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Reservoir Engineering and Reserve Estimation

The firm prepares reserve estimates in accordance with the standards of the United States Securities and Exchange Commission (SEC) Regulation S-X, and the Petroleum Resources Management System (PRMS), which was prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE).

Reserve estimates by either deterministic or probabilistic methods, including developed and undeveloped reserves, and classification according to Proved, Probable, Possible, Contingent, and Prospective Resource definitions are generated.

Estimates of reserves and producing rates using appropriate combinations of volumetric, material balance, performance trend, and analogous techniques for the following:

  • Oil
  • Gas
  • Condensate
  • Shale gas and shale oil
  • Plant products
  • Coal seam gas
  • Equity determination and unitization
  • Sizing and design of facilities

Design of projects for various recovery methods includes the following:

  • Primary
  • Enhanced recovery
  • Waterflooding
  • Miscible displacement
  • Gas cycling
  • Thermal