Quality Control and Collaboration: How Cloud-Based ComboCurve is Redefining Reserves Management
Reserves can be a stressful time. If you’re working with traditional processes, you’re probably putting in a lot more time than you’d like. From doing a waterfall with five to six runs to trying to figure out variance from previous forecasts, the old way of doing things involves multiple programs and plenty of room for error.
We set out to simplify the process and give teams everything they need in one cloud-based software package. Leverage the power of the cloud and get faster data processing and much faster mass forecasting while running reserves entirely in a web browser. Here are seven key ComboCurve features that make it an indispensable tool for running reserves.
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Seamless Data Integration with ComboSync
ComboCurve changes the game for data management. It offers regular, automated public and private data push/pull capabilities from any source, ensuring that your data is always up-to-date and accurate. This feature not only syncs forecast and economic results – including parameters, Estimated Ultimate Recoveries (EURs), and Net Present Values (NPVs) – with your internal database, but also empowers you to efficiently manage ComboCurve databases. The functionalities for archiving, tagging, and utilizing a forecast approval system streamline data management and make all your data more organized and accessible.
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Advanced Forecasting Capabilities
Forecasting is critical in reserves management, and ComboCurve excels with its mass forecasting capabilities. The software can handle forecasts for thousands of wells, thanks to customizable multi-segment Arps rate and ratio Decline Curve Analysis (DCA). This allows for precise forecasting, leveraging nearby analog wells for more accurate forecasts. The precise manual edit mode provides the flexibility to fine-tune forecasts as needed, ensuring accuracy and reliability that you can trust.
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Diagnostic Tools for Enhanced Accuracy
ComboCurve diagnostic tools are designed to assess forecast error, b-factor, and EUR/ft across a large set of wells. This feature is invaluable for quickly reconciling quarter-over-quarter changes in EURs and comparing forecasts in the same timeframe. These diagnostic capabilities enhance the accuracy and reliability of forecasts, providing a solid foundation for decision-making.
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Probabilistic Type Curve Workflows
Easily run automated and manual multi-segment Arps probabilistic type curve workflows to generate reliable forecasts. The integrated map feature, along with the ability to normalize for Production Loss License (PLL), completions, and spacing, adds another layer of precision to the forecasting process, enabling anyone working with reserves to make more informed decisions.
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Robust Economics Engine
At the heart of ComboCurve is its robust economics engine, which allows users to create economic models from scratch or import assumptions via CSV. This feature supports running multiple economic cases simultaneously, and the processing power of the cloud gives you faster results without sacrificing accuracy. You can quickly generate waterfalls and reconciliation charts, which simplifies complex economic analysis and makes it more accessible and understandable.
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Unparalleled Support and Training
We don’t think it should take years to learn a platform. ComboCurve was designed to be user-friendly and easy for anyone to navigate. We understand the complexities involved in reserves management, so we offer exceptional support and customer success teams that are readily available to answer questions and provide comprehensive training. This level of support ensures users can maximize the benefits of ComboCurve without getting bogged down in platform navigation questions.
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Streamlined Project Management
How much time would you save during reserves season if you could merge and collaborate on projects, scenarios, and forecasts directly in one platform? Doing reserves in ComboCurve streamlines the workflow and enhances collaboration, making it easier to manage multiple projects and scenarios efficiently.
Running reserves has never been easy. That’s why we’re here. ComboCurve provides a comprehensive solution for reserves management, including advanced features that range from data integration and advanced forecasting to economic analysis and a support team that’s committed to your success. Get in touch with our team to optimize your reserves management processes this year.
See how your team can go from forecast to economics in minutes with energy’s fastest analysis engine.
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