Current WLL Stock Info

Every year, oil and gas companies are required by the Securities Exchange Commission (SEC) to report their proved oil and gas reserves. By reporting these reserves, companies give their investors a meaningful understanding of the resources the company controls that it believes it could economically produce, establishing the size of the company’s reserves.

To qualify under SEC guidelines as “proved reserves,” the resources in place must meet three key standards:

The reserves must be reasonably certain of recovery, meaning a company has a ...

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