Haas & Cobb Petroleum Consultants

What Haas & Cobb Petroleum Consultants does

Haas & Cobb Petroleum Consultants is a privately-held Dallas-based boutique consulting firm providing independent petroleum engineering, reservoir description, and geological services to global oil and gas clients. The firm was formed through the merger of Haas Engineering (established 1980 by Robert Haas) and W.M. Cobb & Associates (established 1983 by Dr. Bill Cobb), with Thad Toups serving as President. The team comprises approximately 20 senior professionals including licensed professional engineers, geologists, petrophysicists, data analysts, and CCUS consultants, several of whom hold SPE Distinguished Membership, SPEE leadership positions, and university professorships.

The firm's core offerings span independent and audited reserves reports compliant with SEC Regulation S-X and SPE-PRMS standards, subsurface modeling and reservoir simulation, enhanced oil recovery (EOR) and waterflooding analysis, carbon capture utilization and storage (CCUS) consulting, due diligence for A&D transactions, technical representation and expert witness testimony, and world-renowned five-day public waterflooding technical training courses. Technical work leverages industry-standard software platforms (Petra, Geographix, Apprentice, Kingdom, Spotfire, PowerLog, Transform, PHDWin, ARIES, Access) alongside a proprietary Volumetric Sweep Efficiency methodology developed by founders William Cobb and Frank Marek for estimating waterflood performance from oil production data.

Haas & Cobb operates a direct-engagement professional services model, billing project-based fees for consulting engagements across E&P companies, financial institutions, private equity firms, legal teams, government agencies, CCUS developers, and mineral owners. Geographic reach spans multiple U.S. basins (Dallas, Houston, Haynesville, Midland, Shreveport, Oklahoma City, Denver, Pittsburgh, Canton) with global client delivery. Revenue is generated primarily through senior professional billable hours and project fees, supplemented by publicly-priced waterflooding training courses at $3,500 per participant. No external funding, parent company, or public listing is indicated; the firm operates as founder-owned and controlled.

Name

Haas & Cobb Petroleum Consultants

Legal name

Haas and Cobb Petroleum Consultants, LLC

Website

https://haasandcobb.com

Company type

Private

Founded year

1980

Operating status

Operating

Short description

Haas & Cobb Petroleum Consultants is a privately-held Dallas-based boutique firm providing independent petroleum engineering, reservoir, geology, CCUS, and expert witness consulting services to global E&P, financial, legal, and government clients, formed from the merger of Haas Engineering and W.M. Cobb & Associates.

Ownership category

akta.pro rank

Product category

Petroleum Engineering Consulting

NAICS

Support Activities for Oil and Gas Operations (213112), Support Activities for Mining (2131), Environmental Consulting Services (54162)

SIC

Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC)

akta.pro secondary industries

Exploration & Prospecting (Geology, Geophysics, Seismic) (EUALAAAA), Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Geotechnical & Subsurface Engineering Consulting (BPAHAIAB)

Keywords

• Petroleum engineering consulting
• Reservoir modeling services
• Reserves audit reports
• Enhanced oil recovery
• Carbon capture consulting

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Consulting Services: Professional consulting fees for petroleum engineering and geological services including reserves reports, audits, subsurface modeling, reservoir simulation, EOR analysis, CCUS consulting, technical representation, and expert witness testimony. Billed on project basis with scope defined per engagement.
2. Technical Training Courses: World-renowned waterflooding reservoir engineering courses offered publicly several times per year in Dallas and other locations, as well as customized in-house training for organizations. Five-day intensive courses with tuition and course materials.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Haas & Cobb Petroleum Consultants is a boutique petroleum engineering and geological consulting firm that delivers independent reserves reports and audits, advanced subsurface modeling and reservoir simulation, enhanced oil recovery (EOR) and waterflooding analysis, carbon capture utilization and storage (CCUS) consulting, technical representation and expert witness testimony, and due diligence support for oil and gas transactions. Services are delivered through a multidisciplinary team of licensed engineers, geologists, petrophysicists, and data analysts who integrate geologic, petrophysical, seismic, and reservoir engineering data to provide independent technical evaluation across the asset life cycle.

