Services Offered
Reserve Forecasts
Reed W. Ferrill & Associates works for petroleum exploration & production companies to assess the future value of petroleum assets and properties for SEC reporting and financing purposes, and provides services to major petroleum lenders to assist in determining the collateral value of assets for energy-based loans.
Forecast audits
Reed W. Ferrill and Associates will audit forecasts created by in-house petroleum engineers to verify accuracy and realistic reserve forecasting, adherence to SPE/SPEE or SEC reserve classifications, bank or SEC pricing, and estimated future costs of operation. We prepare reports calculating value based on requested price scenarios for verified price, cost, and production forecasts, to allow energy lenders and E&P companies to assess the effects of potential market fluctuations on future net revenue.
fair market value appraisals
Reed W. Ferrill & Associates prepares fair market value appraisal reports of oil and gas properties and royalty interests in varying degrees of detail, based on the client's needs and the diversity of the portfolio. The resulting reports are suitable for determining valuation of assets for gift tax appraisal purposes, estate valuations, or for use in acquisition or divestiture scenarios.
acquisition and divestiture services
Reed W. Ferrill and Associates will assist with acquisition of oil and gas interests by analyzing acquisition targets to assess current production and estimate future development potential and economic returns under various pricing scenarios. The company will assist in divestiture by creating exhibits and presenting company properties, reserves, future net value and upside development potential to prospective buyers.
expert witness testimony
Reed W. Ferrill, a licensed Professional Engineer, has been accepted by Colorado courts to serve as an expert witness; to testify on the value of oil and gas properties and the projected future value of oil and gas interests.
references
Individual client and / or lender references will be provided to potential clients upon request - confidentiality agreements prevent Reed W. Ferrill & Associates from publishing client information.