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Performance Analytics approaches every assignment using an integrated, multi-disciplined analytical framework. This includes an in-depth analysis of operational performance, reservoir performance, reserves quality, capital efficiency, financial positioning, and return on investment. When combined into a single performance study, clients can be assured that on a go-forward basis, all operational, engineering, and reserve assumptions are based on realistic financial assumptions and that all financial projections are grounded in realistic engineering assumptions. This integrated approach provides unique quantitative and qualitative insight into corporate and asset performance, potential acquisitions, corporate planning, financial forecasting, and other critical functions.
Operating Expenses, Cash Flow, Finding and Development Costs, Return on Capital Employed are but a few of the hundreds of measurements and metrics used to analyze performance in the oil and gas industry….
Unlock the secrets of oil and gas reserves with this essential guide! Whether you’re an investor, engineer, executive management, or energy finance professional, understanding how reserves are estimated and reported is crucial for making informed decisions. Starting with the basic principles of geology and petroleum, this book demystifies the complex world of reserves, showing you how they are calculated and reported. Learn to interpret reserve reports, validate their contents, avoid costly mistakes, and gain the confidence to navigate the energy sector’s challenges.
Available: November 2024
PennWell Books
In partnership with Midland College’s Petroleum Professional Development Center, two courses based on the published books “Oil & Gas Performance Analysis” and soon-to-be-published “Oil & Gas Reserves in Nontechnical Language” (PennWell Books).
The courses are:
The courses will be taught twice, with one set geared towards Oil and Gas professionals and the second designed for Energy Finance professionals—a first for the Petroleum Professional Development Center.
Jim Tague is the Principal Consultant of the Performance Analytics Group, LLC. He has provided in-depth analysis and strategic advice to clients of all sizes, including notable names such as Hilcorp Energy and Harvest Midstream, as well as various start-ups. Before establishing his consulting practice, he served as the Senior Vice President of Corporate Planning and Development for E&B Natural Resources, Manager of Corporate Planning for Murphy Oil, and Senior Analyst for Chevron’s Chief Economist. He began his career as a Petroleum Engineer.
In these roles, Mr. Tague accumulated significant and diverse experience across all facets of the oil and gas industry, including business development, mergers and acquisitions, reserves accounting, capital budgeting, and performance analysis. He is the author of PennWell Book’s “Oil & Gas Performance Analysis,” the soon-to-be-released “Oil & Gas Reserves in Nontechnical Language,” numerous SPE papers, and multiple articles in technical journals.
In addition to his industry expertise, Mr. Tague served in the United States Navy as a carrier-based aviator, flying the E-2C Hawkeye. He remains actively involved in several veteran and community organizations, including TAPS – The Tragedy Assistance Program for Survivors, the Veterans of Foreign Wars (VFW), and the Disabled American Veterans (DAV). He is also an active volunteer with Texas High School Rodeo and, on the side, is a Farm & Ranch Real Estate Agent.
Mr. Tague holds a B.S. in Materials Science & Engineering (with Honors) from the University of Florida, an M.S. in Petroleum Engineering from the University of Texas, and an MBA from the University of Phoenix.
The Performance Analytics Group, LLC is a specialized consulting firm dedicated to improving performance throughout the oil & gas industry. Using a comprehensive analytical approach, Performance Analytics provides clients with clear unbiased insight into past, current and likely future performance. This insight allows our clients to optimize performance, enhance profitability and maximize value creation.
The Performance Analytics Group is comprised of highly experienced consultants with over 100 years of industry experience. Every consultant has a technical major and an MBA, as well as executive and managerial experience. All facets of oil and gas activities are represented – from operations, geological analysis, reserves valuation, business development, capital planning, and finance. This breadth and depth of expertise allows the Performance Analytics Group to conduct deep dive performance audits and other similar activities that are uniquely tailored to any activity or company in the oil & gas industry.
Aug 2016 – Present
Specialized consulting to improve performance in the oil & gas industry.
Provides analytical insights into past, current, and future performance to optimize performance, enhance profitability, and maximize value creation.
Mar 2019 – Present
Author of “Oil & Gas Performance Analysis” published by PennWell Publishing.
Instructor of short courses on analyzing oil & gas performance for industry and energy finance professionals.
The Performance Analytics Group, is a specialized consulting firm dedicated to improving performance throughout the oil & gas industry. Using a comprehensive analytical approach, Performance Analytics provides clients with clear unbiased insight into past, current and likely future performance. This insight allows our clients to optimize performance, enhance profitability and maximize value creation.
Jim Tague’s book is written for a wide audience – basically anyone in the oil
industry that seeks to understand how, or relies upon, performance
analysis to make daily decisions. Those involved in the following will find
this book particularly useful:
Field Operators
Engineers & Geologists
Oil & Gas Management
Energy Finance Prfoessionals
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