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AcquisitionsWhen it comes to oil and gas acquisitions, Pemberton Energy relies on the combination of relatively low geological risk and high reserve potential. The first challenge of this low/high combination is to find such a property. Our geophysicists analyze technical reports and well logs to determine an area’s production potential. Sometimes 3D seismic data points to reserves that previous 2D data missed, or new drilling methods suddenly make a property’s ultimate development cost-effective. The second challenge is to secure such a property. Letters of Intent to lease are drafted. Terms and conditions are negotiated on everything from working interests to subsurface mineral rights to division of drilling and completion costs. Fortunately for Pemberton Energy, our team’s experience helps us meet those challenges every day so we can move on to exploration.
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