About Bastion Engineering
This company was created to meet a need in the banking industry for knowledgeable and independent review of oil and gas reserves by qualified and licensed petroleum engineers.
Reserve Reports
Evaluate all aspects of your company: reserves, economics, and drill schedule; by a licensed professional engineer for the purposes of government filings, bank loans, and/or equity financing.
Bank Loan Evaluations
Examine all economics and apply client pricing, risking, and discount parameters, to deliver highly customized and accurate reports in a time-sensitive environment.
Acquisitions and Divestitures
Appraise producing, non-producing, and undeveloped opportunities to assess current market value of assets.
Reserve Quality Control/Check
Review all outputs provided by internal engineer to assure portfolio is within bank provided parameters.
Field Studies
Calculate porosity, permeability, water saturation, pressure, OOIP/OGIP, and other parameters to identify areas with high probability of production success.
Estate Evaluations
Tailor reports for individual mineral rights owners for tax purposes, marriage or divorce proceedings, inheritance calculations, or other purposes.
Stress Testing Analysis
Provide multiple economic scenarios (effective date, pricing, capital) to comply with Dodd-Frank and Basel III regulations.
Bankruptcy Evaluation
Audit company reserves and economic parameters to appraise true market value of assets.