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Terry D. Payne, P.E.

  • Senior Managing Director
  • T: +1 512 327 6930
  • F: +1 512 327 7069
Office
    • 925-A Capital of Texas Highway, South
    • Austin, TX, 78746
    • United States
    • T: +1 512 327 6930
    • F: +1 512 327 7069
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Terry D. Payne, P.E. is a Senior Managing Director at FTI Platt Sparks and is based in Austin. Mr. Payne is in the Platt Sparks energy group in the Economic Consulting segment. Mr. Payne works on all phases of complex petroleum engineering studies. His experience includes detailed reservoir engineering studies, reservoir simulation detailed reservoir engineering studies, reservoir simulation studies, reserve estimates, secondary and tertiary recovery predictions, fair market value and development studies, economic analyses, lease evaluation, prudent operator issues, paying quantities analyses, gas contract analyses for gathering, treating transportation and sales, environmental assessments, and tight gas evaluations. Mr. Payne is well recognized as an expert witness and has testified before the Railroad Commission of Texas, the New Mexico Oil Conservation Division, the Louisiana Office of Conservation, and in numerous litigation proceedings.

Before joining FTI Consulting, Terry Payne was the President of Platt, Sparks & Associates Consulting Petroleum Engineers, Inc. Prior to Platt, Sparks & Associates, Mr. Payne was employed by Chevron USA, Inc. in New Orleans. While with Chevron, he had both production engineering and reservoir engineering assignments in many offshore Gulf of Mexico and inland water fields. Prior to his employment with Chevron, Mr. Payne worked for Conoco, Inc. in their operations group in South Texas, where he was responsible for well production and injection operations, problem well analysis, remedial recommendations, and on-site supervision of well work.

Payne received a Bachelor of Science degree in Petroleum Engineering from The University of Texas at Austin in 1985 and is a Licensed Professional Engineer in the State of Texas. He is a member and former officer of the Society of Petroleum Engineers, a member of the Society of Petroleum Evaluation Engineers, and a member of the Society of Professional Well Log Analysts.

Previous Positions

  • 2014 – Present, Senior Managing Director, FTI Platt Sparks, Austin, TX
  • 1991 – 2014, Consulting Petroleum Engineer and President of Platt, Sparks & Associates Consulting Petroleum Engineers, Inc., Austin, TX
  • 1990 – 1991, Reservoir Engineer, Chevron USA, New Orleans, LA
  • 1986 – 1990, Production Engineer, Chevron USA, New Orleans, LA
  • 1985 – 1986, Lease Operator, Conoco, Inc., Carrizo Springs, TX
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