ProdEval Description
There is no definitive archetype for a typical user of this system, as it caters to a diverse range of professionals, including independent reservoir engineers compiling reserve reports, production engineers developing AFEs and overseeing daily production metrics, bank engineers managing petroleum loan packages, CFOs evaluating their borrowing bases, property tax specialists estimating ad-valorem values, and investors engaged in the buying and selling of producing assets. TCW’s ProdEval software offers a swift and thorough Economic Evaluation tool suitable for both reserve assessments and prospecting analysis. With its user-friendly and accessible approach to economic analysis, ProdEval effectively meets the needs of its users. A significant feature that appeals to newcomers is its ability to project future production using advanced curve fitting techniques, which allow for easy adjustments to the curves. The flexibility of the system is noteworthy, as it can integrate data from various sources, including Excel spreadsheets and commercial data providers, making it a versatile choice for many. Overall, ProdEval not only simplifies complex economic evaluations but also enhances the decision-making process for its users.
ProdEval Alternatives
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Intelex
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Aucerna Reserves
Aucerna Reserves utilizes advanced cloud technology within a secure interconnected platform to streamline intricate operations and reserves management processes. By offering operators in-depth analysis and reporting capabilities, it integrates data from various organizational sources to create a holistic view of corporate reserves. This solution allows teams to move beyond cumbersome spreadsheets, reducing the risk of data entry mistakes as they gather reserves and resource estimates from volumetric calculations, reservoir simulations, economic models, and other sources. Currently, Aucerna Reserves is trusted for the management of billions of barrels of reserves across a spectrum of companies, from small independent firms to large international super-majors. Designed specifically for the energy sector, Aucerna Reserves ensures agile, precise, timely, secure, and consistent reserves reporting, effectively mitigating the risks associated with traditional spreadsheet-based reporting methods. In an industry where accuracy is paramount, Aucerna Reserves stands out as a critical tool for effective resource management.
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Aucerna Val Nav
Val Nav™ is an all-in-one software solution designed for decline curve analysis, petroleum economics, and reserves management. This scalable and comprehensive system features an innovative auto-forecasting algorithm and a robust economics engine, making it a complete reserves estimation and evaluation tool. With Val Nav™, users can conduct decline curve analysis, type curve analysis, analog forecasting, cross-plots, and statistical evaluations, as well as gas material balance and volumetric analysis, all from one platform. Its advanced type curve analysis draws on the expertise of a leading specialist in the field, enabling engineers to perform all necessary calculations without the hassle of exporting data to spreadsheets. The software allows users to quickly define scenarios without the need to recreate cases, streamlining economic comparisons and significantly cutting down turnaround time by up to 90%. Furthermore, Val Nav™ is a truly global solution, accommodating multiple currencies and offering an extensive library of over 75 fiscal regimes to enhance its versatility for various markets. This ensures that users can effectively manage their petroleum resources on an international scale.
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Pricing
Free Version:
Yes
Integrations
No Integrations at this time
Company Details
Company:
Texas Computer Works
Website:
www.tcwsoftware.com/products/prodeval/
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Product Details
Platforms
Web-Based
Windows
Types of Training
Live Training (Online)
In Person
Customer Support
Business Hours
ProdEval Features and Options
Oil and Gas Software
Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management
ProdEval User Reviews
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