Reservoir Engineering & Technical A&D Support

What We Do

Backstretch Exploration provides flexible reservoir engineering services—hourly or project-based—to support shale A&D workflows, minerals underwriting, and non-op WI decision-making. Deliverables include PDP declines, type curves, reserves analysis, inventory spacing, and performance benchmarking built for competitive bid environments.

Core Capabilities

Reservoir analysis that feeds the financial model and drives valuation, bid strategy, and deal outcomes.

  • Accurate PDP declines that establish a defendable base value for shale assets and quantify near-term cash flow. Essential for minerals underwriting, WI modeling, PDP-heavy acquisitions, and setting the foundation for reserves classification and valuation.

  • Bench-level type curves and EUR modeling built from offset well performance and operator-specific completion designs. Critical for PUD forecasts, inventory valuation, WI underwriting, spacing assumptions, and evaluating upside in competitive bid processes.

  • Remaining location estimates and spacing analysis with development timing across benches and benches. Essential for forecasting PUD and undeveloped upside, reconciling operator assumptions, and establishing long-term value beyond PDP.

  • Custom reserves databases for private capital, minerals funds, and non-op WI portfolios. Includes PDP/PUD classification, PV10/PV15 analysis, timing and spacing assumptions, and development schedules. Also supports lender preparation (RBL packages, private credit underwriting) and review of third-party reserves during sellside processes to validate assumptions, identify inconsistencies, and ensure the reserves case is defensible.

  • Completion, production, and spacing performance benchmarking by operator to understand true well quality, uplift, and variability. Enables tailored underwriting assumptions based on how each operator actually drills and completes wells—not how they market them. Supports non-op elections, minerals valuation, WI modeling, and bid-cycle diligence.

Why It Matters

Technical reservoir assumptions ultimately drive valuation, risk, and entry pricing. PDP declines, EUR, development timing, and operator behavior flow through to underwriting returns, bid strategy, and investment committee decisions. Backstretch bridges the gap between reservoir engineering, financial modeling, and the narrative required to support capital allocation.

Supported Decision Makers Include:

  • Minerals & royalty buyers

  • Non-op WI owners

  • Family offices & private capital

  • PE-backed management teams

  • Investment committees & boards

  • Operators & non-op investors

  • Attorneys & deal advisors

Typical Outputs Include:

  • PDP & type curve summaries for IC and deal teams

  • EUR & spacing assumptions tied to operator behavior

  • Development timing & inventory valuation by bench/zone

  • Scenario-based valuation sensitivities & upside cases

  • Minerals & WI underwriting summaries

  • Competitive bid & sellside support packages

  • Presentation-ready charts, tables, and maps

Engagement Models

Support is available on an hourly, project-based, or custom basis. Backstretch can assist throughout a full A&D process or selectively around technical underwriting milestones, competitive bid windows, or investment committee reviews. Have a live deal, AFE, or investment thesis to review? Reach out today to discuss how Backstretch Exploration may be able to assist.

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