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Bringing it all Together: Oil & Gas Operations after Acquisition and Diligence. Gina M. Banai. Exploration & Production Phases. Acquisition Planning & Permitting Construction Drilling Completions Production Midstream. Acquisition. Acquisition.
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Bringing it all Together:Oil & Gas Operations after Acquisition and Diligence Gina M. Banai
Exploration & Production Phases • Acquisition • Planning & Permitting • Construction • Drilling • Completions • Production • Midstream
Acquisition • The process of acquiring a Working Interest in Oil and Gas Leases for development • Landowners • Brokers • Oil & Gas Operators • Purchase in Fee
Planning & Permitting • Well site location and design is typically based upon the following factors: • Geology • Landowner preference • Current infrastructure in place • Roads, pipelines, etc. • Environmental restrictions • Wetlands, streams
Planning & Permitting • ESCGP-2 Permit • Earth Disturbance • General Permit • Stream and wetland crossings • Highway Occupancy Permit (HOP) • Well Permit • Joint Permit Application • For larger scale projects- when certain criteria are in place the Army Corps of Engineers and DEP must both evaluate and approve plans • Township Permits • Sewage • Grading