About JCORET

The Joint Committee on Reserves Evaluator Training was formed in 2006. These five sponsors are:

  • Society of Petroleum Engineers (SPE)
  • American Association of Petroleum Geologists (AAPG)
  • World Petroleum Council (WPC)
  • Society of Petroleum Evaluation Engineers (SPEE)
  • Society of Exploration Geophysicists (SEG)

 

Committee Selection

Each sponsoring organization appoints up to three individuals to serve on the committee for up to 3 years. All appointed individuals have many years of experience in reserves evaluation and auditing and have earned the respect of their industry peers.

Annually, the committee elects an at-large chairperson to provide leadership and oversight. The at-large chairperson cannot vote except in the unlikely event of a tie vote. A vice-chair acts in the capacity of chairperson when the chairperson is not able to perform certain duties.

Anyone who wants to serve as a JCORET member should make their interest known to the leadership of one or more of the sponsoring organizations.

Current Committee - 2016/2017 Year

SPE

WPC

AAPG

SPEE

SEG

Greg Horton

Anibal Martinez

Samuel Miciotto

Jennifer Fitzgerald

Fred Aminzadeh

Elliott Young

Ian McDonald

John Coleman 

Dee Patterson 

Andy Clifford

TBA


TBA

Eric Von Lunen

History

After the United States Congress passed the Sarbanes-Oxley Act in 2002, significant petroleum reserves writedowns by publicly owned companies, and the collective observations of several independent reserves estimators and auditors led to informal and formal discussions within the industry. The founding organizations selected and authorized representatives to investigate the following:

  • Industry compliance with relevant definitions
  • Competence of the individuals involved in preparing reserves and resources estimates
  • Availability and quality of internal and external training opportunities
  • Recommendations to improve deficiencies

The representatives found inconsistencies and omissions in the training opportunities available to petroleum reserves and resources evaluators. Some evaluators were privileged to participate in continuing high-quality training programs provided by their employers, while others had few opportunities even though their employers were well-recognized IOCs, NOCs and independent producers. Many independent consultants and commercial training firms were offering training courses of varying quality and content.