Consulting Services

Petroleum Engineer

D. R. (Russ) Long

In addition to being a registered engineer in the State of Texas, Mr. Long is a member of several professional societies and has served those societies in numerous ways. For the Society of Petroleum Evaluation Engineers (SPEE)

h

Oil & Gas Reserve Reporting

  • Formation Evaluation
  • Well Log Analysis
  • Material balance
  • Probabilistic Analysis
  • Reservoir Simulation
  • Secondary Recovery
  • Geological Studies

Reports prepared by Long Consultants document results. Our clients commonly present these reports to financial institutions as a foundation for project financing. Reports contain professionally presented data, analysis, conclusions, and opinions regarding the studied properties.

Production Cash Flow and Economic Projections

  • Production Forecasts
  • Value Optimization
  • Cost Analysis

Projections of future cash flow are the most frequent basis for the determination of the value of oil and gas properties and the most frequent use of reserve estimates. Long Consultants makes use of commercial PC-based petroleum economics software to schedule cash flow and calculate present values of projected future net revenue from oil and gas production. Estimates of revenue from sales and deductions for operating expenses, capital costs, ad valorem taxes, production taxes, and operating expenses are summed to determine net cash flow. Present value calculations indicate the worth of revenue in today’s dollars. Risks inherent in oil and gas projects, federal tax consequences, and other market conditions that vary with time can then be applied to assess value.

Valuation and Fair Market Value Estimates

  • Market & Collateral Values
  • Acquisitions
  • Estate Evaluations
  • Risk Analysis
  • Divesting
k

Well Log and Prospect Analysis

 

Expert Witness Testimony

 

How Can I help you?

Email

drlong@longconsultants.net

Phone

281.397.8500

Consulting Services

11 + 9 =