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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]
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, which is the core business of Ryder Scott. [6]
The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since prehistoric times; where found, these seeps signaled the growth of the industry from the earliest discoveries to the more recent.
Petroleum engineering is a field of engineering concerned with the activities related to the production of Hydrocarbons, which can be either crude oil or natural gas. Exploration and production are deemed to fall within the upstream sector of the oil and gas industry. Exploration, by earth scientists, and petroleum engineering are the oil and gas industry's two main subsurface disciplines, which focus on maximizing economic recovery of hydrocarbons from subsurface reservoirs. Petroleum geology and geophysics focus on provision of a static description of the hydrocarbon reservoir rock, while petroleum engineering focuses on estimation of the recoverable volume of this resource using a detailed understanding of the physical behavior of oil, water and gas within porous rock at very high pressure.
Marion King Hubbert was an American geologist and geophysicist. He worked at the Shell research lab in Houston, Texas. He made several important contributions to geology, geophysics, and petroleum geology, most notably the Hubbert curve and Hubbert peak theory, with important political ramifications. He was often referred to as "M. King Hubbert" or "King Hubbert".
Wallace Everette Pratt (1885–1981) was a pioneer American petroleum geologist. He is also notable for helping establish Guadalupe Mountains National Park through his donation of McKittrick Canyon. He is also notable for his marriage to Iris Calderhead, prominent advocate for sex equality and his classmate from the University of Kansas, in 1931.
Hydrocarbon exploration is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth's crust using petroleum geology.
The Society of Petroleum Engineers (SPE) is a 501(c)(3) not-for-profit professional organization.
Pennzoil is an American motor oil brand currently owned by Shell plc. The former Pennzoil Company had been established in 1913 in Pennsylvania, being active in business as an independent firm until it was acquired by Shell in 2002, becoming a brand of the conglomerate.
Walter P. Moore and Associates, Inc. is an international company providing structural engineering, diagnostics, civil engineering, traffic engineering, parking consulting, transportation engineering, intelligent transportation systems (ITS) engineering, and water resources engineering services. Headquartered in Houston, Texas, the firm employs more than 850 professionals and operates 24 U.S. and seven international offices.
Proven reserves is a measure of fossil fuel energy reserves, such as oil and gas reserves and coal reserves. It is defined as the "[q]uantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered proven if it is probable that at least 90% of the resource is recoverable by economically profitable means.
Everette Lee DeGolyer, was a prominent oil company executive, petroleum exploration geophysicist and philanthropist in Dallas. He was known as "the founder of applied geophysics in the petroleum industry", as "the father of American geophysics," and was a legendary collector of rare and often early edition books primarily in the fields of Southwestern history, railroads, law, geology, science, and both English and American literature.
Michel Thomas Halbouty was an American geologist, petroleum engineer, and wildcatter. Credited with discovering more than 50 oil and gas fields, he twice declared bankruptcy, but came back each time to regain wealth. He authored hundreds of technical articles on petroleum geology, and two book-length histories of famous oil fields. Halbouty is often described, including in his New York Times obituary, as “legendary.”
DeGolyer and MacNaughton is a petroleum consulting company based in Dallas, Texas, with offices in Houston, Moscow, Astana, Buenos Aires, and Algiers.
Scientific Computer Applications Inc. (SCAI) is a privately held, American company based in Tulsa, Oklahoma. SCAI develops and markets scientific software focused on the Oil exploration and production segment of the petroleum industry.
Graham Whaling is a businessman and conservative donor.
Theron Rhodes Wasson (1887–1970) was a leading American petroleum geologist and engineer, who pioneered the use of geophysical surveys to find oil and gas.
Miller and Mochen, Ltd. is a petroleum consulting company based in Houston, Texas. The firm provides services including reserves certifications, audits, and independent evaluations. They prepare evaluations according to the standards of the United States Securities and Exchange Commission (SEC) Regulation S-X and the Petroleum Resources Management System (PRMS) published by the Society of Petroleum Engineers (SPE).
Ronald Bromley Smith was an American mechanical and consulting engineer, business executive with the Elliott Company and later with M. W. Kellogg Co., now KBR, Inc., and inventor. He is known as 82nd president of the American Society of Mechanical Engineers in 1963–1964.
Elmer Otto Bergman was an American civil, mechanical and consulting engineer at the University of Colorado and at C. F. Braun & Company, later KBR Inc. He served as the 83rd president of the American Society of Mechanical Engineers in the year 1964-65.
Oil and gas reserves denote discovered quantities of crude oil and natural gas that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing. The remaining resource estimates are likely sub-commercial and may still be under appraisal with the potential to be technically recoverable once commercially established. Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BoE). Consequently, both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as oil & gas.
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