If you took our Valuation Essentials course, you should know how to set break even prices based on a history of Oil and Gas prices. We presented several scenarios in which the break even price points for oil was between $17 and $21 per barrel.
Oil break even price points in the Permian Basin after 2016 have been around $46 per barrel. This does not leave much room for profits or downside protection in today's industry.
With this course, learn the first step in preparing for negotiation, how to put a plan into action, what you need to do to keep moving toward the sale, and how to create a win-win scenario.
We'll cover the terms of a Reserve Engineering Report, and discuss the different ways to use this information to gain an edge over the other side.
We'll use the three key elements shown in the Valuation Essentials course and show real-world examples on how the seller's information was turned around on them and used to create a basis for the purchase price.
This is a technique that, when used properly, is a real game changer and provides a valuable insight on a time tested and proven method of successful negotiating.
The workshop contained in this course provides a set of parameters where by you are to negotiate the purchase of an actual property.