New Risk Settings Interface is More Intuitive with Better User Control:
New Purchase Price Functionality
Need to get a clear understanding of what can be paid for a new acquisition? Want to take into account your desired returns (IRR, PI, NPV etc) and the tax implications of the purchase? The new Purchase price calculation makes it very easy to evaluate a range of purchase prices, and the impact on your total return, for an entire Project or any given Scenario of a Project.
You can also divide your purchase investment into multiple capital types, to take into account the tax benefit a portion of your bid will generate. The user interface has also had a significant improvement, making the user experience much more intuitive including clearly defining what is impacted by the specific settings and the level at which they apply. Reporting has also been improved to support all 3 interest levels (Gross, WI and Net) and include even more risk results indicators.
The target bid can be sent back to the project/scenario as a new Asset. These can be easily included or excluded from the economic calculations by using the new “Exclude from Calculations” setting. This is used to keep type wells, interest inheritance assets and purchase price assets from being included in the project or scenario economic values. Another simple be very useful improvement in the new software.
New Alberta Royalties
WellSpring’s fiscal model for conventional production in Alberta has been updated to include the Transitional Royalties. Further updates are underway to incorporate the latest incentive programs announced by the government.
|
Exclude Target Bid from Calculations to Maintain Existing Evaluation Results
Updated Peep and Aries Exports
WellSpring is being used by several companies where third party corporate economics systems are still used for PDP forecasting and other corporate processes. Typically in these situations, WellSpring is being used for projects with significant development activity or where facility limitations affect production delivery.
Clients are able to see significant cost savings in the evaluation of these development assets, and improved communication between disciplines. By using WellSpring as the development project tool, facilities engineers, marketing, planners and reservoir engineers can use a single software system to clearly communicate the assumptions used in any given evaluation.
News and Announcements:
Enersight is Expanding to the US:
Enersight is happy to announce the opening of our US office, located in the Galleria area of Houston. Peter Tyler joined our team in May of 2008, and has been in Houston since August. This expansion gives our US clients easier access to both consulting and support services that truly understand the US planning and evaluation environment. Peter is responsible for our US Sales efforts.
Changes in the Canadian Office:
Dan Magyar has initiated a new focus on Consulting Services, and will be leading our efforts with key accounts and implementing best practices services for our clients worldwide. This represents a continued focus on providing our clients the level of expertise they have come to expect from Enersight.
Help has Been Updated
Visit the new help pages by selecting Help – General Help from the menu. There is a lot of new information available, including details of the fiscal calculations and lots of user centric information and shortcuts. If there is anything else you would like to see, please send your suggestions along to support@enersight.com |
