Q: What services does Hendrickson Beaird offer?
A: We provide petroleum engineering and reserves evaluation services, including independent reserves reports, acquisition and divestiture support, technical due diligence, litigation support and engineering consulting for oil and gas assets.

Q: What is the difference between a reserves audit and a reserves estimate?
A: A reserves estimate is a full, independent determination of the recoverable hydrocarbons associated with an asset. A reserves audit reviews and validates an existing reserves estimate prepared by another party, confirming its reasonableness and accuracy.

Q: Are you SEC-qualified reserves evaluators?
A: Yes. Hendrickson Beaird follows SEC standards for reserves evaluations, as well as PRMS (Petroleum Resources Management System) guidelines, depending on your reporting or valuation needs.

Q: Do you serve clients outside the United States?
A: We primarily focus on North America but can evaluate international oil and gas assets depending on the scope and available data. Please contact us to discuss your specific situation.

Q: How long does a typical reserves report take?
A: Timing depends on the size and complexity of your asset base, but most reserves reports take between 2 to 6 weeks after all required data is received.

Q: What information do you need to prepare a reserves report?
A: We generally need production histories, lease operating statements, ownership information and development plans. Some situations require additional technical data such as well logs, geologic maps, and well histories, among other information. We can provide a detailed data checklist once we scope your project.

Q: Can you help with reserves for financial reporting or bank requirements?
A: Absolutely. We prepare reserves evaluations and audits suitable for lenders, investors, and financial statement requirements, following applicable standards.

Q: Do you handle unconventional as well as conventional assets?
A: Yes, our experience covers both conventional fields (onshore and offshore) and unconventional plays, including tight oil, shale, and coalbed methane. We are also experienced in water floods, CO2 floods and thermal recovery projects.

Q: How do you ensure independence and objectivity?
A: As an independent engineering firm, we have no financial interest in the assets we evaluate. Our analyses are guided by professional standards and an objective, transparent approach.

Q: What is the best way to get started?
A: Contact us through our website or by phone. We will discuss your objectives and data availability, then provide a scope of work and a proposal tailored to your needs.