Solstice Engineering has created an LLR Evaluation Report that assists companies in reducing the liability side of the LLR equation by quickly determining liability reduction opportunities and identifying a licensee’s LLR friendly assets. Reduction opportunities can often provide increases of 10-20% to an LLR, buying time and providing flexibility.
“License Liability Ratings are a hot topic,” reports Clint Nerbas, Solstice Engineering President. “With commodity prices in decline, licensees have shut-in non-economic production and are curtailing new production. As a result, many licensees are starting to approach an LLR of one, which puts them at risk of having to post significant security deposits. It also limits their ability to acquire or divest assets if the buyer or seller will be put in a position where the LLR will fall below one, forcing them to post security deposits or to cancel the deal.“
Solstice Engineering’s LLR Evaluation Report includes the following powerful tools:
Target Users
About Solstice Engineering Ltd.
Solstice Engineering Ltd. provides petroleum software solutions, acquisition and divestiture liability estimates, LLR evaluations, independent ARO estimates, and petroleum consulting services. SolComp, Solstice Engineering’s regulatory compliance management system, provides petroleum companies with the most complete and intuitive compliance software system available to industry.
For further information:
Clint Nerbas
President
Phone: 403-462-2863
Email: info@solsticesolutions.com