Leverage our recognized understanding of Canada's unconventional resource plays.

The same uncompromising pursuit of calculated excellence that differentiates our research, delivers results for our advisory clients. HTM's advisory services do not accompany any other traditional banking offerings — thus, our bar to add value for clients is far higher than traditional institutions. Similarly, because we are not a bank and don't work on fees generated by new-issue and M&A activity; we only propose, and work on projects that we truly believe in.

HTM's advisory clients have access to data that can't be found anywhere else; both raw activity intel and processed geologic data. This gives our clients an edge in execution wherever they operate within the upstream sector. We don't rely on 3^rd party data integrations, which gives HTM the ability to draw independent conclusions free from broader industry bias. Our research depends on thinking about why things happen, rather than accepting they do — and our advisory work operates the same; allowing us to work with clients to position them based on our industry-leading data-driven insights.

All of this means HTM can engage in an honest, and objective manner, focused on delivering results that align with clients interests — not ours.

Forecast with every factor, and consider correlations you didn't know you could.

HTM's specialization allows us to view our upstream Canada niche with a broad scope, and be the best at every part of our fully integrated workflow. This focus allows us to create, and consider correlations that nobody else can. How improvements in pacesetter pumping efficiency might impact gas pricing; or how a single pad application may change a producers NAV — we're able to flow little signals through to big ideas. This is the foundation of our research, and our advisory services allow clients to leverage that ability how they see fit.
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Our strengths are creativity and curiosity, which have allowed us to build an analytical framework that encompasses those same values; identifying patterns anywhere in the basin, from any data source, and drilling down to contemplate potential outcomes both in the physical, and financial markets.

HTM's distinct corporate ethos, defined by creating actual real value through identifying geologic opportunity, rather than spreadsheet value; differentiates HTM's advisory services compared to traditional full-service financial institutions. We deliver academic-tier work that industry participants can use to form an edge in the market, at a calibre that isn't available anywhere else.

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Select previous projects.

Below we share a brief sample of projects we've previously delivered, with permission from our clients. We tend to work continuously with clients, as such, we're unable to discuss our full portfolio in detail. Please contact us to further review our body of existing work, and advisory capabilities.

Upstream M&A

Evaluating competitors organic development opportunities and the full-cycle returns associated with both disclosed, and unsanctioned or undisclosed projects, to determine potential competing bids on a marketed asset.

Asset Optimization

Quantifying the impact of lengthening Duvernay laterals on stimulation efficiency at the toe, determining the optimal slickwater additives; and optimizing future inventory placement when considering the geology within a single DSU's, and single pad's drainage area.

Asset Optimization

Considering the current inventory of Montney DUCs and IPR wells on WCSB gas balances and pricing; using our findings to optimize the operator's well spacing, and program focus over the next 24-months to maximize economic returns in our likely price scenario on a hedged, and unhedged basis.

Exploration

Revisiting historically released discoveries that weren't developed, and simulating reservoir performance under a modern completion; determining the validity of full-cycle development economics with modern D&C knowledge.

Public Equities

Using US shale A&D data to build an inventory valuation model that considers individual well returns and play lifecycles to identify public upstream companies with inventory returns similar to the US, where equity market valuations are most disconnected from potential future A&D valuations.

Private Equity

Using HTM's suite of models to provide more accurate asset value marks for an entity's portfolio of private companies.