While undergoing the process of oil and gas acquisitions and divestitures, it is crucial to fully understand the value of an asset and to be aware of all the risks and liabilities. Our A&D services involve quick and accurate end of life liability estimates and license to operate exposure summaries for potential acquisition and divestiture opportunities. These reports promptly assess potential acquisitions prior to increased analysis in order to save time and money on poor deals.
The following are the A&D estimates and summaries provided by Solstice Engineering
End of Life Liability Estimate
- End of Life Liability Estimates for Wells, Pipelines and Facilities (ARO)
- LLR Evaluation Report showcasing impact of acquisition/divestiture
- Well Lists and Net Well Count Report
- Reported Spills List
- Well Lists mapped in Google Earth
License to Operate Exposure Summary
- Suspended Well Compliance
- SCVF Testing
- Packer Isolation Testing
- Pipeline Requiring Work (Discontinuations, Abandonments, Etc.)
- Well Testing
- Directive 44
- Compliance Budget Forecaster to estimate annual net LTO budget
Immediate Compliance / Liability Concerns
- Net cost estimates for overdue wells or wells due for suspension or have mineral rights expiring
- Net cost estimates for pipelines overdue or due for discontinuation / abandonment
Advantages
- Uses only a well UWI list with working interest as input
- Quickly compiles and analyzes vast amounts of well data
- Provides accurate assessments of liabilities
- Provides supporting documentation for insurance applications and environmental disclosures
- Easily identifies problem assets