Resolution of Crane vs. Casing Jack Use for Tubular Removal in Offshore Wells

The federal Bureau of Safety and Environmental Enforcement (BSEE) was considering forbidding the use of cranes to remove tubing or casing from offshore wells. They were considering requiring casing jacks for all such work. This would have slowed down the process and increased costs tremendously for the typical Gulf of Mexico rigless P&A process. I assembled a small team of industry experts and presented a one page table documenting existing best practices in the industry to BSEE. This educational meeting…

SCOTT A. BAYLEY

Mr. Bayley, a Managing Director, is the founder of Accumyn and serves as its President. He has served public and private businesses, governmental entities, and law firms with auditing, accounting, financial, and economic consulting services for over thirty years. A primary focus of his practice is analysis of financial damages and economic claims, valuation analysis, fraud and forensic accounting examinations, preparation of expert reports and expert testimony regarding accounting disputes, claims of financial and economic loss, and valuation opinions. His…

LUIGI CALABRESE

Mr. Calabrese has been retained by law firms to assist in matters involving lost profit, lost value, unjust enrichment and other financial and economic analysis. Luigi has also determined pecuniary damages for personal injury and wrongful death and wrongful termination for both plaintiffs and defendants. Luigi has appraised businesses, equity securities and specific assets. Types of securities valued include valuation of common stock of privately held companies on a controlling and non-controlling basis, partnership interests, corporate notes, incentive distribution rights,…

DAN WATSON

Dr. Watson is an expert on econometric and statistical analytics, valuation analysis, economic and financial damage claim computations, and risk management. He teaches Security and Asset Valuation at Rice University.   He also serves as faculty advisor to student teams working as consultants to businesses as part of the school’s Advanced Learning Project.  Dan is a Certified Valuation Analyst. Dan has recently advised a large industrial firm on the probability that non-tradeable executive stock options would “in the money” at…

HANK ARNOLD

Mr. Arnold is a computer programming and software design expert, assisting Accumyn’s clients by providing solutions to complex information technology challenges.  He has over 30 years of software design and development experience in computer programming, systems development, and network administration. He specializes in providing cost effective and timely solutions to “one of a kind” problems, but has also built a significant library of solutions for processing typical data sets for industries such as  healthcare, securities trading, energy, electronic equipment; seismic…

ENERGY OPERATIONS & ECONOMICS

ENERGY OPERATIONS & ECONOMICS Accumyn’s energy practice is distinguished by the hands-on operations and transactional experience of our highly credentialed specialists in economics, finance, accounting, engineering, and construction disciplines. We provide expert witness business valuation, and advisory services to customers and legal counsel in electric generating, oil and gas, refining, maritime, and petrochemical sectors. To ensure the most complete results, we execute a multi-disciplinary approach that leverages specialists from among our practice areas including financial forensics, banking, economic and actuarial,…

GRAHAM BAYLEY

Mr. Bayley is a financial analyst with experience in investment banking and oil & gas corporate finance and operations. He has assisted with a range of advisory related tasks including financial analysis, industry and market research, due diligence and corporate finance modelling as well as preparation of materials providing recommendations to company senior management and board of directors on matters of M&A&D valuation, portfolio strategy and financial structuring. He has served private equity and hedge fund investors as well as…

GUY BRASSEUX

Mr. Brasseux directs exploration and production consulting activities for Accumyn. He has more than 35 years of technical, supervisory, and managerial experience in wells and operations as-well-as special projects with British Petroleum and Amoco, providing him with exceptional prerequisites to professionally address almost any aspect of upstream oil & gas exploration and production. In addition to a solid understanding of onshore and offshore drilling processes, his background includes internal consulting and the training of executives in support of domestic and…

CRAIG G. BRAZAN

Mr. Brazan, a Consultant with Accumyn, specializes in petroleum engineering, drilling and well construction activities, as well as exploration and completion activities. Mr. Brazan has strong technical well construction skills in the areas of casing/tubular design, cementing, hydraulics, bit election, pressure detection, torque/drag modeling, directional drilling, synthetic/invert emulsion fluids applications, completion design, well testing, well performance, sand control, and formation damage control. Mr. Brazan has supervised the planning, drilling, and completion of wells across the Gulf Coast region, both on…

JOHN W. (JACK) BURMAN, PE

 Mr. Burman provides expert consulting services to industry users in areas of oil and gas development projects. His formal training is in mining and petroleum engineering, and his more than thirty years of experience has focused on project management, communication, leadership, team building and engineering skills in world class deepwater, shelf, and land oil and gas development projects. In addition to field operations management and project supervision, he has an extensive background in petroleum and mining engineering that encompasses reservoir,…

MARK DRUMMOND

Mr. Drummond is an experienced exploration and production professional with expertise in well construction projects in the deepwater and Shelf areas of the Gulf of Mexico. He has managed the development and implementation of systematic processes associated with Wells Performance Management; including the reporting and performance analyses of well construction operational activities. Mr. Drummond’s working experience includes over 22 years with a major international integrated oil and gas company as a drilling and reservoir engineer, project manager and team leader…

