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
Manager, Engineering
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