A&D Competitive Bid Workflow

A&D Competitive Bid Workflow


  • Graphically identify target assets within productive geologic trends.
  • Generate multiple comparative maps of the target fields to neighboring fields.
  • Generate multiple type curves, identify D&C costs plus LOE’s and taxes, and PV10 value per well location.
  • Compare all fields and wells by 90-day IP, cum production, gas oil ratio, hydrocarbon phase, and PV10.
  • Compare reserves and value of target fields and wells to neighboring fields and operators.
  • Secure a complete well list from seller, and cross-reference from 3rd party sources.
  • Interpret the decline curve on every existing well.
  • Carefully evaluate abandonment pressures and conditions.
  • Identify potential for tighter well spacing, in-field drilling, multiple benches, longer laterals, increased frac stages.
  • Identify potential for improved wellbore and reservoir efficiency.
  • Identify potential for reducing LOEs, drilling, and completion costs.
  • Identify potential for expanding the value of the asset by selectively acquiring bolt-on opportunities.
  • Secure updated P&A costs.
  • Develop reserves report.
  • Title check all leases.
  • Prepare bid.