BUSINESS STRATEGY, MANAGEMENT OF ROYALTY TRUST
Provided business management, administration, and oversight for $100 million oil and gas royalty trust. Retained by owners of the trust as agent of the General Partner of the trust to manage day-to-day business functions, confirm production, invoice and confirm payments, and administer oil and gas marketing contracts as necessary. Managed the transition of the agent post-bankruptcy.
NATURAL GAS MARKETING COMPANY VALUATION
Provided economic valuation for financing purposes of a U.S. Northeast natural gas marketing company. Included cash flow and balance sheet analysis and projection for natural gas supply purchasing activities, transportation and storage contracts, and industrial and commercial marketing activities.
EXPERT TESTIMONY, MARKET VALUATION OF WELLHEAD NATURAL GAS
Retained to evaluate the market value of unprocessed natural gas at the wellhead in southwestern Wyoming. Analyzed the market for raw natural gas in the producing region, evaluated the capabilities of gas processing plants in the area, evaluated the residue gas and natural gas liquids markets, and assessed the processing costs for the natural gas to formulate expert opinion regarding the best method to determine the market value of the unprocessed gas at the wellhead. Appeared in numerous cases before the State Board of Equalization in Wyoming providing expert testimony on behalf of various producers with gas production and processing assets in southwest Wyoming.
EXPERT TESTIMONY, VALUATION OF OVERRIDING ROYALTY INTEREST – EQUATORIAL GUINEA
Retained to analyze and formulate expert opinions regarding the methodology being utilized by Integrated International Oil and Gas Company to determine the market value of natural gas liquids and condensate being produced in Equatorial Guinea for export. Analyses included completion of an audit of prior payments made to the holder of the Overriding Royalty Interest as well as evaluation of the fair market value of the products based on netback methodology.
CONSULTING EXPERT, GAS PROCESSING CONTRACT NEGOTIATION
Retained by producer to provide economic evaluation of existing gas processing contract and recommend potential changes to enhance future economic return for producer.
CONSULTING EXPERT, GAS PROCESSING CONTRACT AUDIT
Retained by producer to evaluate gas settlement under existing contract and evaluate potential contract compliance issues. Resulted in identification of contract compliance issues and subsequent audit exceptions that led to producer’s recovery of proceeds.
EXPERT TESTIMONY, GAS PROCESSING CONTRACT DISPUTE
Retained to evaluate excessive fuel and losses associated with gas production in east Texas. Completed analyses of gas settlement statements, fuel allocation methodology, and expected fuel consumption. Formulated expert opinions and provided testimony regarding these issues.
BUSINESS STRATEGY, NEGOTIATION OF ROYALTY PROVISIONS IN PRODUCING LEASE
Retained by royalty trust to evaluate proposed gas production and gas processing operations for very sour gas production in central Texas. Evaluation included review of the existing field and plant facilities, expected gathering and processing costs, and gas processing economics. Provided recommendations regarding commercial terms as proposed by the operator and relative value implications for the royalty trust.
ACQUISITION NEGOTIATION AND EVALUATION
Completed economic evaluation and negotiation for acquisition of a 200 million standard cubic foot per day gas treating and compression plant. Project responsibilities included negotiation of gas purchase and sale agreements, the evaluation of carbon dioxide contracts and market alternatives, and the determination of the overall condition of plant assets.