An Oil and Gas Data Management Solution for Four Bore Consulting

Matt Blose is the founder of Four Bore Consulting and works as a consultant and contract engineer for oil and gas companies through Basin Engineering / Basin Operating Services. Along with juggling a myriad of clients, he found himself drowning in oil and gas data management while trying to run analytics on wells for multiple companies.

He needed a tool that was reliable, fast, and easy to use. Colleagues at his former company had raved about demos with ComboCurve, and he knew he needed to find out why it had caught the attention of those he trusted. When he left that company and started his own, he took ComboCurve with him.

“The three tabs I always have open on my computer are Bloomberg Commodities (to check the daily oil and gas prices), Grease Book (to track production for all our wells), and ComboCurve.”

Oil and Gas Data Management: Spreadsheets No More

Throughout his career, he’s worked for companies of all sizes and worn many hats – completions and production mainly with reservoir engineering and drilling experience as well.

He previously used Aries software and manually entered and analyzed data to run reserve reports, forecast, and build type curves.

“For smaller shops, doing the spreadsheet work is fine,” Blose said. “But it can get tedious and eat into the time you have for your job responsibilities when you have a hand in so many things.”

The volume of data became a struggle to keep up with. Enter: ComboCurve.

Embracing New Technology

ComboCurve was a breath of fresh air for Blose. He was able to run countless datasets on as many wells as he wanted, decrease human error, and position himself to make better business decisions. It also allows him to consult for more companies without the tedium of manual oil and gas data compilation.

ComboCurve offers a unique, white-glove experience for its customers. They meet with companies long after purchase to ensure they have a strong understanding of how to use the cloud-based tool. Other companies close communication at the point of sale.

“After a couple of months, I was really proficient in ComboCurve,” Blose said. “With Aries, you have to enter data a certain way. It becomes one of those things where if you go a while without using it, you forget how to use it and have to relearn the formatting and sequencing requirements by watching videos. The simplicity of ComboCurve’s UI means that I could go a few months without using it, then log in and pick up right where I left off.”

Blose loves the speed, accuracy, and artistic visuals ComboCurve offers. He credits the visuals for making his presentations more appealing.

“I love the simplicity of ComboCurve. It’s so user-friendly and helps simplify a lot of the steps that come with analytics–type curve generation economics, forecasting wells. I used to have to manually build decline curve sheets by taking and qualifying data from production software systems, pasting it into a spreadsheet, and playing around with and tweaking it. To do that for every single well is exhaustive. With ComboCurve, I can download multiple datasets at once and add to or modify them. It’s the central place for everything and has saved me countless hours.”

The Returns on Data Efficiency

• Hours saved: run data on multiple wells at once instead of manually creating spreadsheets and leaving room for human error.
• Improved accuracy and quality of oil and gas data management: Get to the finish line of projects faster with quality data produced by reservoir engineering software that’s both trusted and established in the industry.
• On-demand analytics: One click generates all the data needed to make informed business decisions and get a leg up on competitors.
• Better asset management: Have wells you don’t own 100% of? Forecast and run cash flow models for their present and future value to evaluate the other party’s interest and see various buy-out scenarios.

“In the years to come, it’ll start paying for itself,” Blose said. “My goal is to grow significantly and I’m thankful to have ComboCurve to facilitate that goal. I’ve got something I’m fluent in that can manage that volume of data – meaning I’m not trying to build the plane as I’m flying.”

He’s planning to drill wells in the future and is excited to use ComboCurve to rework past reservoir reports, build type curves, and run present and future value scenarios.

“It’s such a relief to have a tool I use to evaluate data myself as opposed to going off of someone else’s evaluation that I may or may not trust,” Blose said.