Overview

Learning how to successfully buy and sell petroleum property through trial and error is a costly lesson. In this text, seasoned veteran Jim Haag imparts to readers on both sides of petroleum property transactions, drawing on his more than 25 years experience in the discipline. Addressing the acquisition and divestiture of individual producing or discovered non-producing assets Haag, in step-by-step fashion covers the entire process so readers will understand each step in the process, know where that step fits in the overall transaction, and anticipate what will happen next. Key Features & Benefits: • Case histories show how the author's guidelines are applied in working transaction proposals • """"Lessons Learned"""" chapter summarizes for readers how they can avoid common mistakes

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9781593700454

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Jim Haag was employed by Texaco, Inc. for 27 years working properties in the Gulf of Mexico and the Gulf Coast from South Texas to Florida. As Business Development Manager and Senior Evaluations Coordinator, he developed an effective portfolio management strategy while performing and directing in-house and third party reserves and economic analysis for property purchases, trades and sales. In leading data room teams in property acquisition efforts, he synthesized the efforts of the engineering, geological, geophysical, tax, comptrollers, land, operations and fiscal team representatives. He coordinated the marketing, negotiating, and closing of divestment packages. Haag has also performed feasibility determinations for offshore wildcat discovery developments, enhanced recovery and new pipeline projects, joint ventures, and alternate funding opportunities. He has written texts for and taught numerous in-house economics and risk analysis schools. Haag is a registered Petroleum Engineer in the State of Louisiana. He currently serves on the Board of Directors of the Society of Petroleum Evaluation Engineers (SPEE) and is also a member of the Society of Petroleum Engineers (SPE).

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