Buying oil and gas producing properties today is not just about evaluating the production, reserves and cashflow, its really about understanding the asset’s level of compliance and integrity.
We can provide a detailed compliance report outlining the level of compliance, risks and costs for each asset. This will give you, the buyer, a better understanding on valuation.
Buyer beware is how purchase and sale agreements are written, that’s where we can help. During the last five years, companies have been challenged to keep up on their compliance programs and a lot of annual inspections have been deferred. These deferred costs will transfer to the new owner.
We have 30+ years experience in field operations, reservoir exploitation, artificial lift, facility design and construction, QA/QC, MoC’s, AER / ABSA compliance, writing SOP’s, and safety programs.
Kirk Thomson
Phone: 587-577-6164
Linkedin: kirkthomson1