QUALIFYING ASSETS
When evaluating potential investment projects, Sethi Petroleum utilizes a proprietary assessment referred to as “the Gauntlet.” Our team of professional landmen, geologists, attorneys and finance and accounting professionals log countless hours evaluating, analyzing and carefully screening dozens of distinct opportunities each week.
We will not put our partners’ capital at risk unless we are convinced that we would fund the entire deal out of our own pockets.
Please see the steps of the Gauntlet below:
Geologic Analysis +
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Well logs and mud logs
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Seismic data and thermal maturity
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Cross-section, continuity between wells and permeability
Geographic Analysis +
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Attractiveness of formation/play
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Tier One
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De-risked (proven reserves and production)
Operator Assessment +
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Drilling philosophy
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Relevant and recent experience
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Field personnel capabilities
Proximity Assessment +
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Recent production of adjacent wells of similar type
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Number of permits
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Multiple wells per section is preferable
Legal Prep +
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Joint Operating Agreement (JOA)
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Continuous drilling clause, HBP provisions
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Cloudless title
Mineral Rights Assessment +
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Location
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Quality mineral rights
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Relative value