Capital Provider Services

INEXS helps clients understand and quantify oil and gas assets.

When clients are interested in buying, selling, or investing in oil and gas assets, INEXS helps them understand and quantify those assets by determining the risks of each asset through rigorous examination and analysis of existing geological, geophysical & engineering data. INEXS geologists, geophysicists and engineers provide detailed, independent reserves analysis.


INEXS is a geoscience and petroleum engineering consulting firm based in Houston, Texas that focuses on upstream oil & gas assets and company evaluations for capital providers, debt funds, private equity, and upstream oil & gas companies.  INEXS has been very active working with restructuring firms and lenders to build an independent assessment and value of the assets while designing a workflow for ongoing well operations to insure stable cash flow for portfolio companies.

What differentiates INEXS from traditional reservoir engineering firms is the practical, operationally focused and risk-adjusted assessment of the true economic and realizable value of a company’s reserves.  The INEXS team members are very professional, technically adept and are also commercial and can serve as an interface with the business community.”

  • Traditional third party reserve reports are often assembled quickly, with little due diligence, and may be influenced by the client company.
  • Third party reserve reports often have no risks associated with drilling and flowing proven non-producing (PDBP, PUD, PDSI) reserves – both technical and mechanical risks.
  • Conflict of interest makes it impossible to evaluate drilling prospects and portfolios dispassionately and objectively.
  • Some companies and management teams have difficulties communicating technical information in a manner that can be translated easily into financial terms and may overlook key risks or costs associated with finding and developing new opportunities.

INEXS independently evaluates the realizable economic value of a portfolio of assets and analyzed the current production performance and recommends enhancements to improve results.

  • Review third party engineering reports.  Confirm technical support for all proven reserves.  Check support for acreage, reservoir thickness, porosity, water saturation, pressures.
  • Review full presentation of portfolio, identify high value wells, and wells with insufficient support data, then meet with technical team to resolve.
  • Generate risk assessment for recoverable reserves and apply these risk factors to create a risked reserve value for all non-producing and undeveloped locations.
  • Use identified risk values to identify the high value opportunities, and to downgrade those below key threshold ratios.
  • Build full re-completion and drilling schedule to capture all of the high value non-producing and undeveloped locations, and define the Investment necessary to complete the program.
  • Review field operations to identify possible improvements to reduce downtime, lower lease operating expenses, increase field level efficiency, and maximize value.
  • Generate full written report including complete well database, along with the field re-completion and drilling schedule of field operations over the next several years to maximize the value of the entire portfolio.
  • As part of a complete technical review process, INEXS creates a summary report that is a P50 most likely outcome focused on defining and implementing the highest value field operations to maximize cash flow, through the process of generating an independent risk weighted NPV-10 / Investment value for all non-producing future well operations – including Probable and Possible reserves.
  • INEXS provides complete technical project management, with teams that evaluate the technical data, deliver the summary report, with options to implement the drilling, production, abandonment and environmental operations, and deliver the results efficiently and cost effectively.

Operations

  • Supervision and management of day to day operations
  • Production monitoring and reporting (Decline Curves, Histories, etc.)
  • Optimization of artificial lift systems
  • Evaluation of all operating costs
  • Assessment of gathering, transportation and processing agreements

Communication

  • Reporting of operational results on a weekly, monthly or quarterly basis
  • Online access to operational data

Regulatory

  • File all monthly production reporting, annual testing and injection reports required by various state and federal regulatory agencies
  • Monitor production vs sales volumes to insure variances are within normal tolerance

Safety / Environmental

  • On site safety representatives
  • Assessment of current safety programs
  • Phase I site inspections and Hazard and Safety Program assessments
  • Incident response
  • Assess permitting / reporting requirements
    • Air Quality
    • Greenhouse Gas Reporting
    • SPCC Response plans
    • SARA Title III
    • NORM
    • One Call program
  • Regular safety meetings and employee training