HGS http://www.hgs.org/en/rss HGS RSS Feed. HGS http://www.hgs.org/tresources/en/images/icons/tendenci34x15.gif http://www.hgs.org Copyright 2008 HGS Tendenci Association Software by Schipul - The Web Marketing Company en-us noemail@hgs.org Fri, 25 Jul 2008 09:38:18 GMT Release http://www.hgs.org/en/rel/?3 FOR IMMEDIATE RELEASE: MAY 16, 2005 FROM THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS (AAPG) Tulsa, Oklahoma, USA OIL AND GAS INDUSTRY TO DECIDE ON CERTIFICATION OF PETROLEUM RESERVES EVALUATORS In response to concerns over the recent petroleum reserves writedowns, two industry organizations are scheduled to decide this year whether to sponsor a program to certify reserves evaluators. Regulators, the U.S. Congress and investors recently have called for reforms in how the oil and gas industry estimates and reports petroleum reserves, the lifeblood and main asset of companies with drilling and production operations. The program to train and test petroleum engineers and geologists will be modeled to some degree after the one for certified public accountants, said Dan Tearpock, who is leading the initiative for the American Association of Petroleum Geologists. The Society of Petroleum Evaluation Engineers (SPEE) is also involved. Both will consider a business plan and budgeting... http://www.hgs.org/en/rel/?3 noemail@hgs.org Mon, 16 May 2005 22:00:00 GMT