Andrew Avalos

I have over 15 years of experience in the energy industry as a reservoir engineer, economist, and business analyst. I have worked some of the largest oil and gas assets all over the world for both national and private oil companies.

Reservoir Engineer and Economist                                       Aug. 2018 – May 2022

DeGolyer & MacNaughton

• Performed reservoir engineering and economist duties including SEC and PRMS reserves and contingent resource estimations
• Built relations with clients including national governments and private companies, traveled to their offices around the world to collaborate and understand their assets, facilities, and development plans, and meet their needs for reporting.
• Used industry-standard methods of reserves evaluation including material balance, volumetric, and decline curve analyses utilizing MBal, PHDwin, Excel, and other programs
• Built and managed complex economic models for individual assets based on their respective PSA, PSC, and Concessions

Reservoir Engineer and Manager                                           Mar. 2016 – Aug. 2018

ValueScope Inc.

• Oil and Gas Reserves and Economics and Fair Market Value Evaluations for Tax and M&A Purposes
• Advanced Modeling of Oil and Gas Assets in Excel, Access, ARIES, and PHDWin
• Transaction Advisory and FP&A Consulting
• Litigation Support and Expert Witness for Economic Damages and Forensic Accounting

Reservoir & Production Engineer and Sr. Business Analyst     Feb. 2013 – Mar. 2016

J-W Energy

• Reservoir & Production Engineering for Barnett, Cotton Valley, and Haynesville properties in NTX and NWLA
• Diagnose Production Issues and Originate AFE’s including writing procedures for Workovers and Recompletions
• Evaluating Well Logs and Cross-Sections to determine PDNP Reserves
• Develop Long-Range Plan and Cash Flow Projections for Business Unit
• Prepared Monthly, Quarterly, and Annual Financial and Operational Performance Reviews for Management
• Develop ad-hoc Analysis to Support Financial Initiatives, Projects, and Deliverables

Strategic Planning Analyst                                                   Nov. 2010 – Feb. 2013

Energy Future Holdings

• Contribute to the creation of the Long-Range Plan and Consolidated Financials for four business units in the electric Generation, Retail, and Distribution industries
• Prepared Monthly, Quarterly, and Annual Financial and Operational Performance Reviews for Sponsors
• Develop as needed ad-hoc Analysis to Support Financial Initiatives, Projects, and Deliverables
• Develop Presentations for External Parties, Stakeholders, or Senior Management 
• Sensitivity Analysis covering EBITDA, Commodity Prices, Interest Rates, Debt Exchanges, Capital Structuring, etc.
• Capital Structure modeling

Senior Engineering Analyst                                                                  Jun. 2006 – Nov. 2010

Netherland, Sewell, and Associates, Inc.

• Gathering data from clients, public and private sources
• Creating databases from production and economic data in various applications
• Spreadsheet and database manipulation and programming in VBA, FORTRAN, SQL, Aries, Petra, and others
• Forecasting future production and sales volumes by examining historical production and analogous leases
• Create models that include all future cash flows with NPV and IRR profile
• Prepare audit letters and reports for SEC filings, lending, mergers and acquisition, and private use

Performed reserves and fair value evaluations of Atinum MidCon LLC; Sandridge Energy; EcoPetrol; EnCap Investments Silverback Exploration, LLC; Inpex Corporation; Memorial Production Partners, EnCana Oil & Gas (USA) Inc.; Frontera Energy; Goldman Sachs; Marsh Operating Co.; Matador Energy; Noble Energy, Inc.; PEMEX Exploration and Production; PetroChina Company Limited’ Shell Energy; Repsol Oil & Gas; and Williams Energy Co.

Texas A&M University

• Master’s of Petroleum Engineering

Southern Methodist University

• Bachelor of Business Administration in Finance
• Bachelor of Arts in Physics