Peter L. Preston
Senior Engineer, Vice President
Peter L. Preston joined DeGolyer and MacNaughton in 2007, specializing in reservoir engineering and oil and gas property evaluation. Prior to joining DeGolyer and MacNaughton, Preston worked with petroleum consulting firms and exploration and production companies in the Dallas and Houston areas. He has over 25 years of experience in the industry.
Preston received a bachelor’s degree in petroleum engineering from Texas A&M University in 1999. He is a member of the Society of Petroleum Engineers. Preston was elected a Vice President at D&M in 2010. He is a licensed professional engineer in the State of Texas.
Geographical Experience
- Algeria
- Angola
- Austria
- Azerbaijan
- Congo
- Egypt
- France
- Gabon
- India
- Italy
- Kazakhstan
- Kuwait
- Libya
- Mozambique
- Nigeria
- Norway
- Oman
- Pakistan
- Romania
- Saudi Arabia
- Sicily
- Tanzania
- Tunisia
- United Arab Emirates
- United Kingdom
- United States
- Yemen
Topical Areas of Expertise
- Reserves and resources estimations
- Performance and volumetric analysis
- Economic evaluations
- Competent Person’s Reports
Major Projects
Preston has carried out reserves estimation and economic evaluations for oil and gas fields in various countries in Europe, Africa, and the Middle East. He has significant experience in reserves appraisals and operational experience with drilling, workovers, and artificial-lift installation. Preston has experience in performance and volumetric analysis of mature fields as well as new developments in many geographical settings. He has also coordinated multi-disciplinary projects in acquisitions, bank financing, and annual reserves reporting around the world.
Preston coordinates yearly evaluations for the largest operators in Norway. The evaluation efforts include volumetric and performance analysis of multiple fields and producing horizons to create reports used in yearly filings with the United States Securities and Exchange Commission and the Oslo Stock Exchange.
Preston recently performed an evaluation of reserves and resources on a diverse set of onshore and offshore oil and gas fields in Egypt. An economic appraisal of multiple production sharing contracts was included as part of the final product.
In addition, Preston recently evaluated a newly discovered tight gas field in Oman with challenging well placement and performance issues. A number of scenarios were evaluated to establish the potential of the field.
