Ryder Scott Company is a petroleum consulting firm based in
Houston, Texas
Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...
, United States. The firm independently estimates
oil and gas reserves
Oil and gas reserves denote ''discovered'' quantities of crude oil and natural gas from known fields that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the da ...
, future production profiles and
cashflow economics, including discounted
net present value
The net present value (NPV) or net present worth (NPW) is a way of measuring the value of an asset that has cashflow by adding up the present value of all the future cash flows that asset will generate. The present value of a cash flow depends on ...
s. It assess
oil reserves
An oil is any chemical polarity, nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) and lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable ...
and evaluates oil and gas properties.
History
The company was founded in
Bradford, Pennsylvania
Bradford is a city in McKean County, Pennsylvania, United States. It is located close to the border with New York state and approximately south of Buffalo, New York. Home to an oil refinery, Zippo headquarters and a University of Pittsburgh b ...
on July 1, 1937, by Harry M. Ryder, a prominent petroleum engineer, who died in 1954. and David Scott, Jr.
In 1967, Ryder Scott acquired Robert W. Harrison & Co., moved to Houston, and transitioned from waterflood design to evaluation engineering, Ryder Scott's core business.
Software
Reservoir Solutions FreewareSOS DownloadsWell Collator
See also
*
GaffneyCline
References
External links
*
Companies based in Houston
Petroleum industry
Consulting firms of the United States
{{petroleum-company-stub
Energy consultancies