas prices as defined by the SEC — WTI Front Month, Thomson Reuters (Clc1); Brent Spot, EIA; Henry Hub, Platts

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— Robert J. Oberst, Chairman, Miller and Lents

FIRST DAY OF THE MONTH
OIL AND GAS PRICES

SOURCES: Current Oil and Gas Prices as defined by the SEC — Thomson Reuters (WTI), EIA (Brent) & Platts (Henry Hub)