Friday, July 19, 2019
CALGARY, Alberta, CANADA – July 19, 2019 – Sproule, a leading global energy advisory firm in the oil and gas sector, is pleased to announce the acquisition of MHA Petroleum Consultants. MHA is a Colorado-based oil & gas consulting firm that provides subsurface geoscience and engineering analysis to oil and gas operating companies, legal firms, financial institutions and state regulators.
MHA specializes in reservoir appraisal and analysis, geological modeling and simulation studies, secondary and enhanced oil recovery studies, reserves and economic evaluations, and petroleum training. The firm has an established reputation for providing expert witness testimony and litigation support.
“This acquisition will extend Sproule’s technical bench strength and allow us to assist clients throughout the life cycle of an asset in an increasingly integrated North American market. Sproule’s existing expertise will be complemented by MHA’s extensive reservoir knowledge and experience with key U.S. resource plays and basins,” says Attila Szabo, SVP North America, Sproule.
With offices located in Denver and Bakersfield, this acquisition brings MHA’s diverse U.S. oil & gas consulting expertise, industry contacts, and technical acumen together with Sproule’s, resulting in a formidable energy consulting and advisory firm. “This acquisition will accelerate our ability to seize new opportunities while continuing to deliver reliable subsurface geoscience and engineering analysis to our current clients,” says Deb Ryan, Partner, MHA.
“This acquisition makes good sense for our clients. The combination of Sproule and MHA Petroleum Consultants will strengthen our ability to execute larger-scope projects, including enhanced oil recovery and thermal projects,” says Tim Hower, CEO, MHA.
“Expansion in the U.S. market provides new opportunities for the organization. We are better positioned to compete effectively and deliver solid results, providing global perspectives on critical industry challenges that are underpinned by deep regional expertise,” says Cameron Six, CEO, Sproule.
Sproule is a global energy consulting firm with over a 65-year legacy of driving value for clients by helping professionals in the oil and gas sector make better business decisions—decisions that build sustainable prosperity from energy resources around the world. Sproule is anchored by deep geoscience and engineering expertise combined with a strong commercial understanding of energy markets.
Headquartered in Calgary, Canada, Sproule has offices in Mexico City, The Hague and Rio De Janeiro.