3 Ways to Maximize Your Mineral Returns with ComboCurve

May 2, 2023

With the ever-evolving landscape of the oil and gas industry, access to accurate data and efficient forecasting tools is a game changer.

Making informed decisions about your assets is crucial to maximizing mineral returns. With the ever-evolving landscape of the oil and gas industry, having access to accurate data and efficient forecasting tools can be a game changer.

Let’s explore three ways mineral and royalty owners can enhance their decision-making with ComboCurve. If increased accuracy, confidence, and speed in evaluating mineral deals are important to you, read on.

1. Exponentially Faster Deal Valuations

If you own a mineral company, free valuations are the lifeblood of your deal flow. They are essential for attracting deals and a critical first step in qualifying prospects. With legacy options, valuations can take several days shuffling data between spreadsheets, software packages, and third-party consultants.

ComboCurve helps mineral and royalty owners close resource and expertise gaps by giving them access to the same advanced evaluation tools seasoned reservoir engineers prefer. Rather than using one software to create forecasts and type curves, another for economics, and still more for mapping and scheduling, ComboCurve unites all of these and more into a single platform. Determine if a deal is worth your time in a matter of minutes.

2. Run Combos to Quantify Risk

First Production Date is a significant driver of each well’s present value (PV). Since mineral and royalty owners are by definition non-operators, they do not have access to an operator’s drilling schedule. If you purchase minerals expecting them to produce in 3 months and it ends up taking 12 months, the difference can blow up your balance sheet.

With legacy tools, it can take several hours to execute a single economic run. You could spend days simply running economics to quantify your risk at 3, 6, 9, or 12 months.

ComboCurve doesn’t have these problems.

The platform does not run calculations on your local machine. It distributes the workload across thousands of computers in the cloud allowing you to run multiple scenarios with a plethora of differences in sensitivities simultaneously. This helps you quickly identify the impact of changes in schedule or pricing assumptions to better understand the risk associated with each deal you evaluate.

3. Use Offset Well Data to Create Proximity Forecasts

When you run into a well that doesn’t have enough history to produce a forecast using traditional methods, what do you do? The most obvious answer is to pull offset wells and see how they produce. But there is a vast difference between eyeballing production from nearby analog wells for a sanity check and creating legitimate decline curves that accurately predict how an asset will perform over time.

ComboCurve gives you the power to fetch proximity wells and automatically create forecasts using their data. Normalize production according to Linear, 1-to-1, or Power Law Fit, set P min/max, adjust b Factor, and much more to produce accurate forecasts that give you actionable data.
In summary, ComboCurve can provide mineral and royalty owners with increased accuracy, confidence, and speed in their decision-making process. The ability to run multiple economic scenarios and sensitivities simultaneously can save you days of work. Lastly, Proximity Forecasts lead to more informed evaluations resulting in better investment decisions and maximized returns.

As the oil and gas industry continues evolving, staying ahead with the latest tools and technologies can give mineral and royalty owners a competitive edge in this market.

It’s time to optimize your assets with the power of ComboCurve.

Visit ComboCurve.com to Learn More.

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