ComboCore

The major problem with legacy software is there isn’t one solution that handles everything you need. Traditional reservoir workflows involve navigating data silos and complex workflows that require multiple programs to analyze capital decisions, asset performance, forecasting, economics, and emissions tracking. That’s a lot of software, and a lot of hours wasted in a week. In 2024, ComboCurve is scaling up and creating a singular toolbox that enables people across the energy sector to collaborate and forecast in one place.  

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.

When it’s time for oil and gas reserves, it’s time to start suffering…or is it? There’s a good chance you spend reserves season frustrated by the headache of multiple runs, tiresome data exports, and juggling multiple platforms and spreadsheets just to get the job done. Good luck doing a waterfall; it’s going to take five or six runs to get that done in ARIES.

Complex reservoir systems require complex data solutions. Whether you’re producing forecasts, generating complex scenarios for reservoir planning, or collaborating with other teams to optimize reservoir development you’re managing massive datasets. Most reservoir engineers spend hours each day navigating between platforms to make accurate, trustworthy asset recommendations, and traditional workflows slow down decision-making and innovation. 

You may have heard of Denver-based operator Validus Energy, who sold its Eagleford assets to Devon in a 1.8 billion all-cash deal in 2022.

The U.S Energy Information Administration estimates international demand for petroleum products will remain competitive through 2050. Production engineers are on the frontlines of the industry, optimizing well operations, analyzing production and economic potential, managing complex data sets, and making high-impact recommendations in the field.  

Garrett Chunn spends multiple hours a day analyzing data in his role as Juniper Capital's Senior Vice President. As a private equity firm that analyzes A&D opportunities as well as the productive potential of existing company assets, Garrett not only analyzes reserves, measures how forecasts meet reality, and runs multiple forecasting and economic models—he also needs a seamless way to share that data.

Not everyone needs the same information when analyzing oil and gas assets and reserves. One size won’t fit all in a world where reserves auditors need specific data in their reporting, and that same report won’t help executives or asset engineers get clear insights into how to optimize operations in the field.

Reserves reporting can make or break an operation. Sitting at the helm of reserves reporting for a plethora of companies across the oil and gas industry is Adam Null, COO of Wright & Company, Inc.