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Cautionary Note on Reserves and Resource Estimates The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possiblereserves. In connection with the proposed mergers, the Company has filed a definitive proxy statement.
NYSE:STR) (Sitio) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 (NASDAQ:VNOM) (Viper or the Company), a subsidiary of Diamondback Energy, Inc. NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. billion as of March 31, 2025.
However, the SEC did not issue its first rules specific to Petroleum definitions until 1978 and continued to expand these definitions until 1982.Before Before the passage of those rules, the industry had to rely on various definitions published at different times by API, AGA and SPE.
EOG ) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 quantities of oil and gas that are estimated to be recoverable with a high degree of confidence), but also probable reserves (i.e.,
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