60-70% Reduction in Forecasting Time: Enhancing Arrington’s Long-Term Strategy

“I believe we’ve seen 60-70% reduction in time for evaluating prospects and opportunities by using ComboCurve and ComboSync.”

– Christian Cotton, Operations Engineer, Arrington Oil and Gas Operating LLC

Arrington Oil and Gas operates substantial assets in the Midland area and beyond. Operations Engineer Christian Cotton reflects on how the demand grew for a solution that could streamline operations, specifically with accuracy of forecasting and deal evaluations, operational production metrics, and completion strategies.

Manual Processes Led to Missing Out on Lucrative Deals

Arrington’s reliance on legacy tools and manual processes for deal evaluations and asset management was proving to be labor-intensive and slow. Responding quickly to market opportunities was a pain point. The process often involved rudimentary calculations and delayed deal evaluations, sometimes taking weeks to complete. Additionally, the existing tools were found to be cumbersome and less intuitive.  

“ComboCurve and ComboSync together have really amplified the speed in which we can analyze and evaluate large-scale data.” – Christian Cotton, Operations Engineer 

 

Adopting ComboCurve: Reliable and Accurate Auto-Forecasting

Adopting ComboCurve provided the ability to automate forecasts, streamline deal evaluations, and easily integrate with existing workflows. Despite a non-technical background within parts of the Arrington team, ComboCurve’s intuitive design has allowed Arrington to quickly adapt and leverage the platform for complex tasks such as type curve analysis and cash flow forecasting.  

Quality control features ensure that errors in data inputs are quickly identified and corrected, leading to more reliable outputs. Collaborative features have also made it easier for Arrington to integrate various workflows and share data across the team. 

“I’ve found ComboCurve’s auto forecast to be much more accurate than other software. If I’m looking at thousands of wells, I can’t go in and manually edit each one.” Christian explains. “ComboCurve’s auto forecast is going to be accurate enough to give me reliable insight for performance across an area. It does a lot of data analysis for you, efficiently and accurately. You can analyze a multitude of different factors, faster.” 

 

ComboSync’s Added Value

Arrington also recently added ComboSync, our in-house data integration solution that enables the automated push-and-pull of data. Previously, Arrington would pull hundreds of wells in a field from Enverus, only to have to repeat that process on a monthly basis to keep production and data up to date. With ComboSync, production numbers, and data are updated automatically on a nightly or weekly basis with no additional effort. All that is left to do is modify forecasts!

“More than half of my time evaluating data was spent gathering it on different platforms. ComboSync’s automatic data feeds have greatly enhanced my efficiency.”

– Christian Cotton, Operations Engineer

 

A New Take on Evaluation Speed for Arrington

“The speed and accuracy with which we can gather and analyze well performance data has made all the difference for us.” 

Arrington relies on ComboCurve daily for acquisition evaluations, asset management, forecasting cash flows, and generating detailed reports for their LPs. 

Arrington establishes baseline type curves across over 40 areas and runs evaluations based on those curves. For acquisitions, ComboCurve enables Arrington to assess type curves, predict production start dates, and model future cash flows. This ensures alignment with LP expectations for returns. This process is now up to 70% faster.  

Flexibility around managing existing assets, accommodating fluid start dates, and varying operator schedules is now much easier. ComboCurve also helps with monitoring conversion rates from PUDS to permits, and ultimately to PDP, adjusting for differences based on operators and situations.

 

Key Benefits:

 

Arrington’s adoption of ComboCurve has streamlined its operations, improving deal evaluation, asset management, and return maximization. Quarterly reporting and acquisition underwriting saw significant improvements, reaching a level of speed and accuracy that wasn’t possible with legacy tools. ComboCurve’s intuitive interface delivers rapid, reliable outputs, enabling even non-technical users to manage complex tasks confidently. 

“I appreciate the versatility of ComboCurve in analyzing data. The benefit of normalizing and evaluating well performance and type curves along different variables has been enormous. We are quickly able to evaluate well performance on a number of different fronts quickly and accurately in ways that took much more time and effort in the past.”

– Christian Cotton, Operations Engineer