

A preliminary review for buyers who want an experienced second set of eyes before investing additional time or money in a potential acquisition. Includes a review of production, general economics, obvious operational or regulatory concerns, preliminary P&A exposure and key questions to ask the seller.

For active investors and operators who regularly evaluate acquisition opportunities. Includes up to 2 Deal QuickLooks and up to 60 minutes of advisory consultation each month, preliminary valuation and acquisition discussions, seller and broker diligence questions, priority scheduling and preferred consideration on larger reviews.

A more detailed evaluation of production history, decline, LOE, operating assumptions, wells and equipment, regulatory and plugging exposure, upside opportunities, risks, property value and acquisition strategy.

A deeper buyer-side review for larger or more complicated acquisitions. May include detailed operational analysis, economic and valuation scenarios, well-by-well considerations, P&A exposure, potential capital requirements, seller diligence questions and written findings
An Operator's Perspective on Oil & Gas Acquisitions
Watts Exploration LLC is led by Jacob "Jake" Watts, an oilfield professional with more than 30 years of hands-on operations and management experience.
Jake's background includes oil and gas operations, production management, workovers and completions, plugging and abandonment, oilfield construction, equipment, regulatory matters and evaluating producing properties.
That experience provides buyers with something a spreadsheet alone cannot provide—an operator's perspective on what may actually be required after an acquisition closes.
Watts Exploration helps investors, buyers and new operators evaluate production, operating expenses, decline, well condition, equipment, regulatory exposure, plugging liability, workover potential, upside opportunities and acquisition economics before committing capital.
Our objective is simple: help you better understand what you're buying before you buy it
1 — Submit the Deal
Send the sales package, well list, production information, asking price and available supporting documents.
2 — Define the Scope
We determine whether the opportunity needs a QuickLook, Acquisition Review or Full Due Diligence and agree on pricing before work begins.
3 — Review & Analyze
Watts Exploration evaluates the operational, economic, regulatory and valuation issues within the agreed scope.
4 — Discuss the Findings
We discuss the risks, opportunities, valuation considerations, seller questions and potential acquisition strategy.
Jacob “Jake” Watts
Watts Exploration LLC
Oil & Gas Acquisition Advisory
jake@wattsexp.com
Important: Watts Exploration provides acquisition advisory and operational due diligence services based on the agreed scope and information made available for review. Opinions of value are advisory estimates and are not certified appraisals. Watts Exploration does not provide legal, tax, securities, engineering, geological, environmental or certified appraisal services.” Buyers remain responsible for their own investment and acquisition decisions. Information and opinions are based on the records and information available at the time of review and should not be considered a guarantee of future production, revenue, costs, property performance or investment results.
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