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SERVICES
Explained briefly below are the
principal services provided by Miller and Lents, Ltd.
RESERVOIR ENGINEERING
- Estimates of reserves and producing rates by appropriate combinations
of volumetric, material balance, performance trend, and analogous
techniques for:
- Oil
- Gas
- Condensate
- Plant products
- Coal seam gas
- Equity determination and unitization
- Sizing and design of facilities
- Estimates of reserves by either deterministic or probabilistic methods.
- Design of projects for various recovery methods:
- Primary
- Enhanced recovery
- Waterflooding
- Miscible displacement
- Gas cycling
- Thermal
- Reservoir simulation and modeling
- Pressure transient analyses
- Analyses of PVT data
- Optimization of well spacing and density
- Optimization of producing rates and recoveries
- Evaluation of reservoir surveillance programs
- Feasibility studies and management of underground storage projects
- Evaluation of horizontal drilling projects
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ECONOMIC ANALYSIS
- Cash flow projections before and after income taxes
- Forecasts of oil, gas, and plant product prices
- Project Financing studies
- Financial reporting studies as required by the Securities and Exchange
Commission
- Estimates of Fair Market Value by appropriate combinations of accepted
appraisal methods
- Undeveloped mineral or leasehold interests
- Without identified prospects
- With identified prospects
- Developed or partially developed mineral or leasehold interests
- Producing
- Nonproducing
- Working interests, royalty interests, overriding royalty interests,
production payments, net profits interests
- Gas Plants
- Gathering systems, pipelines, and compression installations
- Evaluations for purchase or sale of oil and gas interests including
sensitivity studies
- Evaluations of bids
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GEOLOGICAL AND GEOPHYSICAL
- 2D and 3D seismic studies
-Regional or fieldwide structural and stratigraphic studies and
mapping
- Estimates of reservoir volumes
- Deterministic methods
- Probabilistic methods
- Geologic studies for:
- Field development
- Unitization
- Equity determination
- Underground storage
- Analyses of drilling prospects or drilling programs considering
risks
- Assessment of farmout proposals considering risks
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PETROPHYSICAL
- Open Hole and Cased Hole Log Analyses
- Porosity determination
- Hydrocarbon and water saturation
- Net and gross pay determination
- Oil-water, gas-oil, and gas-water contact determination
- Log quality evaluation
- Log calibration
- Lithological studies
- Core Analysis Studies
- Core-log relationships
- Porosity determination
- Pore size distribution
- Capillary pressure
- Formation characteristics
- Permeability relationships
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GAS PROCESSING
- Gas plant processing, treating, and dehydration studies
- Gas plant evaluations and feasibility studies
- Technical and economic audits for plant interests
- Inventory verification of underground storage volumes
- Plant startup and operation assistance
- Gas plant process, compression, and pipeline simulations
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GAS ENGINEERING
- Gas measurement, gathering, and compression studies
- Equipment optimization studies
- Pipeline feasibility studies
- Purchasing and marketing of oil, gas, and petroleum products
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EXPERT WITNESS AND ARBITRATION
- Expert witness testimony before local, state, or federal regulatory
agencies or courts of law or in arbitrations
- Serve as arbiter
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ASSISTANCE TO ATTORNEYS
Assistance to attorneys in drafting:
- Oil, gas, and gas-liquids purchase and sales contracts
- Gas processing contracts
- Loan agreements
- Contracts for the purchase or sale of oil and gas properties
- Operating and joint venture agreements
- Unitization and pooling agreements
- Oil and gas leases
- Exploration and production licenses and agreements
- Vendor-financed development agreements
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ROYALTY OWNERS
- Review of royalty payments for compliance with leases and contracts
- Evaluation of possible claims for failure to develop or for drainage
- Evaluation of options involving pooling or unitization
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Miller and Lents, Ltd.,
Two Houston Center, 909 Fannin St., Suite 1300,
Houston, TX 77010, (713) 651-9455
E-Mail: mail@millerandlents.com
Copyright © 2006 by Miller and Lents, Ltd. All rights reserved.
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http://www.millerandlents.com
Last modified: 30 October 2006.
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