Worldwide Petroleum Consultants

Worldwide Petroleum Consultants

Reserves Certification

Our expertise helps our clients secure financing, communicate company health and increase shareholder confidence. Our evaluations are highly respected globally by major oil and gas companies, independents, NOCs, international banking institutions and securities commissions.
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Strategic Advisory

Acting for IOCs, NOCs, independents, financial institutions and other stakeholders, Sproule has an established track record of advising clients on mergers and acquisitions, technical due diligence and fair market valuations. Our independent reports are used in the sell-side marketing processes, and we are often retained as a technical advisor for quantitative and qualitative analysis of target assets. Learn more

Sproule serves its clients by providing strategic advice that goes beyond the technical report. Our experienced geoscientists and engineers work collaboratively to assist clients with their field development plans and capital strategies. As field complexity continues to grow our team provides solutions for maximizing net present value, optimizing recovery and minimizing operational and financial risks.

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Reservoir Characterization
& Integrated Services

We help clients solve their most pressing problems and achieve their goals by providing unmatched technical expertise. Our solutions are client focused and we pride ourselves in being able to accommodate the unique technical requirements of each of our clients. Sproule’s integrated subsurface team focuses on providing reliable predictions to meet client aims while maintaining technical accuracy. Learn more

Sproule Academy

Sproule Academy, Sproule’s educational arm, has been delivering courses to the industry for over 40 years and is staffed by instructors with applied expertise from decades of hands-on experience. The Academy delivers courses in Calgary and other energy hubs around the world, offering courses both on a public enrollment basis as well as the option for clients to tailor courses to their specific interests and needs.
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Wednesday, February 15 2017

Executive and board-level Greenhouse Gas Strategy course to be hosted by Sproule and Synergy Risk Solutions

Sproule announced today the partnership with Synergy Risk Solutions to host the Greenhouse Gas Strategy for Executives course, taught by the revered Dr. Christine Schuh, PhD, P.Eng, an international expert in GHG verification and validation. Continue reading.

Wednesday, February 8 2017

Sproule Webinar Series Presents Predicting Long Term Well Performance using Early Life Data

Join Matt Tymchuk, Manager, Capital Strategies as we discuss what early life production data should be considered when preparing performance estimates. Continue reading.

Tuesday, February 7, 2017

Sproule Enters Brazil's Oil and Gas Market with Strategic Hire

Sproule, a leading global energy consulting firm, is pleased to announce the addition of a new senior energy executive, Nelson Narciso Filho, to lead its business development efforts in Brazil. Continue reading.

Monday, February 6, 2017

Executive and board-level greenhouse gas strategy course to be hosted by Sproule and Synergy Risk Solutions

Sproule announced today the partnership with Synergy Risk Solutions to host the Greenhouse Gas Strategy for Executives course, taught by the revered Dr. Christine Schuh, PhD, P. Eng., an international expert in GHG verification and validation. Continue reading.

Thursday, February 2, 2017

Sproule registered by Comisión Nacional de Hidrocarburos (CNH) to conduct petroleum reserve audits in Mexico

Sproule announces approval by the Comisión Nacional de Hidrocarburos (CNH) of Mexico to conduct reserve audits in Mexico. Continue reading.

Tuesday, January 17, 2017

Sproule Launches New Type Curve Analysis Database and Report

Sproule announces the launch of its new Type Curve Analysis database and report. An industry first, this powerful new offering can dramatically shorten the time spent: screening opportunities, evaluating producing wells and benchmarking performance—helping E&P companies and financial firms stay ahead of the competition, increase efficiency and decrease costs. Continue reading.

Wednesday, November 16, 2016

New Technical and Economic Feasibility Study from Sproule: Down-spacing in the Viking

Optimize drilling programs and efficiently increase production through insight into the long term performance of multi-fractured horizontal wells in the Viking. This study assesses the impact of down-spacing on new and offset wells. It examines ultimate recoveries (EURs) and identifies which scenarios are most economic in the current low price environment. Continue reading.

Thursday, November 11, 2016

Planning for the Future - A paper by Sproule and GPMi

Sproule and GPMi experts published their paper which discusses the importance of integrating upstream, midstream, and marketing expertise when creating a field development plan. Download the paper here.

Friday, October 31, 2016

Download Sproule's Presentation on the Recovery of Brazil's Oil & Gas

Sproule gave a presentation addressing the outlook in Brazil’s oil sector recovery and what this could mean for the industry. Download the presentation to learn more.

Friday, October 21, 2016

Access the recording of Sproule's webinar on the impacts of the many
disclosure documents on industry investment

On October 20, Sproule experts hosted a webinar discussing the importance of understanding the distinctions among the various regulatory documents which guide the reporting of oil and gas volumes. Download the webinar recording and presentation to learn more... continue reading

Friday October 7, 2016

Download Sproule's webinar presentation slides on the new
opportunities in Brazil's Oil & Gas Sector

Sproule held a webinar on the opportunities in Brazil's oil and gas sector discussing the collapse of commodity prices plus the large-scale corruption scandal that has impacted Brazil’s oil and gas industry, prompting a deep change in its approach to business. Access the presentation to learn more...continue reading

