Workflows for Acquisitions and Divestitures

3:48 Hours

This course is designed to provide engineers with the basic tools and best practices for approaching acquisitions and divestitures in upstream oil and gas. The course addresses the importance of defining company specific acquisition objectives and leveraging these objectives to direct resources towards the most accretive acquisition opportunities. Additionally, the course explores underwriting best practices for modeling asset inputs, identifying synergies, QA/QC techniques, and uncertainty quantification and the incorporation of all these elements into the valuation process. Finally, we examine how the same objectives and techniques can be used to identify divestiture candidates and prepare a sales case.

1 - Introduction & Objectives

1.01 – Introduction (6 min.)
1.02 – Understanding A&D Objectives (10 min.)
1.03 – Evaluation Phase (6 min.)

2 - Acquisition Underwriting

2.01 – Virtual Data Room (VDR) – What To Expect (8 min.)
2.02 – Proved Developed Reserves (PDP) Forecasting (15 min.)
2.03 – Type Curve Areas (7 min.)
2.04 – Type Curve Volumes (4 min.)
2.05 – Development Planning (9 min.)
2.06 – Capex & Lease Operating Expense (10 min.)
2.07 – Commercial, Midstream & Marketing (18 min.)
2.08 – Uncertainty Quantification (9 min.)
2.09 – Synergies & Upside (4 min.)
2.10 – Qa/Qc (9 min.)

3 - Valuation

3.01 – Price Modeling, Sensitivity , Risk & Accretion/Dilution (15 min.)

4 - Divestitures

4.01 – Asset Selection, VDR Data & Sales Case (10 min.)
4.02 – Diligence Q&A (7 min.)

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