Bringing it all Together:Oil & Gas Operations after Acquisition and

Diligence

Gina M. Banai

Exploration & Production Phases

Acquisition

Planning & Permitting

Construction

Drilling

Completions

Production

Midstream

2

3

Acquisition

4

The process of acquiring a Working Interest in Oil and Gas Leases for development

□ Landowners

□ Brokers

□ Oil & Gas Operators

□ Purchase in Fee

Acquisition

5

Planning & Permitting

6

Well site location and design is typically based upon the following factors:□ Geology

□ Landowner preference

□ Current infrastructure in place Roads, pipelines, etc.

□ Environmental restrictions Wetlands, streams

Planning & Permitting

7

ESCGP-2 Permit

□ Earth Disturbance

General Permit

□ Stream and wetland crossings

Highway Occupancy Permit (HOP)

Well Permit

Joint Permit Application

□ For larger scale projects- when certain criteria are in place the Army Corps of Engineers and DEP must both evaluate and approve plans

Township Permits

□ Sewage

□ Grading

Planning & Permitting

8

ESCGP

9

Well

10

Construction

11

Construction

12

Construction

13

Drilling

14

Drilling

15

Drilling

16

Drilling

17

Drilling

18

Completions

19

Completions

20

Completions

21

Flare

22

Production

23

Production

24

Production

25

Production

26

Production

27

Production

28

Midstream

29

Midstream

30

Midstream