Reserve

Estimation of oil, gas, and natural gas liquids reserves
Undeveloped reserves estimate and classification
Development planning assistance and expertise in both undeveloped and underdeveloped fields
Reserves audit evaluations
Mergers and acquisitions
Divestitures

PetroMath goal is conducting reserves assessments, domestically and internationally to enable clients to report to the banks, investors and regulator reports help buyers and sellers to develop accurate capitalization and financing strategies.
PetroMath provides globally recognized evaluation and reporting guidelines and classification systems such as NI 51-101, SPE-PRMS and SEC compliant third party reserves reports, external audits and reviews of reserves and energy pricing analysis and forecasting and delivers cost effective and custom solutions for clients’ oil and gas projects and develop fit-for-purpose practices that meet their needs, investors and regulatory bodies.
PetroMath approach involves a multi-staged process and can range from an audit opinion of reserves estimates prepared by others, to a fully detailed evaluations of oil and gas assets. We provide reserves databases in both ValNav and Mosaic formats.
PetroMath typically conducts evaluations using one or a combination of techniques such as: volumetric; well-performance, including decline-curve and rate-transient analysis; mathematical modeling, including the use of material balance and reservoir simulation; and analogy comparing reservoirs with geologic and/or performance similarities.