R3 Economics

R3 Economics, developed by OGRE Systems LLC, is an oil and reserves asset manager designed to assist small to large oil and gas companies in optimizing their drilling programs and managing their oil and reserves assets. This modular-based software suite offers a range of features including:

Modular approach: According to the vendor, R3 Economics offers a modular approach to petroleum economics, allowing users to choose the specific modules they need for their operations.

Production forecasting: The vendor states that users can forecast production volumes and plan for future production based on their reserves using R3 Economics.

Financial information for risk analysis: R3 Economics delivers financial information essential for risk analysis, enabling users to assess the financial risks associated with their drilling programs, as claimed by the vendor.

Optimizing cash-flow from drilling programs: According to the vendor, R3 Economics helps users optimize cash-flow from their drilling programs by providing insights and tools to maximize revenue generation from drilling activities.

Industry-leading oil and reserves asset manager: The vendor claims that R3 Economics is an industry-leading oil and reserves asset manager, offering robust functionality and tools for managing oil and reserves assets.

Integrated with other R3 modules: According to the vendor, R3 Economics is seamlessly integrated with other modules in the R3 Software Suite, allowing users to leverage the full suite of tools and functionalities for comprehensive reserves management.

Flexible and customizable reporting system: R3 Economics offers a flexible and customizable reporting system, empowering users to generate reports tailored to their specific needs and preferences, as claimed by the vendor.

Compliance with industry standards: According to the vendor, R3 Economics ensures compliance with industry standards such as PRMS, UNFC, and SEC, providing users with accurate and consistent modeling for their reserves evaluation.

Robust data connection and I/O: The vendor states that R3 Economics provides robust data connection and I/O capabilities, enabling users to easily import and export data from Excel and Access databases.

User-friendly interface: The vendor claims that R3 Economics features a user-friendly interface, allowing users to navigate and interact with the software easily, enhancing their workflow efficiency.