Wednesday, October 5, 2016

Indian Discovered Small Fields - Executive Summary

The Indian Ministry of Petroleum and Natural Gas launched the ‘Discovered Small Fields Bid Round – 2016’ on May 25th 2016. Under the bid round, 67 discovered small fields are offered in 46 contract areas for development, through global competitive bidding aiming to monetize around 625 Mboe of in-place volumes...continue reading

Monday July 18, 2016

Discovered Small Field Bid Round: India Oil & Gas 2016

On July 18 and 19, Sproule participated in the Indian government’s Discovered Small Field Bid Round 2016 (“DSF Round”) event in Calgary. Sproule was part of a roundtable discussion with the Directorate General of Hydrocarbons and the Ministry of Petroleum and Natural Gas...continue reading

Monday July 18, 2016

Download Sproule's Insights into Alberta Energy's Latest Updates to
the Modernized Royalty Framework

Last week, Alberta Energy announced further details regarding the MRF and introduced two new strategic royalty programs meant to encourage E&P companies to develop emerging high-risk plays and enhance production from existing pools. They also announced the option of an early opt-in for the MRF for E&P companies based on certain application criteria as a means to get more familiar with the program prior to launch in 2017.continue reading

Tuesday May 24, 2016

Sproule will be at APPEA 2016

AppeaSproule's Lowy Gunnewiek, President and CEO and Art McMullen, Manager and Partner, Asia Pacific will be at APPEA from June 5-8, 2016. Click here to read more about APPEA.

Thursday May 19, 2016

Sproule Webinar, "Have the Right Game Plan:Optimize Your Strategy
with LMR/LLR Forecasting"

On Tuesday May 17, 2016 Sproule's Attila Szabo, Vice President, Strategic Advisory, hosted a webinar to discuss the importance of knowing your company's LMR/LLR rating and the value of incorporating LMR/LLR forecasting into corporate strategies.continue reading

Thursday May 12, 2016

Sproule Webinar "Pros & Cons: Impact of the New Royalty Framework
on Key Alberta Plays"

On Thursday May 12, 2016 Sproule's Matthew Tymchuk, Senior Engineer and Miles Hughes, Senior Engineer, hosted a webinar to discuss how the new royalty framework will impact costs associated with key plays such as the Montney, Duverney, Cardium, Viking, Grand Rapids, and more.continue reading

Tuesday May 3, 2016

Sproule Presents Webinar "Have the Right Game Plan: Optimize Your
Strategy with LMR/LLR Forecasting"

On Tuesday May 17, 2016 Sproule's Attila Szabo, Vice President, Strategic Advisory, will be hosting a webinar to discuss the importance of understanding LMR/LLR for considering new investment opportunities, as understanding the true liability of an asset is vital in today’s economic environment. He will discuss how the incorporation of LMR/LLR forecasting into industry workflow can enable the development of effective strategies for today, and tomorrow.continue reading

Thursday April 28, 2016

Sproule Presents Webinar "Pros & Cons: The Impact of the New Royalty
Framework on Key Alberta Plays"

On May 12, 2016 Sproule's Matthew Tymchuk, Senior Engineer and Partner, will be hosting a webinar to discuss how the new royalty framework will impact costs associated with key plays. In this webinar, Sproule experts will examine the impact on key plays like the Montney, Duverney, Cardium, Viking, Grand Rapids, and more. continue reading

Friday, 22 April 2016

Summary of The Alberta Royalty Formulas

Sproule is pleased to provide a summary of the Modernized Royalty Framework formulas issued by the Government of Alberta on Thursday April 21, 2016. We understand that this will have an impact on the value of assets and trust that this document provides insight into the current status of the Royalty Review. The summary can be read here.

For any questions or concerns, please contact Steven Golko at

Wednesday March 23, 2016

Sproule Presents at SPE: "Lower for Longer - The Fine Print"

On March 22, 2016 Sproule's Jordan Magidson, Business Analyst and Chris Mylde, Vice President, Corporate Development, gave a presentation at the Calgary Petroleum Club titled, "Lower for Longer - The Fine Print". In 2014 the vast majority of the world’s premier forecasting agencies, management teams and investors failed to foresee one of the worst downturns in the history of the oil business. continue reading

Friday March 18, 2016

A Comparative Analysis of Resource Plays in Western Canada by
Steven Golko

On March 7, Sproule's Steven Golko, P.Eng., Vice President of Field Development and Capital Strategies presented at the GeoConvention in Calgary at the TELUS Convention Center. continue reading

Tuesday, 15 March 2016

Sproule and GPMi Announce Collaboration on Oil, Gas and Natural
Gas Liquids Price Forecasts

Sproule Associates Limited (“Sproule”) and Gas Processing Management Inc. (“GPMi”) are pleased to announce collaboration on the publication of oil, gas and natural gas liquids price forecasts as part of the Sproule-GPMi strategic alliance. continue reading

Tuesday, 8 March 2016

Miles Hughes to Present at SPE Breakfast Series, March 24, 2016

Sproule's Miles Hughes, P.Eng. will be giving a presentation titled "Valuation of Oil and Gas Assets: Understanding Future Cash Flows" at the SPE Breakfast Series on March 24, 2016 at the Calgary Petroleum Club from 7:30 - 10:00 a.m. continue reading

Monday, 10 March 2016

Sproule Awarded as One of Canada's Best Managed Companies

CbmcSproule is proud to announce that we have been awarded by Deloitte as one of Canada's Best Managed Companies. continue reading

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