Oil & gas workflow checklist

Prepare the investment story

Gather the program, interests acquired, operator, acreage or wells, reserves evidence, geology, and development plan. Identify who owns or controls the asset and which material agreements are still being negotiated. Keep evidence separate from forecasts and state unresolved facts plainly.

Build the economics

Reconcile commodity prices, production decline, operating costs, capital requirements, and timing. Make clear which values are actual, assumed, or contingent. Check that the raise, uses, fees, and distribution terms describe the same plan. Supporting exports vary by workflow; do not assume every asset class has a real-estate-style Excel model.

Review the disclosures

Consider geological uncertainty, operator performance, commodity volatility, environmental liabilities, and tax assumptions. The suggested risk library is a starting point and needs deal-specific edits. Confirm issuer, security, exemption, investor process, and tax or regulatory statements with the appropriate advisers.

Prepare the review package

Use Review to find missing information, then export a working Word draft for counsel. Provide the underlying agreements, diligence, and model. Replace every fictional sample fact before sharing. A completed workflow is not an approved offering.

Keep technical evidence attached to the assumptions

Gather the reserves source and date, geological analysis, operator history, ownership and working-interest terms, development plan, and proposed capital uses. Label technical estimates and explain the dependence on commodity prices, production timing, costs, and operating conditions.

Compare the technical narrative with the proceeds, operator compensation, financing if any, and risk disclosures. Tax-election prompts are matters for the tax and legal advisers; a sample election or depletion narrative is not evidence that your offering qualifies for a benefit.