Ryder Scott
Petroleum consulting firm based in Houston, Texas
From Wikipedia, the free encyclopedia
Ryder Scott Company is a petroleum consulting firm based in Houston, Texas, United States.[1] The firm independently estimates oil and gas reserves, future production profiles and cashflow economics, including discounted net present values.[citation needed] It assess oil reserves and evaluates oil and gas properties.[2]
| Industry | Oil and Gas Engineering, Geological Consultants |
|---|---|
| Founded | 1937 |
| Website | https://ryderscott.com |
History
The company was founded in Bradford, Pennsylvania on July 1, 1937,[3] by Harry M. Ryder, a prominent petroleum engineer,[4] who died in 1954.[5] 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.[6]
In 2004, after Shell disclosed major downward revisions to its proved reserves, it hired Ryder Scott to provide independent review and reserve estimates to help restore investor confidence.[7][8]
