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The calculation of reserves and economics is critical
to the buying, selling and financing of oil and gas assets, as well
as an essential part of financial reporting requirements to the
Securities Exchange Commission (U.S.) and similar government agencies
elsewhere. TSG helps clients in all these diverse arenas.
TSG appraises reserves & economics using:
- deterministic methods
- probabilistic methods
- SPE/WPC and various international reserve definitions
for the purposes of:
- acquisition and divestiture of assets
- obtaining project financing
- financial reporting
- estate & ad valorem taxes
- negotiation & litigation (fair market value)
When a client does not require an independent
calculation of reserves and economics, TSG engineers can provide
audit services culminating in an audit letter opining on the reliability
of the calculations. Contact Dr.
Richard
Strickland or Dwayne
Purvis at (817) 338-0800 for more information about TSG
reserve reports and audits.
Clients interested in the acquisition of
properties may also be interested in a web-based
application created by TSG personnel for the monitoring
of production and profit from oil and gas partnerships. For more
information on this proprietary system, contact Brad
Nickle at (817) 338-0800.
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