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Record W2171602642 · doi:10.2118/94517-ms

Certifying Reserves Certifiers: The Time Has Come

2005· article· en· W2171602642 on OpenAlexaboutno aff
D. Ronald Harrell

Bibliographic record

VenueSPE Hydrocarbon Economics and Evaluation Symposium · 2005
Typearticle
Languageen
FieldEngineering
TopicReservoir Engineering and Simulation Methods
Canadian institutionsnot available
Fundersnot available
KeywordsCertificationBusinessValue (mathematics)Government (linguistics)CommissionAuditFinanceQuarter (Canadian coin)AccountingVariety (cybernetics)Operations managementMarketingEconomicsManagementComputer science

Abstract

fetched live from OpenAlex

Abstract The E&P industry is taking steps to educate, test and certify qualified petroleum geologists and engineers in the specialty practice of evaluating and estimating petroleum reserves. The primary benefit of the elective certification program would be to heighten understanding and upgrade competencies through a rigorous curriculum designed by experts in the field. A secondary benefit would be to help restore a loss of investor confidence in publicly reported reserves estimates. This loss occurred after several major reserves writedowns during the first quarter of 2004. Also, the self-administered program may head off current initiatives to make third-party reserves audits mandatory, creating an opportunity for industry to take the lead before government does. For justification, one should look no further than the value of world proved reserves and lesser, yet very significant value of reserves reported to the U.S. Securities and Exchange Commission. At $35/bbl and $5/thousand cubic feet (Mcf), for example, which is significantly lower than fourth quarter 2004 prices, reserves owned by U.S. companies reported to the SEC and investors represent a total value of more than $2 trillion (U.S.). This is a mere 3 percent of worldwide reserves, which are reported in a variety of ways. Inarguably, these staggering values should be estimated in accordance with internationally accepted practices by highly competent evaluators. Evaluator certification is a step in that direction. Engineers or geologists certified as specialists would be recognized by the administering organization as having advanced skill levels as well as substantial experience in accepted methods. Requirements for accreditation would include prescribed levels of education and special training, experience and job history, knowledge and scoring on certification exams.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.049
Threshold uncertainty score0.589

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.046
GPT teacher head0.272
Teacher spread0.226 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2005
Admission routes1
Has abstractyes

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