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 PV_10.
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 3^rd 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.