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 Society of Petroleum Engineers, Inc. (SPE) and the World Petroleum Congresses (WPC).

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
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