How Peregrine Energy Uses ComboCurve to See the Big Picture
Solutions
Industry
See how your team can go from forecast to economics in minutes with energy’s fastest analysis engine.
Background
CJ Tibbs, the founder of Peregrine Energy, LLC, needed to bridge the communication gap between non-technical teams and highly technical reservoir engineers. As a seasoned professional in software and IT, CJ understood the complexities of aligning diverse groups. However, finding a comprehensive solution seemed like an insurmountable task. He had all but given up his search for an integrated platform before becoming ComboCurve’s first customer in 2020.
Challenge
Peregrine Energy needed a platform that would allow different teams to work together seamlessly to evaluate potential asset acquisitions quickly and accurately. The platform needed to be flexible and user-friendly, so that it could be used by people with different levels of technical expertise. Until ComboCurve came along in 2020, no such platform existed.
Solution & Impact
Peregrine Energy witnessed a monumental shift in their operations with ComboCurve. The platform effectively connected business, finance, and reservoir engineering teams, providing easy-to-understand information and comprehensive well economics.
Users of all technical proficiencies could quickly create and manage risk models, gaining valuable insights into decline figures, Present Values (PVs), assumptions, and projected cash flow. Collaboration and understanding among team members were significantly enhanced.
ComboCurve reduced the time required to create multiple models for a single property from days to minutes. This acceleration in decision-making allowed the acquisition and sales teams to quickly evaluate multiple scenarios in a single session.
ComboCurve’s support team was responsive and helpful, even working on a Sunday night to address CJ’s queries promptly and offer troubleshooting assistance. The platform’s out-of-the-box configuration capability eliminated the need for extensive customization.
ComboCurve has drastically reduced time evaluating and tracking assets. The way ComboCurve gears its data, the tool has become extremely useful to our business users and our engineers. This has resulted in increased efficiency across all our teams. Product support has been second to none. We look forward to a long relationship with the people of ComboCurve.
CJ Tibbs
Co-Founder / Managing Director
Peregrine’s Return on Investment
Outrageous Time Savings
Significantly reduced modeling time, from days to minutes.
Minimal Disruption, Maximum Productivity
Responsive support team minimizes downtime and ensures prompt issue resolution.
Rapid Decision-Making Made Easy
Accelerated decision-making process with the ability to evaluate multiple scenarios in a single session.
Unpack Economic Assumptions on the Spot
Enhanced understanding of acquisition factors allows teams to unpack decline figures and economic assumptions in real time during meetings with prospects.