Ryder Scott

Last updated
Ryder Scott
IndustryOil and Gas Engineering, Geological Consultants
Founded1937
Website https://ryderscott.com

Ryder Scott Company is a petroleum consulting firm based in Houston, Texas, United States. [1] The firm independently estimates oil and gas reserves, future production profiles and cashflow economics, including discounted net present values.[ citation needed ] It assess oil reserves and evaluates oil and gas properties. [2]

Contents

History

The company was founded in Bradford, Pennsylvania on July 1, 1937, [3] by Harry M. Ryder, a prominent petroleum engineer, [4] who died in 1954. [5] and David Scott, Jr.

In 1967, Ryder Scott acquired Robert W. Harrison & Co., moved to Houston, and transitioned from waterflood design to evaluation engineering, Ryder Scott's core business. [6]

In 2004, after Shell disclosed major downward revisions to its proved reserves, it hired Ryder Scott to provide independent review and reserve estimates to help restore investor confidence. [7] [8]

See also

References

  1. ↑ Brett Handley, David M. Marshall, Craig Coon Principles of Engineering - 2011 "Ryder Scott Company, a consulting firm based in Houston, Texas"
  2. ↑ Forbes: Volume 157, Issues 9-12 1996 "Among the best are long-established petroleum engineering firms like Dallas-based DeGolyer and Mac-Naughton and Houston-based Ryder Scott & Co."
  3. ↑ Producers monthly: an oil magazine for operators: Volumes 25-26 Bradford District Pennsylvania Oil Producers Association - 1961 "William E. Fickert Becomes Partner In Ryder Scott Company ... The company was founded by David Scott, Jr., and the late Harry M. Ryder in Bradford, Pennsylvania on July 1, 1937."
  4. ↑ Hearings: Volume 11 United States. Congress. House - 1944 "I am enclosing a letter from Harry M. Ryder, of Ryder-Scott, one of the prominent petroleum engineers operating in this area.."
  5. ↑ Transactions: Volume 36 American Geophysical Union - 1955 "Harry M. Ryder, consulting engineer, and geophysicist, died July 6, 1954, at the age of 63. He was born in Lancaster, Pennsylvania, took his baccalaureate degree in Pennsylvania State College in 1911 and his master's degree in physics in ..."
  6. ↑ "Ryder Scott" (PDF). noveltygroup. Retrieved 24 June 2020.
  7. ↑ "Former Shell execs wary of reserves reporting problems". Oil & Gas Journal. 2004-04-26. Retrieved 2026-01-20.
  8. ↑ "ROYAL DUTCH SHELL GROUP .COM Financial Times". shellnews.net. Retrieved 2026-01-20.
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