Nicholas Devereux KernanUpstream Oil and Gas Asset Valuation /
Petroleum Geologist

Nicholas Devereux Kernan

Oil and gas professional with over 15 years’ experience in asset valuation and reservoir characterization. Seeking to work within a multidisciplinary team valuing oil and gas opportunities. Experienced in geologic interpretation, production forecasting, and economic modelling. Deep understanding of surface and subsurface risk evaluation, how to quantify and manage uncertainty. Fast learner willing to adopt new concepts and software. Excellent communicator with experience in presenting results in a way that can lead to actionable decisions. A knowledgeable salesman with broad international exposure and ability to work well in a multicultural environment.

  • August 2013 – January 2014
    IT Manager (Digital Division) – Eastern Holdings Ltd
  • August 2013 – January 2014
    IT Manager – Doctor Doors Gallery
  • August 2013 – January 2014
    Project Executive – A1 Renozone
  • February 2014 – April 2014 (3 months)
    Senior Manager – MillionaireAsia
  • November 2012 – July 2013
    Development Technologist – Nanyang Polytechnic
  • June 2011 – July 2012
    Sales Executive – Lake View Credit / Used Car Trading
  • February 2011 – 2012
    Account Executive – Essential Werkz Pte Ltd
  • September 2007 – June 2010
    Assistant Manager (Business Development) – Pixel Inc Marketing Pte Ltd
  • November 2007 – February 2008
    LG Mobile Promoter (Part-Time) – Essential Werkz Pte Ltd
  • November 2007 – February 2008
    Intern (Solution Delivery Center) – ILOG(S) Pte Ltd

Areas of expertise

  • Oil and Gas Upstream Asset Valuation
  • Client Acquisition and Retention
  • Discounted Cash Flows and Investment Decision Methods
  • Production Forecasting, Decline Curve Analysis, and Type Curve Generation
  • Play and Prospect Assessments (Petroleum System Element Mapping and Risk Adjustments)
  • Subsurface Geologic Mapping and Reservoir Characterization
  • 3D Geocellular Modelling
  • Interpretation of Seismic, Well Logs and Rock Core
  • Petrophysical Characterization
  • 2D and 3D Seismic Interpretation
  • Sequence Stratigraphy, Facies Modelling, and Characterization of Depositional Environments
  • Drafting of Oil and Gas Leases
  • Uncertainty Analysis and Probabilistic (Monte Carlo) Calculations
  • Experience working with assets in the United States, South America, North Sea, Kazakhstan, Sudan, and South China Sea

Education

  • Colorado School of Mines, Golden, CO
    M.S. Geology, 2014

    Hamilton College, Clinton, NY
    B.A. Geology, 2010

Computer Skills

  • Petrel
  • Petra
  • IHS Enerdeq
  • IHS PowerTools
  • ArcGIS
  • Spotfire
  • Tableau
  • @Risk
  • Basic SQL
  • Basic Python
  • MS Access
  • MS Excel

Professional Experience

U.S. Department of the Interior, Denver, CO — 2016–Present
Mineral Rights Appraiser – Oil and Gas

  • In charge of all oil and gas upstream asset valuations for the United States Federal Government, including Tribal Lands associated with Native American reservations.
  • Economic modelling, oil and gas production forecasting, subsurface geologic interpretation, big data analysis, commodity market studies, and regulatory/lease agreements.
  • Generate subsurface geologic maps characterizing structural and stratigraphic features, reservoir quality, and rock/fluid maturity.
  • Generate oil and gas production forecasts using decline curve analysis.
  • Generate discounted cash flows to arrive at NPV and IRR values.
  • Conduct market research to analyse comparable sales and lease agreements.
  • Quantify surface and subsurface risk of upstream oil and gas assets.
  • Evaluated over 100 separate oil and gas assets for acquisitions and divestitures, primarily in Oklahoma, North Dakota, and Utah.
  • Present results as written reports.

