Petroleum Place is a leading provider of property Acquisition and Divestiture (A&D) services, business operations software and geospatial data solutions for the upstream oil and gas industry. The company offers comprehensive, integrated solutions specifically designed to help our clients more efficiently acquire, develop, manage, divest and account for oil and gas properties. We have more than 500 employees in six major office locations, including Houston, Denver, San Antonio, Ft. Worth, Calgary and Dubai. Our clients are national oil companies, integrated energy companies, independent exploration and production companies, royalty trusts, oilfield service companies and government entities. The Oil & Gas Asset Clearinghouse subsidiary, commonly known as “The Clearinghouse”, is the only oil and gas asset marketing firm in North America offering both auction and negotiated transaction services. We offer a unique hybrid marketing approach which combines an open-outcry auction with a proprietary Internet bidding platform to create the industry’s largest marketplace for oil and gas properties. In addition, The Clearinghouse provides advisory and marketing services for assets grouped into packages and offered for sale as negotiated transactions. Our transaction services include in-depth technical and commercial evaluations conducted by The Clearinghouse’s engineers and geoscientists in an effort to identify, quantify and present undeveloped reserve potential in a credible fashion. Buyers and sellers use our comprehensive suite of data management and technical services to more efficiently prepare properties for sale, conduct due diligence and complete transactions.