Audience
Oil and Gas solution for organizations
About R3
We enable operators, including banks, consultants, national oil companies and government agencies to simply, accurately and efficiently manage their assets. Easily compute your reservoir volumes and create accurate production forecasts with R3’s industry leading suite of decline curve tools. Understand risks generated by your development plans and optimize your cash flow with stochastic analysis using our Monte Carlo probabilistic simulator. Effortlessly generate structured SEC, PRMS, government or customized reports. Advanced tools for the user to perform decline curve analysis; Thoughtful features like shortcut keys and template customization will boost the evaluation efficiency of our users. Generating reliable and customizable Reserves Report and Interactive Visual Analytics Storyboard. R3 Economics is the core product of our modular based system.
Other Popular Alternatives & Related Software
Tecplot RS
Tecplot RS is an integrated visualization and analysis software tailored for oil and gas reservoir engineers. It facilitates the management and interpretation of reservoir simulation data through comprehensive XY plots, 2D cross-sections, and 3D grid visualizations. The platform supports data import from various simulation sources, enabling users to efficiently organize results, validate reservoir models, and effectively communicate findings across teams. Recent updates, such as the 2023 R1 release, have introduced features enhancing the assessment of history match quality by allowing the creation of selection sets based on deviation bands. Additionally, the software now supports the visualization of negative values in stamp plots, aiding in the analysis of fluid behavior trends within reservoirs. With a user-friendly interface, Tecplot RS ensures a short learning curve, complemented by full technical support and free online training.
Learn more
ComboCurve
Combine multiple data sources, create forecasts, generate type curves, run economics, and plan for net-zero all in one operating platform. ComboCurve is a Fintech company focused on the energy space. We are disrupting well forecasting and cash flow analysis with our flagship product ComboCurve (think supercharged Aries but easy to use). We have introduced the concept of probabilistic reserves and economics which is impossible in 40-year-old current desktop solutions. The efficiency gains of at least 10X using ComboCurve come from collaboration, incredible speed (30,000 forecasts & economics in ~5 min), and integrated workflows (which have been realized through multiple client trials).
Learn more
PHDWin
PHDWin is a full-featured, completely integrated economics and decline curve software package written by petroleum engineers for the oil and gas industry. It offers a complete solution to manage, organize, and evaluate reserves and economics. The next generation of PHDwin, Version 3, launching Fall 2020. PHDwin V3 gives all the power to the user. Our highly customizable user interface allows you, your team, and/or your manager to create and share views that will bring efficiency to your workflow. As always, any changes you make trigger real-time recalculations and updated display on the screen. PHDwin V3 has been highly anticipated in the oil and gas world for good reason. No other software platform delivers unparalleled calculation speeds, virtually limitless database size1, practical engineering tools, and sophisticated economic calculations all packaged inside a highly customizable user interface. With PHDwin V3 you’ll achieve better reserves through better economics.
Learn more
ProdEval
There is no such thing as a typical user of this system. Users include; independent reservoir engineers doing reserve reports, production engineers working up AFE’s and monitoring daily production, bank engineers tracking petroleum loan packages, CFOs tracking their borrowing base, property tax professionals assessing ad-valorem value, plus investors buying and selling producing properties. TCW’s ProdEval software is a quick and comprehensive Economic Evaluation system for both reserve reporting and prospect analysis. ProdEval has a very easy-to-use and straightforward approach to economic analysis and this methodology serves the user well. For example, the projecting of future production using sophisticated curve fitting techniques that allow the user to simply adjust the curves is one of the big factors that new users find attractive. The system is a rather open-ended system in that it accepts data from many sources; excel worksheets, commercial data sources.
Learn more
Integrations
Company Information
OGRE Systems
www.ogresystems.com
Videos and Screen Captures
Other Useful Business Software
Our Free Plans just got better! | Auth0
You asked, we delivered! Auth0 is excited to expand our Free and Paid plans to include more options so you can focus on building, deploying, and scaling applications without having to worry about your security. Auth0 now, thank yourself later.
Product Details
Platforms Supported
Windows
Training
Live Online
Support
Phone Support
Online
R3 Product Features
Oil and Gas
Material Management
Resource Management
Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Project Management
Scheduling
Work Order Management
