Hickman McClaine & Associates, Inc.

Hickman McClaine & Associates, Inc.

505 N Big Spring Street, Suite 105

Midland, TX 79701

Office: 432-683-4391   Fax: 432-683-7303

Petroleum Consultants

Stephen J. McClaine, P.E.

President


smcclaine@hickmanmcclaine.com

432-684-4391


EDUCATION
Bachelor's Degree in Engineering from Texas Tech, 1980

AREAS OF EXPERTISE

Over thirty years of experience in the oil and gas industry, mainly in reservoir engineering. Have been involved in numerous projects over the years requiring the application of technical analysis in both engineering and geological disciplines. Have served as the lead engineer for several of T. Scott Hickman and Associates, Inc.’s major clients and developed multi-discipline asset teams to accomplish major reservoir evaluation projects. Reservoir Engineering: Broad experience in traditional reservoir engineering applications such as decline curve analysis, volumetrics, log analysis, well test analysis, material balance, pressure transient analysis, PVT analysis, and other reservoir engineering applications. Have applied these techniques in a broad range of engineering assignments to gain a high proficiency with standard reservoir engineering tools. Have analyzed reservoirs producing under primary, secondary and tertiary recovery mechanisms. As a result of this background, can determine the best method to apply to achieve a solution to both routine and complex reservoir problems. Integrated Reservoir Studies: Have worked extensively with geologists and geophysicists on projects requiring the consolidation of interpretations of all types of data into an integrated answer that fully describes the best solution to a reservoir evaluation. Through these projects have developed a working knowledge of geological and geophysical concepts to allow for a better understanding of the techniques required for the most accurate reservoir characterization coupled with reservoir engineering applications that will lead to a complete integrated reservoir study that incorporates the input from both the engineering and geological disciplines. Economic Evaluations: Have completed many oil and gas economic evaluations for use in several different types of financial applications. Bank loan requirements, SEC filings, acquisition and divestiture transactions, estate tax requirements, internal company financial planning and various other projects have relied on these economic evaluations as a basis for financial decisions. Have developed these economic evaluations using commercial programs widely used in the industry. Reserve Classification: Work with PRMS reserve definitions on a daily basis and therefore have developed a strong familiarity with the application of these definitions in the classification of reserves. Acquisition and Divestiture Work: Have conducted numerous reservoir evaluation studies for use in both acquisitions and divestitures of oil and gas properties for many clients. Have been involved in all aspects of data room procedures and have visited data rooms to gather data for potential acquisition studies for clients. Fully understand the concept of short deadlines and highly confidential work involved in most data room related projects. Aware of the business and financial aspects of both acquisitions and divestitures and the importance of the due diligence process. Management Advisor: Experienced in management planning and decision-making processes amidst a climate of competition and risk. Provided advice in the areas of economic analysis, strategic planning, negotiation strategies, contract evaluation and conflict resolution. Reservoir Simulation: More than ten years of reservoir simulation experience with oil and gas fields. Simulation experience includes full-field and segment modeling of carbonate and clastic reservoirs, naturally fractured reservoirs, horizontal well simulation and water injection. Field Operations: Nine years operations experience. Activities included active drilling programs, workovers, enhanced recovery studies, and massive hydraulic fracturing design and supervision. Litigation Support and Expert Witness Testimony: Depositions and expert witness testimony in lawsuits. Expert witness in hearings before various state regulatory agencies. Well Test Analysis: Conducted numerous well test analyses for oil and gas wells. Evaluations included determination of flow boundaries, dual porosity parameters and interference tests. Retrograde Gas Reservoir Studies: Experienced in the evaluation of the effects of retrograde condensation on well productivity and reservoir recovery. Rate-Time Analysis, Material Balance Methods and Semi-Analytical Methods to Evaluate Unconventional Resources: Use these analysis tools to calculate contacted original oil in place or contacted original gas in place for unconventional reservoirs. Also utilize these analysis tools to determine reservoir properties to compare completion efficiencies and generate rock properties.

EXPERIENCE
February 2015 to Present: Hickman McClaine & Associates, Inc. (formerly T. Scott Hickman & Associates), President

September 2010 to February 2015: T. Scott Hickman and Associates, Inc., Sr. Engineer

2008 to 2010: Roaring Spring Energy, Ltd., VP of Engineering and Operations

2005 to 2008: PetroGlobe Energy, Ltd., Manager of US Operations

2000 to 2005: Drilling and Production, Consultant

1988 to 2000: Stephen J. McClaine and Associates, Inc., President

1984 to 1988: The Wiser Oil Company, Engineer

LICENSURE
Professional Engineer Texas (License #114979)

Professional Engineer Indiana (License #PE60910030)

PROFESSIONAL AFFILIATIONS

Society of Petroleum Engineers (SPE), Officer and Chairman of Michigan Basin Section September 1987-June 1991

West Texas Geological Society