Oil & Gas Industry 2017-01-31T17:52:27+00:00

Oil & Gas Industry

LitCon’s professionals have experience in the oil and gas industry using our forensic accounting, engineering, and valuation skills to help clients solve problems. Our accredited professionals include Professional Engineers, Certified Public Accountants, Certified Fraud Examiners, Certified Management Accountants, Certified Valuation Analysts, and other specialized individuals.

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Industrywide Knowledge with a Local Perspective

Whether on land or sea or in the courtroom, we have the experience to assess and advise on your project or dispute.
LitCon professionals understand the energy industry and its regulatory environment including FERC, EPA, and PHMSA regulations. We are also familiar with the Ohio, Pennsylvania, and West Virginia shale markets as well as their associated issues and constraints. Our experience includes working with project executives, general counsel, external counsel, local government agencies, and regulatory agencies on domestic and international projects.

Oil & Gas Drilling

LitCon offers expert services that encompass all phases of the oil and gas life cycle from development and extraction to transportation. We work on projects in the United States, internationally, and offshore, including the Marcellus and Utica Shale formations resulting in both wet and dry gas production and shallow drilling projects. Services include:

  • Developing cost/benefit analyses for project options
  • Valuing assets taken under eminent domain
  • Evaluating line loss, gathering fees and other post production charges
  • Reconciling measurement differences (BTU vs MCF)
  • Providing capital project construction management
  • Assisting in contract negotiation
  • Assessing additional profitability associated with NGLs
  • Calculating and verifying royalties and fees
  • Analyzing production and operation reports
  • Assessing financial and accounting reporting under joint venture and royalty agreements
  • Analyzing plugging and abandonment costs
  • Quantifying of costs associated with fracking
  • Evaluating well feasibility economics
  • Assisting in land and well transactions
  • Valuing drilling assets and projects

Midstream Transmission

LitCon Group provides a variety of consulting services concerning midstream transmission issues in the oil and gas industry. LitCon has assisted both gas pipeline operators and land owners in a variety of gas transmission matters.

  • Preparing and evaluating claims from pipeline construction, modifications, and upgrades
  • Assessing the impact on customers from service disruptions
  • Evaluating pipeline capacity alternatives
  • Evaluating line loss, gathering fees, and other measurement issues
  • Determining cost and schedule impacts as well as identifying their root cause
  • Evaluating costs related to the construction/movement of pipelines
  • Estimating costs to rectify midstream transmission issues

Standing by You

Whatever your oil & gas industry expertise needs, LitCon Group professionals are with you every step of the way.
At LitCon Group, we efficiently analyze complex issues and explain our conclusions in a manner that everyone can understand. This high level of expertise allows our clients to effectively evaluate the strength of their case and make educated business decisions. When necessary, LitCon Group has seasoned testifiers who have provided both written and oral expert witness testimony in many judicial venues.