PetroVisor App : Development, Acquisition & Divestitures

Development, Acquisition & Divestitures

Improve asset decision-making, whether for development strategy or acquisition and divestment review, boosting capital and investment efficiency with a clear technical and economic framework.

 

Development, Acquisition & Divestitures

Development planning and A&D analysis are difficult jobs that require collaboration across several skill sets. When changing commodity prices, uncertainties in capital costs, operating costs, production forecasts, and developing technologies are factored in, the process becomes nearly impossible; companies frequently sacrifice technical quality in order to provide findings in timeframes relevant to decision-makers.

PetroVisor's Development and Acquisitions & Divestitures App addresses this issue. This app, which is native to the PetroVisor Platform, produces high-quality results at record speed. We integrate data analytics, engineering, economics, uncertainty analysis, and machine learning in tried-and-true procedures that allow engineers and geologists to use their time wisely, focusing on analysis and conclusions worthy of their expertise rather than moving data and generating graphs.

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A Simplified Approach to Acquisitions and Divestitures

1
Connect

to all disparate data sources regardless of type or location

2
Characterize

all related data in a single, unified data layer for consistent answers

3
Consume

data and analytics in real-time with machine learning

App Workflows & Features

Calculate numerous production-based Key Performance Indicators including IP90, IP365, production-based primary phase determination, recent secondary phase yields, etc.

When geologic data is available, calculate numerous reservoir-based Key Performance Indicators including landing zone %-tile, net pay, porosity, porosity-thickness, etc.

Forecast 40-year individual-well monthly production for all producing phases on all wells with a multi-pass, rule & regression-based workflow.  Utilize the 3-parameter hyperbolic equation (Arp’s) with an exponential tail with numerous user-defined guides that can be area and formation-dependent.  Includes gap, rework and outlier detection and handling. Forecasts are easily edited in a dynamic interactive editing window which also allows additional decline segments to be imposed.

Create non-overlapping closed polygons around each well encompassing the acreage closer to that well than any offsets. This process generates a first pass estimate of drainage areas, lateral/well spacings at the time the well began to produce, lateral/well spacing as of today, and a great mapping feature that can be color-filled with any signal in PetroVisor.

 

Voronoi Polygons

 

Use ML and/or MVR to predict production at drilling or rework locations from completion and reservoir data. Typically, the ML/MVR models are trained to predict IP90 and EUR for a specific completion design and geologic location, and those predictions are converted into 40-yr monthly production forecasts by modifying local zero-time average production curves from existing nearby and/or analogous wells.

Standard individual well, 40-yr, monthly cash flow analysis.  All producing phases, NGL purity product streams, fixed and variable operating costs, abandonments costs, existing and drilling/rework locations, etc. When available, utilize internal accounting system data for operating and well costs. Roll up to any hierarchy level for multi-well cash flows.

Development and A&D investor returns with sensitivities to the acquisition price, commodity prices, production, capital costs, and operating costs. Impose numerous asset & corporate-level cash flows on the multi-well roll-ups including debt, equity, dividends, working capital, infrastructure capital, plant, and pipe take or pay obligations and ARO’s. 

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App Benefits

Quickly optimize drilling and rework schedules to achieve corporate production and financial goals and accurately understand cash flows, valuations, outside funding needs, realistic dividend projections, and investor returns. Prepare development strategies, budgeted cash flows, and conclude A&D decisions with confidence. 

  • Created with Lunacy
  • Created with Lunacy
For The Executive

Improve capital efficiency with an easy-to-understand and explain the capital program or A&D decision.  Quantitatively address and illustrate the impact on debt, equity, and dividends from uncertainty in production forecasts, capital costs, operating costs, and commodity prices.

For The Investor

Quantify and illustrate the impact on investor returns from uncertainty in production forecasts, capital costs, operating costs, and commodity prices.

For Operations

Quantify how cost overruns and missed field activity deadlines impact corporate goals and financial success.

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Energy Tech Night: Datagration Presentation

Datagration presented the PetroVisor™ Platform at the Energy Tech Night. Watch our CTO, Kenton Gray, give his presentation of the PetroVisor platform in this a replay of the event.

Additional Resources


 

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WHITEPAPER

Unconventional Asset Evaluation

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WHITEPAPER

Development, Evaluation, And Economic Modeling

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WHITEPAPER

Asset Optimization with PetroVisor