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.
• 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.
• 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.
• 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.
• 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.
• 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.