‘No Money Down’ Revitalization

Abstract

Innovative and forward-thinking services companies are offering their new products and processes to operators with underperforming wells with the understanding that they will be paid for their products and services out of increased production. ‘No Money Down Revitalization’ can be very positive. First, the operator who is suffering in a low price environment does not have to put up any initial capital. Second, the service provider is able to charge a slightly higher price to account for the financing and the additional guidance. Finally, geologists and engineers are able to be paid for locating candidates, developing workflows, and overseeing the match-making out of the increase production. This session presents case studies from companies that have offered creative financing to operators to implement their new techniques and technologies, with positive results.

AAPG Datapages/Search and Discovery Article #90266 © 2016 AAPG Pacific Section and Rocky Mountain Section Joint Meeting, Las Vegas, Nevada, October 2-5, 2016