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…
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…
The Permian Basin has a long history of using hydraulic fracture stimulation to enhance oil recovery and long term well performance. Over the last several decades thousands of wells have been hydraulically…
Wellbore schematics are essential tools in the energy industry, particularly in the oil and gas sector. They provide a graphical representation of the subsurface geological formations, the location of the wellbore, and the various components of the well, such as the casing, tubing, and cement. The value of well barrier schematics lies in their ability…