Asset Evaluation

HRH Consulting provides for the needs of company management, financial institutions, and buyers and sellers of assets who require independent economic evaluation of oil and gas properties and/or companies.  Our engineering consultant(s) will work with a client’s technical staff and in-house economic software to arrive at an economic evaluation of a property, prospect, and/or company that meets engineering (COGEH or SPE) or regulatory (NI 51-101) standards.  Economic software familiarity includes Schlumberger (Merak), Mosaic, and ValNav evaluation packages. Evaluation deliverables, which are dependent on client requirements, typically include:

  • Technical evaluation (asset development vetting and production forecasting)
  • Economic evaluation (profitability, capital and operating cost estimation, and abandonment cost estimation)
  • Commercial review (PSA/royalty modelling, hydrocarbon pricing, and tax modelling)
  • Accretion and strategic fit analysis
  • Oversight of acquisition or divestiture process 

 

Asset Management

HRH petroleum engineer(s) provide expertise in exploitation and reservoir engineering, assisting oil and gas companies in their day to day operations.  Using a client’s internal technical software, our consultants deliver answers to engineering questions or problems that arise daily in a company’s oil and gas fields under primary, secondary, or thermal recovery, as the case may be.  Technical software familiarity includes: PEEP (Decline), Mosaic, ValNav, IHS / Fekete (RTA, Welltest, and Virtuwell), and Exodus engineering programs.  Typical engineering deliverables include:

  • Asset monitoring/stewardship
  • Asset exploitation recommendations
  • Production forecasting
  • Capital and operating cost budgets
  • Reserve determination
  • Pressure transient analysis of well data

 

Financial Management

HRH accounting consultant(s) provide financial accounting expertise to the Canadian oil and gas industry in a backdrop of changing reporting standards.  With a client’s accounting software packages, our accountants satisfy a client’s accounting requests while complying with regulatory requirements.  Typical financial accounting deliverables include:

  • Financial reporting - private / public companies (IFRS)
  • Budgeting and forecasting
  • Government compliance
  • Cash management
  • Supervision and staff training
  • Daily operational accounting