615-370-0755

615-370-0755

Services

Wright & Company, Inc. offers a wide range of technical and professional consulting services to both companies that do not have an in-house staff and as a supplement to those that do.  Whether you need one, two, or all of the offered services, we can put together a consulting service package to help reduce your workload, provide independent evaluations and reports, and streamline the acquisition and divestiture processes.

 

Our philosophy as consultants and advisors is to provide our clients with comprehensive, quality service that will generate maximum income and savings, minimize client workload, and provide peace of mind.  While every client’s consulting service package is different, all fees are based on our fundamental Philosophy on Fees.

 

As a part of most offered services, Wright & Company, Inc. offers the client a final summary report.  Please view the available Types of Reports.

Property Evaluations

Estimating reserves and projecting future cash flow provides the basis for strategic planning, which is necessary for the growth and long-term development of our clients’ business concern. Wright & Company, Inc. employs accepted industry methods in all projections, estimates, and analyses.

Volumetric Calculations and Performance Analyses to include Decline Analysis, Ratio Trends, and many others.

Estimating Reserves

In the early life of an oil or gas reservoir when there is little or no production data, the estimates of reserves are generally obtained by volumetric calculations, which require a knowledge of the size of and the properties included in the reservoir. The properties of the reservoir are predominantly measured by various logs run in the wellbores.

We offer:

  • Detailed log analysis in all major producing areas.
  • Ability to use computer programs developed in-house to provide accurate calculations of parameters.

If the reservoir has been producing, performance analyses may be applied. Whenever possible, or when required, Wright and Company, Inc. will utilize one or more estimation methods to obtain a consistent result. In addition, comparisons with offset data are used to verify the results and determine if they are analogous with other fields in the area. Reserves estimation methods include:

  • Decline Curve Extrapolation
  • P/Z Curves
  • Ratio Plots
  • Analogy to other similar producing properties
  • Material Balance Calculations, including the Numerical Simulator

Expected future production and sales of oil, gas, and any associated byproducts; Estimates of either monthly or yearly net revenues expected to be received from those sales.

Forecasting Cash Flow

Wright & Company, Inc.’s formal reports contain a projection of the expected future production and sales of oil, gas and any associated byproducts and estimates of either monthly or yearly net revenues expected to be received from those sales. These forecasts may include income adjustments from: ad valorem and severance taxes, lease operating expenses, capital costs required for the drilling of new wells, workovers, and the installation of surface facilities. Special considerations may also be included for various escalations, interest reversions, partnership splits and payout calculations.

The two main programs we utilize for economic forecasting are OGRE (Oil and Gas Reserves Evaluation System), developed by DPC&A, Dallas, TX and ARIES- the integrated Production, Reserves, and Economic Evaluation System from Landmark. We can run these programs based upon your existing database or we can create a database from your raw data.

Volumetric Calculations and Performance Analyses to include Decline Analysis, Ratio Trends, and many others.

Estimating Reserves

In the early life of an oil or gas reservoir when there is little or no production data, the estimates of reserves are generally obtained by volumetric calculations, which require a knowledge of the size of and the properties included in the reservoir. The properties of the reservoir are predominantly measured by various logs run in the wellbores.

We offer:

  • Detailed log analysis in all major producing areas.
  • Ability to use computer programs developed in-house to provide accurate calculations of parameters.

If the reservoir has been producing, performance analyses may be applied. Whenever possible, or when required, Wright and Company, Inc. will utilize one or more estimation methods to obtain a consistent result. In addition, comparisons with offset data are used to verify the results and determine if they are analogous with other fields in the area. Reserves estimation methods include:

  • Decline Curve Extrapolation
  • P/Z Curves
  • Ratio Plots
  • Analogy to other similar producing properties
  • Material Balance Calculations, including the Numerical Simulator

Expected future production and sales of oil, gas, and any associated byproducts; Estimates of either monthly or yearly net revenues expected to be received from those sales.

Forecasting Cash Flow

Wright & Company, Inc.’s formal reports contain a projection of the expected future production and sales of oil, gas and any associated byproducts and estimates of either monthly or yearly net revenues expected to be received from those sales. These forecasts may include income adjustments from: ad valorem and severance taxes, lease operating expenses, capital costs required for the drilling of new wells, workovers, and the installation of surface facilities. Special considerations may also be included for various escalations, interest reversions, partnership splits and payout calculations.

The two main programs we utilize for economic forecasting are OGRE (Oil and Gas Reserves Evaluation System), developed by DPC&A, Dallas, TX and ARIES- the integrated Production, Reserves, and Economic Evaluation System from Landmark. We can run these programs based upon your existing database or we can create a database from your raw data.

Petroleum Database Creation & Management

At Wright & Company, Inc., we understand the significance of geographic and economic data associated with your oil and gas development and operations. Our team of oil and gas experts can build a custom database tailored to your specific needs using your raw data, saving you valuable time and effort. Even if you already have an existing database, our seamless integration and management of your database ensures smooth compatibility with various industry-leading programs, including ARIES® Petroleum Economics Software, ComboCurve®, PHDwin, Spotfire®, and ArcGIS®.

 

Our meticulous quality control process guarantees data accuracy and integrity, providing you with the confidence to make informed decisions. Let us handle the complexities of database management while you focus on your core business objectives. Contact us today to experience the ease and efficiency of our Database Creation and Management service and unleash the true potential of your projects with Wright & Company, Inc.

Audits/Reasonableness Reviews

Ensuring Sound Decision-Making For Our Clients

In an era where companies heavily rely on sophisticated software-based petroleum reserves and economics evaluation programs for daily decision-making, our expertise in conducting audits and providing impartial assessments of internal projections has become increasingly sought after. We have established ourselves as trusted partners for companies looking to validate the reasonableness of their reserves and economic projections.

