Explore Our Case Studies

Buy-Side Asset Evaluation

Determined market value of a marketed asset with a very narrow buyer universe. Asset was cash flow positive but with substantial near-term abandonment liabilities. Fully characterized the value of the property in the current operator’s ownership.

Noted the emergence of an unusual horizontal drilling campaign in the area and of synergies with the potential buyer’s nearby properties. Delivered a full-cycle valuation enabling the bidder to successfully take down the asset and enlarge their project queue.

Reserves Estimation

Assigned a large late-life tight gas field with reserves booked to an economic limit with no consideration of loading rates.

When reserves revisions became apparent, developed a type-curve based approach for probabilistic estimation of the performance impact and validated the approach over two reserves cycles over two years.

Reservoir Performance Analysis

Studied a large, deep structure in a major producing province with very few well penetrations and a patchwork of seismic coverage. Industry belief was that the drive mechanism was depletion drive due to a lack of water production.

Reviewed available well data and noted that reservoir pressures implied a tank size exceeding all possible geologic interpretations and that the well experienced mechanical failure before aquifer arrival.

Expert Testimony

Qualified and testified before the Texas Railroad Commission on several occasions. Secured an operator’s rights to surface access, usage, and future activity in an area with rapid surface build-out. Also enabled another operator to modernize field rules in a legacy field to permit drilling horizontal wells to chase a newly identified conventional play for in-field redevelopment.