Deal Evaluation in ComboCurve: Bakken Shale Non-Op

Hello, Dylan Breaux here with ComboCurve.

In this video, we’re going to walk through a deal evaluation in ComboCurve. The deal we’ll be evaluating is an impressive package provided by EnergyNet: Lot 121019 in North Dakota. It’s a 671 well non-op package with significant upside locations.

The theme of the day: you have all the evaluation tools at your fingertips within ComboCurve. No need to reinvent the wheel. You can leverage previous work and, by the end of Day Two, roll the deal directly into your reserves or budget database—all within ComboCurve.

Here’s what we’ll cover today:

1. Forecasting your PDP:
   • QC the seller’s forecast using our diagnostics tool.
   • Start from scratch with an auto forecast or evaluate individual wells.
2. Undeveloped Locations:
   • Pull type curves from previous work or use our proximity tool to create custom type curves automatically.
3. Running Economics:
   • Run up to 10 different economic scenarios simultaneously.
   • Visualize the changes from the seller’s initial forecast to your final numbers for management.

Let’s jump right into it!

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Getting Your Data into ComboCurve

There are several ways to import data into ComboCurve:

• Drag and drop Excel files, PHP files, or ARIES databases.
• Use a ComboCurve share code—a string of text provided by EnergyNet or other sources. Simply paste this code into the import project icon, give it a name, and click “import.” This creates a complete copy of the provided data, including forecasts and economic scenarios.

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Step 1: Forecasting Your PDP

Start with the seller’s forecast:

• Create a copy of the forecast and make manual adjustments, or start from scratch using our auto-forecasting tool.
• Use the diagnostics tab to QC seller data, compare forecasts to actuals, and identify outliers.
• Make manual adjustments directly in the editing tab for wells requiring tweaks.

For auto-forecasting:

• Use saved configurations tailored to specific regions, such as Permian or Eagleford.
• Apply custom settings, like using 30 months of production data or running a moving average.

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Step 2: Evaluating Undeveloped Locations

Two methods to tackle undeveloped locations:

1. Type Curves:
   • Import existing type curves from basin studies or create new ones within ComboCurve.
   • Apply type curves to undeveloped locations using filters like latitude/longitude or shape files.
2. Proximity Tool:
   • Generate custom type curves based on geographic location and specific criteria (e.g., landing zone, operator, or production history).
   • Use parameters like a 10-mile search radius or wells with >12 months of production to refine results.

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Step 3: Running Economics

ComboCurve’s economic tool is laid out in a tabular format for easy filtering, grouping, and sorting:

• Apply economic models to each well row by row.
• Use share code data as a baseline, then create new qualifiers for custom assumptions (e.g., CapEx, pricing models).
• Export data to Excel for edits and re-import it into ComboCurve.

Key features include:

• The ability to run up to 10 economic scenarios at once, ensuring you’re prepared for every outcome.
• Customizable PDF reports for management, banks, or auditors, complete with your company’s branding.

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Wrap-Up: Seamlessly Merging Data

Once the deal is finalized:

• Merge it into your reserves or budget database.
• All assumptions, forecasts, and economic models will be locked and loaded for future use.

If you’re interested in a custom demo or would like us to walk through a deal you’re working on, please reach out. We’d love to help. Thank you