As a petroleum consulting firm, CG&A reviews and evaluates hundreds of thousands of oil and gas properties on an annual basis worth billions of dollars. Our clients include oil and gas companies, financial institutions, midstream/pipeline companies and individual investors. With diversified experience in oil and gas producing properties throughout North America and around the globe, CG&A’s proficient team of reservoir engineers and geologists integrate geological, geophysical, engineering and economic data to produce high-quality reserve estimates and economic forecasts.
Cawley, Gillespie and Associates, Inc.
Capabilities
Engineering
- Texas Professional Engineering Firm (F-693)
- Talented staff of Petroleum Engineers, Geologists, Technical Analysts, Economists, and Software Developers
- Ability to pool resources from each office to prepare the best team for your project
- Access to third-party experts and services for special projects
- Deep experience in SEC, SPE-PRMS and COGEH reporting
- Direct relationship with key SEC auditors
- Regularly attend data rooms and assist clients with acquisitions and/or divestitures
- Approached by all major banks, key regional banks, and private equity firms
- Putting our clients first, since 1961
Geoscience
- Analyzing wireline logs, mud & drilling logs, cores & core data
- Subsurface interpretation and mapping
- Structure, isopach and pore volume maps
- Stratigraphic and structural cross-sections
- Lithologic interpretation and facies distribution
- Seismic interpretation and mapping
- Reservoir characterization & geostatistical analysis
- Volumetric reserves estimation
- Basin and/or field geological studies
- Unconventional reservoirs (coalbed, shale, tight sand, heavy oil)
Economics
- Economic evaluation of petroleum properties
- Report preparation for sales, acquisitions, mergers, estate & financing obligations
- Fair market value determinations
- Stock exchange filings (e.g. SEC filings & IPO evaluations, Canadian NI 51-101)
- Probabilistic evaluations
- Product pricing and hedging sensitivities
- Commercial parameter estimations through LOS, plant product statements and check stub analysis
Reserve Reporting
- Classifying and quantifying reserves & resources, and determining associated net present value.
- Reporting can be a formal certified CGA reserve report or an audit letter commenting on the merit’s of other work
- CGA does the heavy lifting… data gathering, organization, filtering and analysis
- Aries or PhDWin database build out from scratch or modifying existing database
- CGA reports are prepared in accordance with the most appropriate industry reserves and resources guidelines…
- SPE-PRMS – 2007 Petroleum Resources Management System (PRMS) approved by the Society of Petroleum Engineers (SPE)
- SEC – U.S. Securities and Exchange Commission (SEC) Regulation S-X Rule 4-10(a)
- COGEH NI 51-101 – Canadian Oil and Gas Evaluation Handbook (COGEH), as prepared by SPEE (Calgary Chapter) and Canadian Institute of Mining, Metallurgy & Petroleum (Petroleum Society)
Acquisitions & Divestitures
- Travel to data room and gather pertinent details from the seller’s technical staff
- Prepare detailed data requests for critical data not supplied
- Provide early commentary to our clients on project viability and evaluation plans
- Prepare an independent reserves and economics evaluation, with varying levels of effort
- Full-scale evaluation with extensive geosciences and engineering efforts
- Scaled-down evaluation, auditing seller work product for reasonableness
- As needed, dive deeper to look for missed opportunities (find value) or to risk overcalled or aggressive components
- Prepare sensitivity evaluations as per client requirements
- Pricing and escalation sensitivities
- Probabilistic reserve estimations
- Re-schedules of capital expenditure timing
- Assist client with bid price and due diligence as needed
Resource Studies
- CG&A regularly prepares volume-oriented field studies and basin analyses for investors and midstream clients
- Our midstream clients include owners of pipelines, gathering systems and processing plants
- Our expert technicians can investigate and determine the appropriate producing wells feeding a gathering system to allow for proper base volume modeling
- We often assist with Joint Ventures, working with the producer and the gatherer to assess volumes and proper valuation metrics
- We study localized regions or entire basins for clients that want to understand drilling trends, average well type curves, economic break-even analysis, and future volumes.
- We can deliver a flexible and user-friendly volume model in spreadsheet form that will allow you to easily adjust drilling schedules, type curves and apply risk factors
