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2 Houston Center 909 Fannin St., Suite 1300 Houston, TX 77010 USA       |
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ABOUT THE COMPANY
HISTORY
The original consulting organization that expanded into the present
firm was formed in 1948 to provide expert services in production and
processing operations. The founders of the firm were previously engaged
in the management, design, and operation of several large unitized
petroleum projects in Texas and Louisiana, which involved:
With this foundation of experience in reservoir and plant operations,
the firm initially provided consulting services primarily in the United
States, but as additional professionals joined the organization, the
scope of services expanded internationally. Investigations have been
conducted in all major petroleum provinces of the United States and in
numerous foreign countries as well.
INDEPENDENCE
Miller and Lents, Ltd. places great emphasis on the independence of the
firm's judgments and reliance on technical bases in conducting its
investigations and in making its estimates.
Under appropriate circumstances, the firm is prepared to review the
estimates of others and comment upon the reasonableness of those
estimates. When requested to do such reviews, the firm may also comment
on (a) the adequacy of the data employed, (b) the appropriateness of the
techniques and procedures employed, and (c) the effectiveness of the
programs set up for surveillance, data collection, optimization of
operations, or documentation of estimates.
The firm maintains its own forecasts of product prices and inflation
rates which are employed when the firm is asked for its opinion or
judgment regarding value. The firm also commonly employs
client-instructed forecasts of product prices, inflation rates, or
other assumed future conditions when requested to do so in preparing
cash flow projections. In addition, the firm performs various
client-instructed sensitivity analyses. If client instructions
regarding product prices, inflation rates, future conditions, or
assumptions are employed in its analyses, the firm clearly discloses
all such instructions in its evaluation reports.
To preserve independence, the firm does not accept, as payment for
services, any contingent fees or other compensation that may be
considered to be conditional upon the outcome of studies performed by
the firm. All revenue is derived from payment for services and from
reimbursement for expenses incurred on behalf of clients. The firm
avoids any activity that may create a conflict of interest with clients.
TECHNOLOGY
Miller and Lents, Ltd. employs current technology in its studies,
including workstations in geophysical interpretation and computers and
software for economic evaluations, gas plant simulation, reservoir
simulation, pressure transient analyses, analyses of PVT data, and log
evaluations.
CONFIDENTIALITY
All work is treated confidentially. In numerous instances, the firm is
under strict secrecy agreements with regard to various investigations
and is prepared to enter into other such mutually acceptable agreements
when and if requested.
CLIENTS
Miller and Lents, Ltd. is currently employed and actively working for
large oil companies, gas transmission companies, chemical companies,
manufacturing concerns, and financial institutions. In addition, it
serves many independent petroleum producers, royalty owners, banks,
trusts, individuals, and other businesses.
Appropriate references and additional details relating to the various
services performed and currently offered by Miller and Lents, Ltd. will
be provided upon request.
Miller and Lents, Ltd.,
http://www.millerandlents.com |
History