Evaluation Practices

At the SPEE's 2000 Annual Meeting, the SPEE adopted a pilot program to develop a series of Recommended Evaluation Practices (SPEE REPs). The SPEE REPs were envisioned to be short position papers outlining petroleum evaluation on specific evaluation issues and offering suggestions for handling those issues.

SPEE REP #1 - Elements of a Reserve Report

SPEE REP #6 - Definition of Decline Curve Parameters

SPEE REP #2 - Presentation of Hydrocarbon Production, Sales, and Lease Use Quantities in Reserve Reports

SPEE REP #7 - Escalation of Prices and Costs

SPEE REP #3 - Inclusion of Revenue from Non-Hydrocarbon Sources in Reserve Reports

SPEE REP #8 - Calculation of Reversionary Interests

SPEE REP #4 - Inclusion of Hedging Positions in Reserve Reports

SPEE REP #9 - Reporting Multiple Rates of Return

SPEE REP #5 - Discounting Cash Flows

SPEE REP #10 - Calculating Internal Rate of Return