WellSpring Newsletter (June, 2006)

Enersight Releases WellSpring 2.0

Enersight is pleased to announce the release of WellSpring version 2.0. Both Version 1.0 and Version 2.0 can be accessed from the Login menu on our website. You can go back and forth between the old version and the new version. See it now @ www.enersight.com

WellSpring 2.0 has a completely new look and feel including color schemes and navigation.
We've added direct integration of risk and sensitivity analysis into the network economics. This lets you lay out multiple risked development scenarios and quickly view the impact risk has on your expected values and reserves.
Scenario comparison and reserve category graphs are now available at the bottom of the PlanView tab. These graphs will plot results for all scenarios or reserve categories side by side.
Project Folders are now available on the Projects tab. Users can create their own multi-level folder structure and drag and drop their projects to simplify organization of projects.
Production Decline Sets. An asset can now have multiple decline parameter sets defined with each scenario specifying which one is used in its calculations. You can view these different declines side by side on the Decline tab.
The "Fill Facility" auto-development rule has been expanded to support rig count. WellSpring will now control the drilling program based on rig availability, drilling time and facility capacity so as to maximize production without overrunning the facility.
Enhanced support for CBM reservoirs has been added allowing the specification of varying gas composition and well deliverability as the reservoir pressure declines.
Decline Rates can now be entered in four different modes: Annual Nominal, Annual Effective, Monthly Nominal and Monthly Effective.
The reporting options have been increased to include quarterly reporting and cumulative reporting.