Product overview

Haas & Cobb Petroleum Consultants is a boutique petroleum engineering and geological consulting firm offering a comprehensive suite of subsurface engineering and consulting services. The company's service portfolio centers on independent reserves reports and audits, CCUS (Carbon Capture, Utilization, and Storage) consulting, subsurface modeling and reservoir simulation, enhanced oil recovery (EOR) and waterflooding analysis, oil and gas engineering consulting, technical representation with expert witness testimony, waterflooding training courses, and due diligence support. These services are delivered through a multidisciplinary team of licensed engineers, geologists, petrophysicists, and data analysts who integrate geologic, petrophysical, seismic, and reservoir engineering data to provide tailored subsurface insights across all stages of the asset life cycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Independent and Audited Reserves Reports Independent and third-party audited reserves reports adhering to SEC Regulation S-X and SPE-PRMS standards, widely accepted by financial institutions, regulatory bodies, and E&P stakeholders worldwide. Designed for E&P companies, banks, lenders, and investors requiring independent asset valuation.
• Acquisition and Divestiture Due Diligence and Underwriting Support Due diligence services, underwriting support, and virtual data room (VDR) audits to help clients determine, validate, and demonstrate the value of E&P assets for buying or selling transactions, including technical evaluations and objective data-driven underwriting reports.
• Subsurface Modeling, Simulations, and Data Analytics Advanced 3D geological and reservoir models, dynamic flow simulations, and data analytics leveraging log, core, and seismic data to maximize resource recovery and E&P investments for oil and gas operators.
• Enhanced Oil Recovery (EOR) and Waterflooding Analysis EOR and waterflooding expert services including well analysis, modeling, design, and ongoing optimization to justify, extend, and maximize secondary recovery efforts for oil and gas operators.
• Carbon Capture, Utilization, and Storage (CCUS) Analysis End-to-end technical support for capturing, sequestering, and securing subsurface CO2, including CCUS analysis, regulatory applications, permitting, drilling guidance, and operational monitoring for CCUS project developers and government agencies.
• Drilling and Operational Technical Support Technical support leveraging data analytics, subsurface modeling, and engineering best practices to evaluate and optimize drilling, production, and recovery activities for upstream oil and gas operators.
• Planning, Feasibility, and Optimization Workshops Collaborative one-day workshops for asset and resource analyses, project planning, and production optimization to determine highest ROI projects and best steps forward for E&P clients.
• Waterflooding Technical Courses and Training World-renowned five-day technical courses on the theory and practical application of waterflooding, covering waterflood engineering, modeling, and evaluation. Offered publicly in Dallas (UT Dallas) and as customized in-house corporate training.
• Technical Representation and Expert Witness Testimony Technical representation and expert witness testimony services for legal inquiries, regulatory hearings, arbitration, and litigation involving petroleum engineering matters for law firms and corporate legal departments.
• Mineral-Rich Brine Recovery Evaluation and extraction of valuable minerals from brine resources to support energy and industrial applications.
• Gas Storage Services Technical expertise and analysis for underground gas storage solutions supporting energy industry needs.

Quantifiable outcome

• Volumetric sweep efficiency may be as high as 85% for well-managed waterflood projects based on simulation model studies

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• TRC Companies: Environmental and engineering consulting firm with growing CCUS and energy transition practices — an adjacent peer that overlaps with Haas & Cobb on CCUS permitting and subsurface evaluation services for energy transition clients.
• Carbon Engineering (part of Occidental): Direct air capture and CCUS technology company that requires subsurface sequestration expertise analogous to what Haas & Cobb provides — a peer in the CCUS value chain where the firm could partner or extend its technical consulting footprint.

Broad incumbents

• SLB (Schlumberger): Global oilfield services and technology company with extensive reservoir consulting, CCUS, and digital subsurface capabilities through its Digital & Integration segment — far larger incumbent with overlapping subsurface modeling and CCUS consulting offerings.
• Core Laboratories: Global reservoir description and production enhancement company offering reservoir rock and fluid analysis, completion diagnostics, and reservoir management — a much larger incumbent that overlaps in subsurface characterization and reservoir consulting.

Direct peers

• DeGolyer & MacNaughton: Dallas-based petroleum engineering consulting firm offering reserves evaluations, reservoir studies, geological analyses, and expert witness testimony — a long-established peer with overlapping services in upstream oil and gas consulting.
• Cawley, Gillespie & Associates: Texas-based petroleum engineering and geological consulting firm offering reserves reports, reservoir engineering, property evaluation, and expert witness services — directly competes with Haas & Cobb for SEC-compliant reserves and A&D due-diligence work.
• W.D. Von Gonten & Co. Houston-based petroleum engineering consulting firm providing reserves evaluations, reservoir simulation, and geological modeling — directly comparable boutique peer with similar reserves-audit and reservoir-engineering capabilities.
• Netherland, Sewell & Associates, Inc. Premier Dallas-based petroleum engineering and geological consulting firm providing independent reserves reports, subsurface modeling, and expert testimony — the closest direct competitor to Haas & Cobb, with several team members having previously worked at Netherland Sewell.
• Ryder Scott Company, L.P. Houston-based petroleum engineering consultancy specializing in reserves audits, reservoir studies, and SEC/SPE-PRMS-compliant reports for E&P companies, banks, and investors — directly competes for the same reserves and due-diligence engagements.
• Sproule (now part of Energy Engineering & Consulting): Global petroleum consulting firm providing reserves audits, geological and reservoir engineering, and unconventional resource assessments — directly comparable in scope of upstream consulting services, with overlap in waterflood/EOR and CCUS advisory.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Haas & Cobb Petroleum Consultants