Consulting

29 North Energy evaluates assets probabilistically - which means that our clients can realistically assess their confidence in the results and see the influence of various factors on the value of an asset.  Using this knowledge, 29 North Energy will work with our clients to determine the likelihood of downside outcomes and to structure deals to mitigate the risks. Our analyses use both proprietary software and spreadsheet-based tools as well as commercially available software.  29 North Energy is also able to offer specific tools and training to our clients to help streamline decision-making.

Basin and Asset Screening

We provide consulting services and tools to analyze production and accounting data for upstream oil and gas assets. We work with commonly available tools such as Tableau for spatial analysis and data visualization, and Excel for the analysis of production data and the development of type curves and breakeven economics. While we can adapt our services to suit client needs, 29 North Energy’s standard is to apply statistical techniques to quantify the risk and uncertainty associated with production and cost forecasts. We have also had experience merging and analyzing data from multiple sources such as production and OPEX forecasts from ARIES with revenue and JIB data from P2 BOLO, to provide a variance dashboards.

Asset Valuation

We provide asset valuation services in support of Acquisition and Divestiture analysis for both mid-stream and upstream assets.  We are experienced users of ARIES, PhdWin and Val Nav evaluation software, and have considerable experience extracting and analyzing detailed accounting data from database systems to support cost forecasting. Asset valuation reports are tailored to the client needs, but can include probabilistic evaluations of production data as well as type curves that are correlated with various factors, such as lateral length and proppant load.  Probabilistic assessments can yield realistic confidence limits around asset value, probabilities of downside outcomes, and valuation sensitivities to various quantities such as costs and commodity prices. This approach allows our clients to weigh the factors that are most significant for their company and help to plan for current and long-term maintenance of the asset. Additionally, for acquired assets, 29 North Energy has a suite of post-mortem analytics that can assess forecasting quality.

We also have experience in evaluating a range of midstream assets such as: natural gas storage, which can have similar subsurface risks to upstream oil and gas; landfill gas, which has uncertainties and risk around production quantities and qualities; and pipelines, which depend upon upstream oil and gas supply.