DREW F. HUNGER

Mr. Hunger is an Affiliate Director serving clients in the upstream sector of the oil & gas industry. Drew actively uses his broad background to provide unique solutions to complex problems. He has more than 35 years of technical experience, both onshore and offshore, with facility construction, operations, production, well intervention, midstream (NGL, CO2, pipeline, compression) and decommissioning. His experience spans working for a U.S. major, a U.K. major, a U.S. major independent, and a small service/production company. Mr. Hunger…

RONALD GUAJARDO

Mr. Guajardo is a recognized expert in the Midstream Industry, specializing in the commercial business development of gas gathering, processing, NGL fractionation and marketing assets. He has over thirty years of commercial and technical experience spanning strategic planning and business development, acquisition and divestitures, asset optimization, and commercial negotiations in all phases of the Midstream Industry. Recruited into Conoco’s Management Development Program, Mr. Guajardo progressed through plant operations and facilities management, gas and NGL marketing, and commercial business development positions…

Valuation and Deal Structure

Engagement was with a large industrial company whose business requires as large volumes of dry natural gas over many years as part of its processes.   The client was considering purchase of natural gas reserves in the ground as a physical hedge against long term increases in the price of natural gas. Dan was engaged to help company evaluate alternatives ranging from purchasing royalty trust interests to working interests with producers.   The physical location of the client’s facilities and regulatory considerations…

BONNIE MILNE-ANDREWS

Ms. Milne is an experienced exploration and production professional with expertise in domestic and international new ventures, acquisition and divestiture, exploration and drilling operation. She has managed a wide range of conventional and unconventional energy projects and consulting engagements in North and South America, the Former Soviet Union, the Middle East, West Africa and Australasia.Her areas of specialty include upstream investment opportunity identification, conventional and unconventional reservoir evaluation, petroleum systems analysis, prospect generation, exploration and development risk analysis, resource assessment,…

STEPHEN NEIGUT

Mr. Neigut has considerable experience in operation, maintenance, optimization, design and construction of facilities within the energy sector. His career spans offshore, pipelines, midstream, refining, petrochemical, biofuels, distribution and retail operations. During his tenure with a previous litigation support company, he authored an authoritative report on world-wide gasoline pricing factors for a major operator. Other litigation support includes economic analysis of a failed refinery services contractor’s business. His work at major refineries has included several projects dealing with recertification of…

ALLEN PARKS

Mr. Parks is Managing Director of Oil Field Services at OFSCap. He also serves as an advisor to StormHarbour Securities in all energy related restructuring transactions. Prior to that he was Managing Director at Global Hunter Securities. Previously, Allen founded Parks Paton Hoepfl & Brown (PPHB) in 2003 to provide financial advisory expertise to the oilfield services sector. Before founding PPHB, he led the oil field services investment banking efforts at CIBC World Markets and Dain Rauscher Wessels (now RBC).…

JONATHAN PARRY

Mr. Parry has twenty years’ experience working with IOC’s, NOC’s and Independents. As a Principal Engineer he has participated in major capital projects in North and South America, Europe, Asia, and the Middle East. At ConocoPhillips he provided oversight to Latin America, Africa, Middle East, Caspian and Russian well operations, and contributed to their new ventures and farm-in activities. In Functional Excellence Mr. Parry is familiar with defining appropriate standards and processes to manage corporate risk and enhance value. He…

BENJAMIN SCHRADER, PE

Mr. Schrader provides consulting and expert services to clients and their outside advisors in matters relating to the energy and capital project management sectors.  He has over 35 years of operating and consulting experience in the petroleum and chemical industries. His 14-year tenure at Chevron Corporation provided extensive refining and supply experience, including managing the operations of refinery process units. Mr. Schrader’s broad experience as a management consultant to the industry since 1991 includes extensive advisory assignments on both domestic…

Economic Benefits to Offshore Hydrocarbon Production Facility

Accumyn’s expert provided deposition testimony on the economic benefits to the owners of an offshore production facility pursuant to the False Claims Act, 31 U.S.C. § 3729(a)(1) and to an incident of noncompliance determined by the Bureau of Ocean Energy Management, Regulation and Enforcement. Accumyn’s team analyzed historical production of hydrocarbons reported to the government for royalty purposes; historical costs of lease payments, royalty production payments, and capital additions; annual volumes summarized by resource and reserve category; and the operator’s…

Damages Analysis for Crude by Rail Dispute

Retained by a global leader in the energy and oil marketing and distribution industry, Mr. Tormo provided expert arbitration testimony regarding damages and the reasonableness of mitigation efforts in a breach of contract dispute involving the transportation of crude and ethanol by rail. Analysis involved determination of damages under Texas Uniform Commercial Code provisions, review and critique of opinions of defendant’s expert, evaluation of shale oil economics during the 2012-2015 timeframe, evaluation of crude by rail economics in the transport…