ProdEval

ProdEval is an Economic Evaluation system specifically designed for reserve reporting and prospect analysis in the oil and gas industry. According to the vendor, this software solution caters to the needs of reservoir engineers, production engineers, bank engineers, CFOs, and property tax professionals, making it suitable for independent producers of all sizes. With its user-friendly interface and versatile functionality, ProdEval aims to provide efficient and accurate economic analysis for professionals in the oil and gas industry.

Key Features

GRT: According to the vendor, GRT is a comprehensive system that calculates production based on field measurements, tank tables, and well test data. It offers data entry tabs designed to resemble a typical gauge sheet, ensuring easy recognition and input. The vendor claims that GRT is suitable for independent pumpers, gauging companies, and oil and gas operating companies. Additionally, it can be combined with TCW's ProdEval software to enhance its value.

ProdEval: According to the vendor, ProdEval is a quick and comprehensive Economic Evaluation system specifically designed for reserve reporting and prospect analysis. It provides an easy-to-use and straightforward approach to economic analysis. The vendor states that ProdEval accepts data from various sources, including excel worksheets, commercial data sources, and TCW's electronic gauge sheet system (GRT). Moreover, it offers data export functionality to allow integration with other software packages.

Production Monitoring: The vendor claims that ProdEval provides an efficient solution for managing and accounting for production on a monthly and daily basis. It enables selective export of data to other systems through various file formats and offers numerous reports for identifying variances and problems. Additionally, ProdEval utilizes curve fitting techniques and production declines for forecasting future production.

Managing and Controlling Production Information: According to the vendor, this feature of ProdEval allows users to store production volumes, well test values, and economic parameters in a single database. It simplifies data entry from spreadsheets, commercial databases, and field data collection programs. The vendor emphasizes that ProdEval supports seamless integration with other software through Excel imports and exports. The availability of pre-set reports and plotting facilitates daily production management.

Seamless Integration: The vendor highlights that ProdEval aims to seamlessly integrate data collection from the field to the office. It offers flexible software configurations to adapt to different company environments. This feature ensures a smooth transition of data from the field to the office, simplifying the process of gathering and transferring production data. The vendor suggests that ProdEval empowers field personnel to become managers of producing assets rather than mere data collectors.

Bank Borrowing Analysis and Reporting: According to the vendor, ProdEval provides specialized reports for financial analysis, including the Economic Recap Report. It calculates borrowing base and debt service requirements for bank borrowing analysis. The vendor further states that ProdEval enables financial pro-forma modeling with future value calculations and well count limitations. These unique capabilities assist in assessing value and computing borrowing capacity.

Alliances: The vendor highlights that ProdEval offers integration with various public and private sources of production data. It provides a direct link to the Lasser Data database for seamless data import. Additionally, ProdEval collaborates with tax appraising firms and operating companies to ensure the system remains current and up to date.