1-Hour Program

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This One-Hour Briefing will help you understand the unique SEC reporting requirements and disclosure considerations applicable to oil and gas companies.  We will identify the key areas of the SEC’s focus and our recommendations. We will also discuss the issues involved in making complex judgments about appropriate disclosures. 

Hillary H. Holmes, a partner in the securities regulation and oil and gas practice groups of Gibson, Dunn & Crutcher LLP and co-chair of the firm’s capital markets practice group, will provide practical guidance regarding:

  • Requirements for reporting of oil and gas reserves, including under the 1200 series of Regulation S-K and ASC 932
  • Presentation of reserves and potential resources in public disclosure other than SEC filings
  • SEC comment letter trends and how to address them in advance
  • Areas of judgment, such as PUDs and presentation of NGL reserves 
  • Disclosure considerations around commodity prices and impairments
  • Compliant presentation of non-GAAP measures, such as PV-10
  • Disclosure of changes in accounting standards, such as the impact of new leases standard ASC 842
  • Risk factors particular to oil and gas operations, industry conditions and capital needs
  • Disclosure practices in connection with private and public capital raising by oil and gas companies 


Program Level:  Overview

Intended Audience:  Lawyers, financial reporting, accounting and compliance professionals in the oil and gas industry   

Prerequisites:  A background in legal, accounting, tax or compliance work in the energy industry 

Advanced Preparation:  None  


Credit Details