Bringing over 20 years of experience, Solstice Engineering offers petroleum consulting services and evaluations of acquisitions and divestitures, license liability ratings, and asset retirement obligations. We make use of government data to provide accurate estimates and summaries in a timely manner, optimizing your liabilities as a company and setting you up for operational success. We support your requirements with our third party on-demand services that harnessing the advantages of our software, SolComp without the cost of licensing it.
This solution is best for companies who are looking for:
Accurate, detailed and AFE ready estimates
Liability reduction opportunities
Verification of regulator LLR numbers
Final implications of a prospective acquisition or divestiture
Identification of LLR friendly assets and divestiture candidates
Reduction in annual levy payments
License to operate exposure summaries
Solstice Engineering provides quick and accurate end of life liability estimates and license to operate exposure summaries for potential acquisition and divestitures. Our reports provide a comprehensive snapshot of your current and prospective assets to help you determine how to proceed.
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Solstice Engineering provides LLR Evaluation Reports in order to help minimize liabilities. We’ll quickly determine liability reduction opportunities and identify your LLR-friendly assets, in most cases, increasing your LLR by 10-30%.
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Solstice Engineering provides precise, AFE-ready end of life estimates for wells, pipelines, and facilities. This actuarial approach provides extremely detailed audit proof numbers with minimal human input. Report is fully discountable and inflatable and reconciliation system takes the pain out of audits.
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