BACKGROUND / CHALLANGES Introduction: This poster outlines the challenges and potential solutions for the U.S Bureau of Safety and Environmental Enforcement (BSEE) in managing orphaned wells in the Federal waters of the Gulf of Mexico, including presenting the stakeholders involved and the context of orphaned wells arising due to bankruptcies. Problem: The emergence of orphaned…
Background/Challenges A private equity backed team of 2 executives had been working with NTG Auburn for nearly one year establishing asset management models to engage when and if the team successfully purchased an operating property. The team was able to negotiate directly with a seller (no bid process) for 500 wells, 21,000 BOE/day in the…
Background/Challenges An international firm’s US subsidiary had a large non-operating position but had never been the operator of record in the United States. The firm’s management worked with NTG Auburn for nearly one year establishing asset management models to engage when and if the team successfully purchased an operated property. The team was able to…
Background/Challenges A privately held domestic and international upstream oil and gas company was placed under the authority of the court due to legal actions among the children of the founder. The CEO of Auburn’s parent company was asked to be the Court Ordered Receiver and provide the staff necessary to properly manage two different companies.…
Background/Challenges At the beginning of 2017, the equity sponsor of a management team that was struggling to manage an East Texas PDP field (sponsored asset) with a high-water cut (1% Results/Conclusions Stellus Capital – equity sponsor East Texas PDP field (sponsored asset) Initial need: Operational advisory to management team that was struggling with production…
Effective well abandonment is more than a regulatory requirement—it’s a long-term environmental and operational responsibility. As the industry intensifies its focus on emissions reduction, groundwater protection, and asset lifecycle optimization, operators must approach abandonment with a strategic framework grounded in engineering discipline, safety, and compliance. At NTG Auburn, our expertise in plug & abandonment, well…
How NTG Auburn Delivers Safe, Compliant, and Cost-Optimized Restoration Programs For operators managing mature upstream assets, plug & abandonment (P&A) represents one of the most risk-sensitive and cost-intensive phases of the well lifecycle. Regulations continue to tighten, environmental scrutiny is increasing, and abandonment liabilities are now evaluated on par with drilling and completions performance. At…
