Who we are
Wert-Berater, Inc. has prepared independent feasibility studies for lenders, certified development companies, and federal agencies since 1998 — more than four thousand engagements representing $40.2 billion in evaluated project value across all fifty states and international assignments. Our fiduciary duty runs to the lender and the agency, never to the sponsor’s optimism: fees are fixed, quoted up front, never contingent on findings, and a determination is never changed under pressure.
What we do
Upstream feasibility is reserve economics under commodity-price discipline. The study evaluates the geological and engineering basis supplied by the project team — independently tested, not accepted — alongside drilling and completion cost benchmarks, type-curve production assumptions, operating cost per BOE, and the price-deck sensitivity that determines whether the program survives the bottom of the cycle. Working-interest structure, lease obligations, and plugging liability receive explicit treatment, because upstream credit fails on obligations as often as on price.
How we do it
Methodology draws on state oil and gas commission production records, published type curves for the basin, drilling-cost surveys, and futures-strip and bank price decks for the sensitivity cases. The financial model carries production decline, differentials, lease operating expense, and coverage under conservative price assumptions across the firm's standard stress discipline.
How we can help you
Oil, gas, and heavy-industrial projects reach us through conventional and institutional lending most commonly, with USDA B&I applicable to qualifying rural energy and processing assets and SBA programs serving owner-operator support businesses; each study is prepared to the corresponding compliance standard, with environmental and regulatory conditions precedent stated plainly. The firm's energy and fuel-infrastructure record spans travel centers, fuel terminals-adjacent retail, and industrial projects nationwide, prepared with the same fully linked models and stress discipline as every Wert-Berater engagement.
How to engage us
Standard delivery is 10 to 15 business days from complete project data. Rush delivery for deals already in underwriting is accepted case by case for an additional fixed fee, quoted up front and committed in writing. Engagements are typically initiated by the borrower, with lender or CDC confirmation obtained before work begins — institutions differ, so confirm the procedure with your lending contact.