Miller and Lents is a petroleum consulting firm based in Houston, Texas. The firm provides services including independent reserves and resources certifications, audits, and evaluations. The firm prepares reserves estimates in accordance with the standards of the United States Securities and Exchange Commission (SEC) and the Petroleum Resources Management System (PRMS) prepared by the Society of Pe
troleum Engineers (SPE). Contingent and prospective resources estimates are prepared according to SPE-PRMS definitions. Miller and Lents provides a comprehensive range of professional consulting services to the upstream oil and gas industry. The scope of the firm's activities is worldwide, with significant experience in all of the geologic basins in the United States, as well as in most of the major oil and gas producing areas of the world. Reserves certifications, audits, and independent evaluations generated by the firm are recognized worldwide by major financial institutions, governmental agencies, markets, and private investors. Miller and Lents, Ltd. employs the latest technology in its studies, including geophysical interpretation, geologic modeling, reservoir simulation, pressure transient analyses, PVT data analyses, and petrophysical evaluations. Miller and Lents’ reserves and resources estimates are generated using deterministic and/or probabilistic methods and includes developed and undeveloped estimates. The firm also performs economic analyses employing multiple industry recognized economic software programs. These economic analyses include financial reporting studies as required by the SEC, the London Stock Exchange, and other investment markets; cash flow projections; risked and unrisked reserves/resources and economic projections; forecasts of future prices; estimates of Fair Market Value; and Competent Person’s reports. The geological staff at Miller and Lents performs a variety of studies including 2D and 3D seismic studies; structural, stratigraphic, and subsurface mapping; exploration and exploitation assessment; field development studies; static geologic modeling; and reservoir characterization studies. Miller and Lents also provides a number of other services including expert witness and arbitration assistance, assistance to attorneys, and evaluations for royalty owners.
