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Introduction to production workspace

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INTRODUCTION TO PRODUCTION WORKSPACE – APRIL FEATURES April 2016
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Page 1: Introduction to production workspace

INTRODUCTION TO PRODUCTION WORKSPACE – APRIL FEATURESApril 2016

Page 2: Introduction to production workspace

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NEW FEATURES AND BENEFITSFeature Benefit Relevant Persona

Probabilistic Decline Curve Analysis

Automated decline curve fitting with a full description of EUR probabilities, including P10, P50, and P90 values

Reservoir Engineers / Financial Analysts / Geologists

Group and Aggregate Technology with Bar Chart Display

Analyze and create bar charts with filtered and aggregated data

Reservoir Engineers /Geologist / Financial Analysts

Well Cards Easy access to all critical information about a single well, including well logs, directional surveys, permits, etc

Geologists

Additional value added features of Production Workspace

Exploratory Data Analysis Tools

Synthesize data into historical production, type curve, decline curve, and scatterplot charts

Reservoir Engineers / Financial Analysts / Geologists

Mapping Customizable map view accessible alongside related charts Reservoir Engineers / Financial Analysts / Geologists / Land

Specialists / OFS professionals (drillers, etc)

Custom Layout Customizable user interface enables users to rearrange platform tools and components

All users

Exports Production time series detail, production summary data, rigs, permits, charts, and chart data exportable into CSV files

Reservoir Engineers / Financial Analysts / Geologists / OFS (drillers)

Production Data Current and historical production data for 4M wells across the U.S. Reservoir Engineers / Financial Analysts / Geologists

Rig Data Coverage for 95% of the U.S. rig fleet, updated in near-real time OFS (drilling contractors) / Financial Analysts

Permit Data Searchable database of over 1.5M permits OFS (drilling contractors)

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E&P SOLUTIONS FOR RESERVOIR ENGINEERS

Responsibilities: Benchmark company performance relative to competitors in a given area; Predict reserves/EURs; Quantify spread in predicted remaining reserves

Features Used: Type curves, probabilistic decline curve analysis, curve autofit technology• Select wells in area of interest, filtering to horizontal wells in same

formation• Quantify spread in EUR prediction (+/- bbls) and calculate P10,

P50, P90 values

Drillinginfo Solution: Create type curves, benchmark performance by operator, use autofit technology to identify best decline curve model, predict EURs

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E&P SOLUTION FOR GEOLOGISTS OR ENGINEERS

Responsibilities: Benchmark competition; Compare six-month production for operators in target reservoirs

Features Used: Grouping and aggregating; bar charts• Select wells in area of interest, filtering to horizontal wells

in same formation• Use grouping and aggregate feature to create bar charts

comparing operator performance

Drillinginfo Solution: Compare operator performance; Export data and integrate with internal databases for proprietary analysis

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E&P SOLUTION FOR GEOLOGISTS OR ENGINEERS

Responsibilities: Determine correlations between well depth, trajectory, and six-month production for a given area; Identify best practices in drilling high performing wells

Features Used: Scatterplots • Filter to area of interest, well depth, horizontal wells, and

six-month production

Drillinginfo Solution: Visualize scatterplot correlations and integrate data with internal databases for proprietary analysis

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FINANCIAL SERVICES SOLUTION: RESEARCH ANALYST

Responsibilities: Monitor portfolio companies; Make buy/hold/sell recommendations based on company activity; Verify company’s reported reserves

Features Used: Type curves; curve autofit technology; probabilistic type curve analysis• Quantify level of risk in predictions and compare

estimates to company’s reported reserves

Drillinginfo Solution: Benchmark performance by year, use autofit technology to identify best decline curve model, predict EURs; Quantify level of risk in predictions and compare estimates to company’s reported reserves

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HIGHLIGHTS OF PRODUCTION WORKSPACE FEATURES

All customers will have access to an exciting new technology within Production Workspace that allows them to automatically fit decline curves and forecast reserves with Drillinginfo.

With this new tool, customers will stop manually selecting decline curve models and produce more accurate EUR predictions. The probabilistic decline curve analysis tools allow customers to easily improve the accuracy of and manage risk around EUR predictions. The next-generation decline curve autofit technology automatically selects the best fit for decline curves, completely eliminating manual processes and the possibility of human error.

The tool also produces P10, P50, and P90 values to easily analyze the likely spread around the estimate. A suite of exploratory data analysis tools allows for easy visualization and exportation of data. Now, customers can quantify the risk in their reserves estimates and make confident recommendations with Drillinginfo.

Minimize risk and maximize accuracy in your EUR predictions

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THANK YOU


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