 

Our technical staff excels in efficiently analyzing diverse databases and working seamlessly with various petroleum economics software. This expertise streamlines data transfer and offers the much-needed assurance sought, particularly by funding companies. Our petroleum consultants conduct comprehensive reviews of both internal and third-party estimates of reserves and economics, presenting unbiased opinions that serve as a reliable foundation for various transactions.

 

Our most requested areas of review encompass:

  • Oil and Gas Reserves Evaluation: Evaluating the accuracy and credibility of reserves estimations.
  • Economic Parameters: Assessing critical aspects such as working and revenue interests, operating expenses, oil and natural gas futures strip pricing, product pricing, state and local taxes, salvage and abandonment costs, and capital expenditures.

 

At Wright & Company, Inc., we are committed to enhancing the confidence and transparency of your decision-making processes. With our meticulous approach and wealth of experience, we aim to foster trust and efficiency within the oil and gas industry, ensuring you make informed choices based on robust evaluations.

ESG Reporting

ESG reporting is becoming increasingly important as investors, stakeholders, and the public demand more transparency from companies about their ESG performance.  We help our clients identify their ESG risks and opportunities by collecting and analyzing their data and assisting in report preparation.

 

We have staff members that are Certified Sustainability Professionals through the Global Reporting Initiative and have received a certificate of proficiency in GHG Verification for Inventories and Projects from the GHG Management Institute.

 

Wright & Company, Inc. can help you highlight your environmental targets effectively, illustrating the positive influence of your existing policies and values, as well as the untapped potential that lies ahead. This will empower investors, financial institutions, and other stakeholders to see the far-reaching impact their investments can have.

Reservoir Analysis

At Wright & Company, Inc., we specialize in precise and comprehensive reservoir analysis, a critical component for managing oil and gas reserves. Our team of oil and gas experts understands that reservoir evaluation is a complex, multi-faceted process, and we are committed to offering detailed and accurate analyses that drive decision-making and strategic planning.

 

Leveraging a wealth of data sources, we incorporate geoscientific, reservoir engineering, and well production data to create a robust understanding of reservoir behavior and potential. Our rigorous methodologies allow us to consider data from various domains, including seismic, petrophysical, geological, geomechanical, and production data, ensuring that our evaluations are not just accurate but also holistic. Our experts will incorporate your data, publicly available information, as well as our expert experience gained through working in various US basins. By harnessing the power of the latest technology and software, we turn this diverse data into actionable insights, helping you maximize the value of your reservoir assets. Trust Wright & Company, Inc. to deliver the meticulous, data-driven reservoir analysis that underpins successful exploration and production strategies.

Special Services

There are many situations that call for a unique combination of professional services which not only require an understanding of Property Evaluation and Reservoir Analysis, but also require a keen understanding of the needs of the financial, government, legal, and securities communities.

 

Our experienced team of oil and gas experts frequently fulfills special needs to include:

  • Initiator/Facilitator for property acquisition and divestiture: From data collection and evaluation to presentations to interested parties, we are involved from the very beginning through the final transaction.
    • Representing clients for acquisitions, divestitures, mergers, property trades and joint ventures
    • Providing estimates for fair market value using accepted industry evaluation standards and techniques
    • Analyzing all relevant data such as lease operating statements, pricing, development plans, forecasts, type curves and upside potential

 

  • Serve as an oil and gas expert in litigation: We provide independent expertise to help resolve disputes, representing both operators and investors.  Our thorough research and professional opinions have also led to negotiated settlements prior to lengthy legal battles.
    • Acting as an expert witness providing evaluations, reports, and expert testimony for oil and gas litigation, mediation, and settlement negotiations
    • Contributing support to legal teams and recommending strategic
            considerations for dispute resolution
    • Formulating conclusions based on well-researched analyses supported by current industry trends, technologies, and engineering principles
    • Delivering results with precise and compelling documentation

 

  • Midstream: Wright assists midstream clients in planning for oil, gas and NGL throughput volumes for current and future facilities. Midstream operators are commonly not provided with sufficient data from their upstream counterparts, or simply want peace of mind that upstream will be able to deliver. Wright can provide this peace of mind with our holistic upstream evaluation process based on midstream operations area, or customer list.

 

  • Database Quality Control: Whether it’s an acquisition database, or you are looking for peace of mind for your company’s internal database, Wright’s quality control process will ensure consistency and accuracy. Our process results in a QC report that shows program specific items, as well as discusses any issues in common language

 

  • Reservoir Engineering Management: Wright is here to assist with your reservoir engineering needs. Our team of seasoned reservoir engineers works closely with our clients to understand their unique needs and goals, providing personalized strategies to efficiently manage their reservoirs. Our expertise spans across areas such as petroleum reserves estimation, oil and gas production forecasting, field development planning, and enhanced recovery techniques. Whether you are looking to increase oil and gas production, extend the life of a field, or maximize the economic recovery of your reservoirs, our mission is to provide the engineering and managerial support that ensures your success.

 

If you are seeking services that are not listed on our website, kindly reach out to us. Our primary objective is to fulfill your service needs, exceed your expectations, and foster a long-lasting business relationship with you. Your satisfaction is our utmost priority, and we are committed to providing you with exceptional service. So, don’t hesitate to contact us; we look forward to accommodating your needs and serving you in the future.

Thoughts on Service

“Our professionals stay alert to new technical advancements in all phases of the petroleum industry, and continue to increase efficiencies to fulfill the needs of our clients.”