A&D Negotiated Terms Workflow

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.