Common Challenges

• Many of the industry-standard economic evaluation applications lack mapping and visualization capabilities making it difficult to work with reserves data to identify potentially costly anomalies and issues.
• Reserves are critical information needed by various groups within an operator. Sharing the data and answering questions about them can consume a lot of engineers’ time.
• Acquisition screening is time-consuming due to the overhead to gather and load data into an economics tool, generate decline forecasts and associated economics, and analyze.
• Engineers often need supporting information for wells to aid in their reserves evaluations and calculations. This data can be in multiple databases and can take a while to access.