Worldwide Petroleum Consultants

Worldwide Petroleum Consultants

Reserves Certification

Our expertise helps our clients secure financing, communicate company health and increase shareholder confidence. Our evaluations are highly respected globally by major oil and gas companies, independents, NOCs, international banking institutions and securities commissions.
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Strategic Advisory

Acting for IOCs, NOCs, independents, financial institutions and other stakeholders, Sproule has an established track record of advising clients on mergers and acquisitions, technical due diligence and fair market valuations. Our independent reports are used in the sell-side marketing processes, and we are often retained as a technical advisor for quantitative and qualitative analysis of target assets. Learn more

Field Development & Capital Strategies

Sproule serves its clients by providing strategic advice that goes beyond the technical report. Our experienced geoscientists and engineers work collaboratively to assist clients with their field development plans and capital strategies. As field complexity continues to grow our team provides solutions for maximizing net present value, optimizing recovery and minimizing operational and financial risks. Learn more

Reservoir Characterization
& Integrated Services

We help clients solve their most pressing problems and achieve their goals by providing unmatched technical expertise. Our solutions are client focused and we pride ourselves in being able to accommodate the unique technical requirements of each of our clients. Sproule’s integrated subsurface team focuses on providing reliable predictions to meet client aims while maintaining technical accuracy. Learn more

Sproule Academy

Sproule Academy, Sproule’s educational arm, has been delivering courses to the industry for over 40 years and is staffed by instructors with applied expertise from decades of hands-on experience. The Academy delivers courses in Calgary and other energy hubs around the world, offering courses both on a public enrollment basis as well as the option for clients to tailor courses to their specific interests and needs.
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Friday, 21 October 2016

Sproule Webinars: Not all Barrels are Created Equal

On October 20, Nora Stewart and Miles Hughes hosted Sproule's webinar "Not all Barrels are Created Equal: How understanding distinctions can impact your investment decisions". This webinar discussed the importance of understanding the distinctions among the various regulatory documents which guide the reporting of oil and gas volumes, from SEC to NI 51-101... continue reading

Friday October 7, 2016

Sproule Webinars: Brazil's Oil & Gas Sector

On Thursday October 6, Sproule held a webinar on the opportunities in Brazil's oil and gas sector.
Nelson Narciso, Sproule's Regional Director based out of Brazil and Sylvie D'Apote, Managing Partner at Prysma E&T Consultores, discuss the collapse of commodity prices plus the large-scale corruption scandal that has impacted Brazil’s oil and gas industry, prompting a deep change in its approach to business...continue reading

Wednesday, 05 October 2016

Indian Discovered Small Fields - Executive Summary

The Indian Ministry of Petroleum and Natural Gas launched the ‘Discovered Small Fields Bid Round – 2016’ on May 25th 2016. Under the bid round, 67 discovered small fields are offered in 46 contract areas for development, through global competitive bidding aiming to monetize around 625 Mboe of in-place volumes...continue reading

Monday July 18, 2016

Discovered Small Field Bid Round: India Oil & Gas 2016

On July 18 and 19, Sproule participated in the Indian government’s Discovered Small Field Bid Round 2016 (“DSF Round”) event in Calgary. Sproule was part of a roundtable discussion with the Directorate General of Hydrocarbons and the Ministry of Petroleum and Natural Gas...continue reading

Monday July 18, 2016

Sproule Insights into Alberta Energy's Latest Updates to the Modernized Royalty Framework

Last week, Alberta Energy announced further details regarding the MRF and introduced two new strategic royalty programs meant to encourage E&P companies to develop emerging high-risk plays and enhance production from existing pools. They also announced the option of an early opt-in for the MRF for E&P companies based on certain application criteria as a means to get more familiar with the program prior to launch in 2017.continue reading

Tuesday May 24, 2016

Sproule will be at APPEA 2016

AppeaSproule's Lowy Gunnewiek, President and CEO and Art McMullen, Manager and Partner, Asia Pacific will be at APPEA from June 5-8, 2016. Click here to read more about APPEA.

