Independent engineering support for operators, investors, lenders and mineral owners: what an asset is worth, what its reserves really are, and how to get more out of it.
Start a conversationOverview
Founded in 2002 by Brian Weatherl, a reservoir and petroleum engineer with more than 40 years across the Permian, Mid-Continent, Arkoma, Williston, Gulf Coast and international projects, Source Rock has supported more than $2 billion in upstream acquisitions and divestitures.
Services
SEC and SPE-PRMS reserves, year-end reporting and third-party audit support.
Data-room review, PDP and PUD forecasts, upside identification, ARIES economics and bid support.
Reserve reports and borrowing-base cases for reserve-based lending.
Price-per-BOE valuations for owners, so you negotiate from engineering value, not price per acre.
Workover, recompletion, waterflood and horizontal redevelopment programs, from AFE through execution.
Risking long-lateral type curves for late-life toe loss, wellbore delivery and cleanout outcomes.
Testimony and technical support in reserves, valuation and operations disputes.
Approach
We work for the client, not the deal. Every forecast is built to hold up to auditors, lenders and buyers.
We have invested our own capital in projects we engineered, so we evaluate risk the way an owner does.
Recommendations tied to actual production, actual costs and what can really be executed in the field.
Client data and project details are held in strict confidence.
Principal
Former VP Engineering of an NYSE-listed E&P, where he ran year-end SEC reserves and generated the engineering behind a major Permian acquisition from ExxonMobil. Earlier roles at Williams (Senior A&D Engineer; President's Award, Barrett Resources acquisition), Vintage Petroleum, Chevron, Core Laboratories and Welex.
Experienced expert witness. Published on horizontal coalbed methane completions (Oklahoma Geological Survey). B.S. Petroleum Engineering, University of Tulsa.
Contact
Brian Weatherl · bweatherl@sourcerockenergy.com · 918-629-8177
Tulsa, Oklahoma