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.
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.
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