A registered professional engineer, Jim Veazey has over 20 years of varied and extensive experience in the petroleum industry. A graduate of Louisiana State University in Petroleum Engineering, Jim holds memberships in the Society of Petroleum Engineers and the Society of Petroleum Evaluation Engineers. He is registered in both Texas and Louisiana.
Upon graduation from LSU, Jim joined Atlas Wireline and worked in Odessa and Laredo, Texas where he gained valuable experience in oil field operations. He returned to Baton Rouge to work with the Louisiana Office of Conservation. His five years at the Conservation Department provided special insight in the operations of this regulatory agency. He was responsible for overseeing well site closure and restoration projects throughout the state of Louisiana. Later, in the Inspection and Enforcement Section, he was responsible for statewide compliance issues. He managed complaints from landowners and developed competence in mediating and resolving issues between landowners and oil and gas operators. He is skilled in analyzing critical issues which may arise in oil and gas acquisitions and regulatory matters. Jim is proficient in conducting research at the Office of Conservation and working with the staff regarding rules and policies as well as facilitating communication between the Office and oil and gas operators.
Since 2001, Jim has been a managing partner providing services in reservoir engineering and other specialized areas of mineral management. He is proficient and experienced in estimating reserves in order to provide cash flow forecasts and/or oil and gas fair market value appraisals used in Securities and Exchange Commission filings, Canadian financial filings, FDIC reports, securing bank loans and estate successions. He currently oversees the minerals management of over 50,000 acres held by two different school boards and assists with special projects involving large private landowners. This work includes predicting reserve estimates as well as permitting, providing advice on leasing and scouting oil and gas activity. Jim also serves as a qualified expert witness for unitization hearings, depositions, and court trials involving reservoir engineering and general oil and gas regulations and practices. He is a guest lecturer in Petroleum Economics 3025 at Louisiana State University.