Investing in Oil and Gas (5th Edition)

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CreateSpace Independent Publishing Platform, Jun 8, 2013 - 470 pages

Investing in Oil and Gas is for investors who want to directly participate in the drilling of new wells or the acquisition of producing properties. It was written by a Licensed Petroleum Engineer with over 20 years of experience in oil and gas exploration and production involving over 1,000 wells in multiple U.S. states and 15 countries with both international super major oil companies and small independent oil companies, in both vertical wells and deviated wells, and in all geologic settings. The book is divided in to three parts.

Part I covers oil and gas operations in the field including geology, petroleum, subsurface control, seismic, drilling rigs and drilling a well, logging, coring, mud logging, completions, reservoir drive mechanisms, and selling oil and natural gas.

Part II is a discussion of legal matters and financial analyses in oil and gas investments. It covers oil and gas leases in detail. It also delves in to deal structures and financial analyses including the construction of a projected cash flow. An additional chapter is dedicated to accounting and federal taxation.

Part III is an 800-point checklist for evaluating oil and gas drilling investments. The checklist includes sections for reservoirs, geology, offset well information, production histories, maps, seismic data and seismic shoots, operations planning, cost estimates, financial analyses, oil and gas leases and other legal documents, deal structures, accounting, taxation, securities, personnel, and general risks. There is a glossary and an appendix with state and federal references. There are over 70 photographs, illustrations, and diagrams.

PART I:

OIL AND GAS FIELD OPERATIONS

Chapter 1: GEOLOGY

Chapter 2: PETROLEUM

Chapter 3: FINDING A PROSPECT

Chapter 4: DRILLING A WELL

Chapter 5: FORMATION EVALUATION

Chapter 6: COMPLETIONS

Chapter 7: PRODUCTION

Chapter 8: RESERVOIR DRIVE MECHANISMS

Chapter 9: WORKOVERS

Chapter 10: PLUGGING AND ABANDONING

PART II:

LEGAL DOCUMENTS AND FINANCIAL ANALYSES

Chapter 11: OIL AND GAS LEASES

Chapter 12: OIL AND GAS DEAL STRUCTURES

Chapter 13: ECONOMIC EVALUATION (FINANCIAL ANALYSES)

Chapter 14: OIL AND GAS TAXATION

PART III:

800-POINT CHECKLIST FOR OIL AND GAS INVESTMENT EVALUATIONS

This one-of-a-kind checklist provides a systematic method of evaluating your oil and gas drilling opportunities.

Chapter 15: Reservoirs and Geology

Chapter 16: Maps

Chapter 17: Offset Wells

Chapter 18: Seismic

Chapter 19: Well Plan (Operations Plan)

Chapter 20: AFE (Cost Estimate)

Chapter 21: Financial Analyses

Chapter 22: Oil and Gas Leases

Chapter 23: Legal Documents

Chapter 24: Oil and Gas Deal Structure

Chapter 25: Accounting and Taxation

Chapter 26: Securities

Chapter 27: Personnel

GLOSSARY

APPENDIX

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About the author (2013)

nbsp;MIKE MAY, P.E.LICENSED PETROLEUM ENGINEER: 20 Years of experience in oil and gas.COMPANY EXPERIENCE: Provided engineering advice to ExxonMobil, BP, Shell, Anadarko, Chevron, Conoco, Statoil, and dozens of independent oil companies.GEOGRAPHIC EXPERIENCE: Oil and gas wells in Texas, Louisiana, California, North Dakota, Washington, Wyoming, the Gulf of Mexico, Trinidad, Argentina, the United Kingdom, Romania, Azerbaijan, North Africa, Iraq, India, the nation of Georgia, Vietnam, and Malaysia.Investment Leader exploring for new oil and gas reservoirs by performing 3D seismic surveys in well-known oil producing regions of the U.S.LOG ANALYSIS: Personally logged over 700 oil and gas wells at the well site. Planning and supervision of 600 additional open hole logging and cased hole wireline jobs in the office for total involvement in over 1,300 well site jobs.Service company counterpart to the top Petrophysicist at an international super major oil company with operations in 15 countries. Negotiated international oilfield service contracts with a total value in nine figures.SPEAKING: Has spoken to industry audiences around the world from oil companies in Houston and Dallas; to the Geological Society of London; to technology seminars in India.EDUCATION: B.S. Petroleum Engineering Texas A & M University, cum laude.PHILOSOPHY OF LIFE AND WORK: Mike enjoys the challenge of exploring for oil and being around others who want to do the same. He uses seismic surveys to find never-before-seen underground structures that may contain oil and he does direct participation programs to get wells drilled in those structures. Those are his primary efforts. He wrote the book as a way of meeting and getting to know fellow travelers on this road. It's all one big adventure for Mike. He wants to help people be their best.nbsp;Mike May, P.E. (832) 382-9976 mike.may@limestoneoil.com LinkedIn: www.linkedin.com/in/mikemaype/

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