A common trait of successful companies is an independent periodic assessment of their
asset base. This knowledge is critical to, and generally the first step in the
formulation of a business plan. A company with a firm understanding of its asset base
can deal more effectively with financial and industry partners.
A complete evaluation of the asset base cannot be made by simply extrapolating decline
curves. An Exploitation Plan must be constructed that encompasses:
- Identification of Core Assets
- Reservoir Management Studies
- 3D Seismic Opportunities
- Quantification of Secondary Recovery Projects
- Cataloging of Undeveloped and Non-Producing Assets
- Gathering System Design and Optimization
- Gas Sales and Metering Evaluations
wellevaluations L.L.C. has invested heavily in software to assist in the
property evaluation process. We own copies of Aries and PhdWin from TRC
Associates. PhdWin is rapidly becoming the industry standard in economic
evaluation software. It has become the "inhouse" program for companies such
as Ryder-Scott and DeGolyer and MacNaughton.
At wellevaluations L.L.C. we have evaluated over $10 billion in producing
properties for financing and acquisition. We can provide common sense guidelines
toward valuations, based on experience not conjecture.
As an active participant in property acquisitions and drilling we are able
to put our money where our mouth is. We often participate along with our
clients in deals based on our evaluations.