Michele Mudrone Email & Phone Number

Provides petroleum engineering consulting services to upstream oil and gas companies, financial institutions, law firms, banks, estates, and individual/group investors.• Provides oil and gas advisory services for acquisitions, reserve reporting for conventional and unconventional reservoirs, fair market determinations, and field studies.• Specialties include: production and cash flow forecasting, transaction assistance, oil and gas reserves appraisal, restructuring, and expert witness testimony.• Evaluates Continental US, Canada, and Offshore reservoirs for production based loans, development plans, and reporting to Canadian and US regulatory agencies.• Provides reserve valuations, addressing risks for energy lending and financial institutions.

Dallas, Texas, Us

Provided appraisals of oil and gas production in conventional and unconventional reservoirs, fair market determinations, and reservoir and field studies.• Estimated reserves, future producing rates, and present value from the analysis of decline curves, revenue, expenses, and capital expenditures. • Evaluated de-watering reservoir in Oklahoma for production based loan, development plan, and reporting to Canadian and US regulatory agencies.• Provided reserve valuations, addressing risks for energy lending and financial institutions.

Dallas, Tx, Us

Provided engineering appraisals of energy related loans involving oil and gas production, natural gas plants, and gas gathering systems.• Provided timely valuations, addressing associated risks and returns, for the Energy Division to grow the portfolio to $50MM in outstandings in less than one year.• Worked with senior management and the relationship managers in setting up policies and lending guidelines for the Energy Lending Group to begin serving the middle market energy sector.

Provided engineering appraisals of energy related loans involving oil and gas production, natural gas plants, and gas gathering systems.• Provided timely valuations, addressing associated risks and returns, for the Energy Division in Dallas to increase the portfolio by $38MM to $70MM in outstandings. • Worked with the relationship managers in marketing the services of the Energy Lending Group to expand our presence in the middle market energy sector.

Dallas, Texas, Us

Provided appraisals of acquisitions of oil and gas production, semi-annual company reserve determination, reservoir and field studies.• Performed key role in company’s successful acquition of over $150 million of oil and gas properties, providing detailed engineering evaluations, preparing and presenting each acquistion to banks for financing and performing due diligence. • Evaluated well logs, test information, production figures, and developed over 90 recompletion possibilities in an old field in South Texas.

Provided engineering appraisals of energy related loans involving oil and gas production, natural gas plants, and gas gathering systems.• Evaluated the largest oil field and associated gas plant in North Dakota to determine property reserve value for acquistion loan. • Provided timely valuations, addressing associated risks and returns, for the Energy Division in Dallas to increase the portfolio by $60MM to $125MM in outstandings.

Responsible for the collection of an energy portfolio. (1988-1990)• Supervised sale of $5MM in oil and gas properties through organized marketing, negotiations, and documentation.• Achieved completion of a five year $6MM bankruptcy and $50MM lender liability lawsuit.Petroleum Engineer, Energy Department Performed valuations on oil and gas properties, gas plants, and gas gathering systems and acted as technical advisor in project financing. (1981-1988)• Appraised multi-sand tite reservoir for a production based loan, which required researched geology, tax issues, and producing characteristics.• Provided technical support to customer during drilling program to develop North Texas oil field. Waterflood recovery was initiated after the development program was completed.• Completed extensive evaluation of large independent company, which included a pipeline company and oil and gas production inmost of the domestic basins.

Conducted simulation of domestic oil and gas reservoirs using various computer models. (1980-1981)• History matched and projected performance of layered gas reservoir in Mississippi with six component Alpha Model. Recommended continuing operations to improve competitive sales position.• Evaluated polymer flooding in South Texas field using miscible polymer flood model. Incremental recovery with polymer flood did not justify polymer expense.Reservoir Engineer, Longview District Generated field evaluations, yearly budgets of district oil and gas reserves. (1979-1980)• Monitored numerous oil properties in Florida, Louisiana, and North and East Texas recommending recompletions, injection well changes and infill wells, projected to recover reserves in excess of 250 MBO at a cost of $500M.• Prepared waterflood study and economic evaluations for reservoir in North Louisiana field, projected to recover 585 MBO at a cost of $150M with new waterflood program. Operations Engineer, Longview District Managed operations and production for more than 500 oil wells in the East Texas Field. (1976-1978)• Originated and successfully completed a workover program to add a behind pipe zone in five wells to increase ultimate recovery by 50 MBO at a cost of $35M.• Reduced well service costs for production area by careful monitoring of chemical treatment, service work, and handling procedures; resulted in yearly savings of $150M.