Thursday May 19, 2016

Sproule Webinar, "Have the Right Game Plan:Optimize Your Strategy with LMR/LLR Forecasting"

On Tuesday May 17, 2016 Sproule's Attila Szabo, Vice President, Strategic Advisory, hosted a webinar to discuss the importance of knowing your company's LMR/LLR rating and the value of incorporating LMR/LLR forecasting into corporate strategies.continue reading

Thursday May 12, 2016

Sproule Webinar "Pros & Cons: Impact of the New Royalty Framework on Key Alberta Plays"

On Thursday May 12, 2016 Sproule's Matthew Tymchuk, Senior Engineer and Miles Hughes, Senior Engineer, hosted a webinar to discuss how the new royalty framework will impact costs associated with key plays such as the Montney, Duverney, Cardium, Viking, Grand Rapids, and more.continue reading

Tuesday May 3, 2016

Sproule Presents Webinar "Have the Right Game Plan: Optimize Your Strategy with LMR/LLR Forecasting"

On Tuesday May 17, 2016 Sproule's Attila Szabo, Vice President, Strategic Advisory, will be hosting a webinar to discuss the importance of understanding LMR/LLR for considering new investment opportunities, as understanding the true liability of an asset is vital in today’s economic environment. He will discuss how the incorporation of LMR/LLR forecasting into industry workflow can enable the development of effective strategies for today, and tomorrow.continue reading

Thursday April 28, 2016

Sproule Presents Webinar "Pros & Cons: The Impact of the New Royalty Framework on Key Alberta Plays"

On May 12, 2016 Sproule's Matthew Tymchuk, Senior Engineer and Partner, will be hosting a webinar to discuss how the new royalty framework will impact costs associated with key plays. In this webinar, Sproule experts will examine the impact on key plays like the Montney, Duverney, Cardium, Viking, Grand Rapids, and more. continue reading

Friday, 22 April 2016

Summary of The Alberta Royalty Formulas

Sproule is pleased to provide a summary of the Modernized Royalty Framework formulas issued by the Government of Alberta on Thursday April 21, 2016. We understand that this will have an impact on the value of assets and trust that this document provides insight into the current status of the Royalty Review. The summary can be read here.

For any questions or concerns, please contact Steven Golko at

Wednesday March 23, 2016

Sproule Presents at SPE: "Lower for Longer - The Fine Print"

On March 22, 2016 Sproule's Jordan Magidson, Business Analyst and Chris Mylde, Vice President, Corporate Development, gave a presentation at the Calgary Petroleum Club titled, "Lower for Longer - The Fine Print". In 2014 the vast majority of the world’s premier forecasting agencies, management teams and investors failed to foresee one of the worst downturns in the history of the oil business. continue reading

Friday March 18, 2016

A Comparative Analysis of Resource Plays in Western Canada by Steven Golko

On March 7, Sproule's Steven Golko, P.Eng., Vice President of Field Development and Capital Strategies presented at the GeoConvention in Calgary at the TELUS Convention Center. continue reading

Tuesday, 15 March 2016

Sproule and GPMi Announce Collaboration on Oil, Gas and Natural Gas Liquids Price Forecasts

Sproule Associates Limited (“Sproule”) and Gas Processing Management Inc. (“GPMi”) are pleased to announce collaboration on the publication of oil, gas and natural gas liquids price forecasts as part of the Sproule-GPMi strategic alliance. continue reading

Tuesday, 8 March 2016

Miles Hughes to Present at SPE Breakfast Series, March 24, 2016

Sproule's Miles Hughes, P.Eng. will be giving a presentation titled "Valuation of Oil and Gas Assets: Understanding Future Cash Flows" at the SPE Breakfast Series on March 24, 2016 at the Calgary Petroleum Club from 7:30 - 10:00 a.m. continue reading

Monday, 10 March 2016

Sproule Awarded as One of Canada's Best Managed Companies

CbmcSproule is proud to announce that we have been awarded by Deloitte as one of Canada's Best Managed Companies. continue reading

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