Unconventional reservoirs (coalbed, shale, tight sand, heavy oil)
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
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)
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
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
