Property Evaluationsinclude any level of study requested by the property owner:
However, AEA takes an exploitative view while evaluating your property. Our engineers and geologists have extensive operational as well as reservoir evaluation experience. If given the data and materials, they will study the "exploitation potential" of your property(s) considering modern logging techniques, cutting edge drilling and completion methods, updated producing methods, etc., and summarize these for the client in their final report. If any of these "discovered" upsides are bookable, they will be added to your reserves.
AEA uses PHDWin for its engineering program, which also converts to ARIES DOS. Reports include the details of the assumptions used, summary and detailed economics, and always include decline curves. All reserve bookings are in accordance with SEC guidelines, and will be able to be included in your 3rd party auditor's annual reserve report.