Earnings season is here. For the financial news networks, it’s constant talk of headline beats and misses. As an investment professional, taking in all the news flow can be like trying to drink water from a fire hose. Read More
Performing due diligence on the accuracy of oil & gas reserve estimates requires two elements:
- An understanding of the art and science of reserve estimation. This blog post will provide a brief overview of reserve estimation techniques.
- Technical information on the methodology used and its key assumption. Places to look for technical disclosures would be investor presentations, CORRESP filings, and (occasionally) the 10-Ks / annual reports. However, this process can be tedious whenever investor presentations are difficult to locate.