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Product Name: North American Projects
Product Description
- Responsible for annual reserve report preparation for numerous U.S. oil
and gas companies and financial institutions. These reports are used for
U.S. Securities and Exchange Commission (SEC) reporting, internal financial
reporting, and company budgeting and planning.
- Responsible for the preparation of the Annual SEC Reserve Report,
internal budgeting and planning, and merger and acquisition advice for Devon
Energy Corporation since 1979. LPC has been closely involved in advising
Devon as they have successfully grown into one of the top four U.S.
independents. Recently acted as reserve advisor for Devon in the mergers
with PennzEnergy, Santa Fe-Snyder and Mitchell Energy.
- Prepared reserve report for SEC reporting for the Canadian subsidiary of
a Fort Worth, Texas based independent including significant coalbed methane
reserves in Alberta. This project included significant petrophysical and
geological analysis of thin, discontinuous, and low-pressure Cretaceous-age
coals.
- Prepared field study of La Reforma field, South Texas including detailed
petrophysical analysis. Our work included review and correction of computer
based log analysis of petrophysically complex Oligocene-age Vicksburg
reservoirs. This study has led to significant drilling activity and reserve
additions for the clients.
- Prepared detailed field studies on two fields operated and owned by
Pemex. Detailed reserve and original oil and gas in place studies were
completed in addition to specific operational and drilling recommendations
including secondary recovery implementation and methodology.
- Prepared field study of Bald Prairie field, Robertson County, Texas for
a major independent. Geological and petrophysical analysis of the Bossier
sands and Cotton Valley lime oolite reservoirs led to a recommendation of a
60 well drilling program and addition of over 70 Bcf of proved reserve to
the client.
- Evaluated all Kerr-McGee North America Onshore Corporation reserves for
the merger with Devon Energy Corporation. The reserves of more than 50
fields located in a variety of geological provinces were audited and/or
evaluated. Our work was the basis for the determination of whether to
proceed with the acquisition, and the amount of Devon stock to be received
by Kerr-McGee.
- Performed multiple studies of shale gas reservoirs in the Mid-Continent
region including the giant Newark Barnett shale field of North Texas as well
as the Pennsylvanian shales of the Palo Duro Basin, Woodford and Caney
shales of Oklahoma, Atrum shale of Michigan and Fayetteville shale of
Arkansas.
- Performed multiple detailed studies of coalbed methane (CBM) reservoirs
in the San Juan, Powder River, Appalachian, Anadarko, Forest City and Black
Warrior Basins for many clients. Our experience in estimating CBM reserves
includes performance analysis techniques, volumetric calculations, material
balance and reservoir simulation.
- Generated volumetric reserves estimates on multiple onshore and offshore
Gulf Coast fields incorporating production, seismic, engineering,
petrophysical and geological data.
- Performed integrated field study of the Tinsley Field (Mississippi)
including independent 3-D seismic interpretation and petrophysical analysis;
generated multiple workovers recommendations, three proved drilling
locations, three probable drilling locations and one high potential
exploration drilling location.
- Performed integrated field study of Lake St. John Field (Louisiana),
including 3-D seismic interpretation and identification of re-development
opportunities.
- Conducted a regional geologic study of Crockett County, Texas
integrating a previous field study of the Ozona Field, resulting in the
identification of 18 proved drilling locations and multiple workovers in the
Clearfork, Canyon, and Strawn.
- Performed an integrated field study of the Altamont-Bluebell Field, Utah
for Devon Energy Corporation. The study evaluated infill drilling and behind
pipe potential for the field. This included detailed petrophysical and
geological evaluation of multiple relatively thin sandstone reservoirs. Over
30 proved drilling locations and 80 behind pipe workovers were recommended.
- Generated multiple drilling and workover opportunities in South Pass
Block 27 and South Pass 39, South Louisiana for Energy Partners LTD. Advised
EPL staff and management on preparation of a field depletion plan. All work
was done in the client office utilizing 3-D seismic, subsurface geology and
engineering data.
- Prepared a tertiary recovery (CO ) feasibility study of McComb Field,
Mississippi incorporating all available engineering, petrophysical and
geologic data. Results of our evaluation verified that the CO project was
economical to implement and the field is now under flood.
- Prepared expert testimony, advised council, and provided depositions
concerning reserves in an East Texas oil and gas field. The field was the
subject of a multimillion dollar litigation and our opinions were critical
to the resolution of the dispute.
- Prepared detailed volumetric analysis of House Creek Field, Wyoming a
Sussex sand field under waterflood. The evaluation included analysis of
analog waterfloods, infill drilling benefits, estimated ultimate recoveries,
and production profiles. Our report was used to justify a 100 plus well
infill program.
- Evaluated the Grayburg-Jackson and Maljamar Fields, New Mexico to
estimate reserves and determine waterflood feasibility for multiple clients.
These Permian Basin fields produce from tight sandstones and carbonates.
- Evaluated the giant Bay Marchand Field as part of a sale of the South
Timbalier 26 portion (and the farm-in of another portion) of the field to an
U.S. independent. Work included subsurface and seismic mapping, reservoir
studies, an economic evaluation and a field valuation.
- Completed a comprehensive reserve study of the South Coles Levee Field,
Kern County, California. This acquisition study detailed reserve estimation,
operating cost analysis, and estimations of cost efficiencies to enhance
future value.
- Prepared reserve estimate of Carpinteria Field, offshore California for
a major international bank.
- Prepared corporate analysis of several Independent U.S. oil firms on
behalf of a Canadian based financial analyst. Our work included an analysis
of all public data with review and commentary.
- Prepared a divestiture package for a Fort Worth based company with
properties in South Texas, South Louisiana, West Texas and New Mexico.
Client withdrew package for economic reasons.
- Evaluated the exploration portfolio of a Midland based independent with
emphasis on potential economic scenarios. Properties were located in
Colombia, Texas and New Mexico.
- Participated with Devon management to restructure their investment
portfolio by identifying strategic asset sales for their
Mid-Continent/Permian Division. Facilitated the divestiture of property
packages in New Mexico, Oklahoma, West Texas and Mississippi.
- Evaluated East Texas divestiture properties of a large Houston based oil
company for a well-known Dallas independent oil company, including
presentations to bank financing consortium. LPC evaluation was the basis for
the successful acquisition.
- Completed reservoir simulation of the Hurl State waterflood area of the
giant Prudhoe Bay Field on the North Slope of Alaska. The study evaluated
the potential development alternatives for the area and estimated recovery
for various secondary and tertiary recovery processes.(1)
- Prepared unitization studies on multiple fields in the Gulf of Mexico
including one significant multi-block field in the deep water area.(1)
(1) Projects completed by our staff prior to joining LPC
Company Details
Experience, technical capabilities and sound judgment are the foundations
of the petroleum consulting business.
LPC has conducted technical studies and economic evaluations for private and
public oil and gas companies,... more
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