Petroleum Evaluations Group, Golden, CO — 2017–Present
Founder and Business Development Manager

  • Private consultant conducting oil and gas asset valuations for landowners.
  • Work includes client acquisition and sales, subsurface geologic interpretation, production forecasting, economic modelling, commodity market studies, lease agreements, and revenue statements.
  • Wrote an SQL script to automatically create production forecasts for wells through decline curve analysis.
  • Completed over 100 consulting jobs, primarily in Oklahoma and the Permian Basin.
  • Oil and gas asset values ranged from $100,000 to $30 million.
  • Brokered dozens of working-interest deals in the Anadarko and Permian basins.
  • Generate risked discounted cash flows to arrive at NPV and IRR values.
  • Prepared and taught a workshop on Oil and Gas Property Valuation through the Colorado School of Mines.

Devon Energy, Oklahoma City, OK — 2014–2016
Petroleum Geologist

  • Geologic modeler for the Eagle Ford/Austin Chalk business unit.
  • Created well-log cross sections, interpreted geologic facies in core, and interpreted 3D seismic data.
  • Integrated interpretations into 3D geologic models using Petrel.
  • Collaborated with engineers on model upscaling and fluid-flow simulations.
  • Used models to forecast production, reduce uncertainty and risk, high-grade oil and gas portfolios, and guide well placement.
  • Generated original hydrocarbon-in-place estimates for the Eagle Ford/Austin Chalk petroleum systems.
  • Created the company’s first 3D geocellular models for East Texas assets.
  • Identified drilling units with the highest to lowest investment potential to guide drilling schedules and geosteering.

PDC Energy, Denver, CO — Summer 2013
Development Geologist

  • Evaluated oil and gas acreage in the Denver Basin using petrophysical well data.
  • Created structure/isopach maps in Kingdom.
  • Geo-steered six lateral wells and made recommendations for future drill locations.

Colorado School of Mines, Golden, CO — 2013–2014
Graduate Researcher

  • Researched the nucleation, development, and current structure of the polygonal fault system of the Niobrara Formation in the Denver-Julesburg Basin.
  • Interpreted and integrated 3D seismic volumes, well logs, cores, and outcrop data.
  • Generated maps and models in Petrel and managed large quantities of geologic data.

ExxonMobil Corporation, Houston, TX — 2010–2013
Geoscientist

  • Supported creation of Petrel-based geologic models and play assessments across international basins.
  • Worked with hydrocarbon systems, play risking, and interpretation of well logs, seismic, and rock core.
  • Supported play assessments in the Andean Foreland Basin, South China Sea, North Sea, Canada, and Central Sudan.
  • Received extensive training in 3D geocellular modelling using Petrel.
  • Supported 3D geologic modelling of the Kashagan Oil Field in Kazakhstan.
  • Collaborated with reservoir engineers to upscale models and create dynamic models.
  • Completed ExxonMobil’s two-year Early Career Training Program.

Hamilton College, Clinton, NY — 2009–2010
Undergraduate Geology Researcher

  • Researched the structural style of post-Eocene rifting in the Western Desert of Egypt.
  • Used ArcGIS to map faults, fractures, and folds from high-resolution satellite imagery.
  • Results contributed to a technical presentation at the 2010 Geological Society of America Convention.

Languages

  • English — Native
  • Spanish — Native

Citizenship

  • United States of America
  • Kingdom of the Netherlands
  • Republic of Ecuador

Memberships

  • American Association of Petroleum Geologists (AAPG)
  • Rocky Mountain Association of Geologists (RMAG)
  • Association of Farm Managers and Rural Appraisers (ASFMRA)
  • Colorado School of Mines (CSM), Department of Geology and Geological Engineering Steering Committee

contact details

(607) 643-2326
Upstream Oil and Gas Asset Valuation / Petroleum Geologist Golden, CO 80401

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