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General Data / Project Data                                                          

The project data can be accessed from Three different spots. 

 

  1. From the Network, you can choose "Data - Project Data" from the main menu.

  2. From the Network, or any other tab, you can click on the project name at the right of the screen.
  3. On the data tab, select the project in the hierarchy, then select "General Data".

 

 




From the data tab:






From any of these two methods, you will then see the project data settings:





All of these settings allow you to control parameters global to your project.

Dates

For a discussion of the date settings, see
Dates

Economic Limit

The "# months to Ignore Economic Limit", is the number of months of initial negative operating income that will be tolerated on any assets before shutting down the project as un-economic.


Use WI data for Economic Limit Check

This flag is checked only if you wish to do the economic limit on working interest versus gross numbers.  It is rarely used, as a project will typically be either economic or uneconomic on both a WI and Gross basis.

Don't Share this Project with Other Users

Set this flag if you do not want your project name visible to other users in your company.

Economic Model

Choose the economic model (Fiscal/Royalty system) for your project.  For example, this is where you would set the province in Canada.  Note that any meta projects should use the "Project Link Tax Rollup" model so that tax is not recalculated.

Escalation Set

Choose the escalation set from this option.  See Inflation and Escalation for discussion on how escalation is handled in WellSpring.

Calculation Model Settings

See WellSpring Optimizer and Options for a detailed discussion of the optimizer options.   

See also

Pipelines
General Data for Assets
Current Asset Data
Facilities
Price Sets
Notes
Options
Downtime
Processing Fees
Operating Costs
Capital Expenditure
Royalty Settings
Alberta Land
US Land
User Data
Decline and Production Forecasting
Date Format