Alternatives

July 1, 2015

Third Quarter 2015

Value Focus: Energy

Exploration & Production Overview

As the 4th quarter begins, uncertainty is rife within the Exploration and Production (E&P) industry. Over 12 months into a declining oil price environment, barrel prices have experienced levels not seen since the financial crisis. The changing economics and marketplace have presented a challenging operating environment and E&P companies need to address their production levels, leverage levels and appetite for more (or less) reserve assets. Let’s first explore what has led us to the current situation: oil demand, supply, and price.

Download the full newsletter

Download
Download the newsletter

Continue Reading

How Do Reserve Categories Affect Oil and Gas Valuation?
How Do Reserve Categories Affect Oil and Gas Valuation?
Reserve categories influence oil and gas valuation through differences in recovery certainty, required capital, development timing, and exposure to execution risk. Understanding how PDP, PDNP, PUD, probable, and possible reserves differ helps support more defensible valuation assumptions and conclusions.
How Do Business Appraisers Account for Cyclicality When Valuing Oilfield Services Companies?
How Do Business Appraisers Account for Cyclicality When Valuing Oilfield Services Companies?
Oilfield services companies present distinctive valuation challenges because earnings, market multiples, cash flow, and equipment values can shift materially across the industry cycle. Effective appraisal requires applying the income, market, and asset-based approaches with careful attention to normalized performance and cycle position.
Digging Into Frac Sand Royalty Valuation
Digging Into Frac Sand Royalty Valuation
Frac sand royalty valuation requires more than applying a royalty rate to estimated reserves. A supportable analysis must consider lease terms, recoverable and saleable tonnage, production timing, regional demand, and the risks that affect future royalty cash flows.
Energy Valuation Insights Blog Oil & Gas
Read Now about Digging Into Frac Sand Royalty Valuation

Cart

Your cart is empty