BVA Group alum Alex Clinton is leading industry discourse on the fair value of oil and gas reserves relative to the calculation of value of oil and gas reserves prescribed by the SEC. In March, he presented to the Fort Worth Council of Petroleum Accountants Society (COPAS), where he discussed differences in price deck and cost assumption between fair value and an SEC report, consideration of tax implications on fair value, and discount rate and other risk considerations associated with oil and gas reserves. In April, the Houston CPA Society released an article authored by Clinton that considers similar issues.