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Case Studies

Surge Energy Evaluates Plays Faster, with Greater Confidence

In a fluctuating market, M&A deals are a challenge to execute for many Canadian oil & gas companies, and Surge Energy’s acquisition of Mount Bastion Oil and Gas Corp. was no exception. To make a confident, sound decision, the company needed access to accurate Play Metrics analysis – quickly.

Project Highlights

  • Canadian, oil-focused E&P company
  • Expedited asset valuations with an unbiased and relative dataset
  • Access to Sproule’s expert opinion of production profiles and economic parameters for key Canadian resource plays
  • Solid decision support for acquisitions, in less time

Challenge

  • Expedite type curve evaluations, which could take weeks or even months
  • Evaluate a prospect more quickly 
  • Make acquisition decisions with unbiased analysis and greater confidence

Solution

  • Rapid, relative analysis on a particular play 
  • The ability to evaluate a prospect with reliable, unbiased results 
  • Greater confidence in asset performance and ROI assessments

Value

  • Surge can identify opportunities across Western Canada – helping forecast future cash flow from resource plays and enabling faster decision-making with increased confidence
Matthew Tymchuk, P.Eng.,<br/>Manager, Engineering

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Contact an expert today to discuss how Sproule can help you solve some of the most challenging issues facing your business today.

Matthew Tymchuk, P.Eng.,
Manager, Engineering