Takeaways From SEC Comments On New Oil, Gas Rules

Law360, New York (December 2, 2010, 2:41 PM EST) -- Effective Jan. 1, 2010, all public companies involved in oil and gas producing activities were required to comply with new oil and gas disclosure rules adopted by the U.S. Securities and Exchange Commission in December 2008.[1] The new rules represented the first changes to the oil and gas disclosure rules in approximately three decades.

In October 2009, the SEC Staff issued compliance and disclosure interpretations to assist oil and gas companies in their interpretation of the new rules and in their disclosure and reporting preparation.[2]...
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