A&D Negotiated Terms Workflow

Secure complete well list from seller, cross-reference from 3rd party sources.
Request outside 3rd party reserve report from seller.
Interpret the decline curve on every existing well.
Carefully evaluate abandonment pressures and conditions.
Identify well spacing, and potential for in-field drilling.
Identify potential for improved wellbore and reservoir efficiencies.
Identify potential for reducing LOEs, drilling, and completion costs.
Identify potential for expanding the value of the asset by selectively acquiring bolt-on opportunities.
Negotiate and discuss preliminary 3rd party reserves audit.
Secure updated P&A costs.
Develop independent reserves report.
Title check all leases.
Prepare bid.