R3
Reserve estimation is at the foundation of any economic analysis - which is where R3 begins the process - and then carries through forecasting, economic analysis, reserve management, and reporting.
R3’s Volumetric capabilities take into consideration all geological factors. Add pricing, operating and capital data and you have the complete picture in a matter of minutes, without the need for any other tools.
- Easily and accurately calculate OOIP
- Seamlessly create a forecast with production decline capabilities
- Fine tune the forecast using extensive curve fitting capabilities
There are multiple methods for estimating remaining reserves using Remaining Reserves Estimation (RRE).
- Select from a wide range of curves, models and methods
- Methods include Arps, Decline, Weibulls Model and Hubbert’s Curve
With R3, companies have access to constantly updated reserves data, allowing engineers to make changes that impact reserves while R3 tracks and reports these changes to corporate reserves administrators.
R3 provides control by ensuring data accuracy, integrity and compliance with the highest standards of regulatory bodies.
- Asset level security is provided from within Security Manager
- Security administrators can assign each user with rights to only specified assets
- Define roles that delineate what a specific user is allowed to see and do
Reporting and tracking is extremely flexible with R3’s Reserves Management.
- Easily define reporting periods for internal management and external reporting
- Allows for user or company-defined reserve categories that support an individual company’s strategic plan
- Conveniently access a library of reports in multiple languages by asset, business unit, reserve category, or in multiple combinations
- Monitor changes with a perpetually updated audit trail by reporting period and throughout the history of the asset
In scenarios where performance data is available, R3’s decline analysis provides a quick, easy and accurate method of creating production forecasts.
- Enter or import your data
- Select from multiple templates that best match your scenario
- Determine what points to include or exclude
- Extend for the most appropriate forecast
| Features | pyxis | pyxis Pro | pyxis Pro Global | R3 |
| Decline Curve Analysis |
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| Bonus Searches |
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| Asset Tree Data Inheritance |
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| Evaluate Partnerships |
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| Export/Import/Link Database/Spreadsheet |
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| Import Commercial Production Data |
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| Import/Export Competitive Vendor Data |
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| Incremental Analysis |
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| Intelligent Rollups |
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| Linking of Dependent Assets |
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| Email and Telephone Client Support |
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| Ownerships Reversions |
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| Economic/Graphic Summary Capabilities |
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| Variable/Unlimited Reporting Periods |
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| Volumetrics |
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| SQL Input/Output Database Structure |
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| Automated Field Development Planning |
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| User Defined Reports |
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| Input Form Design/Modification |
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| Corporate Controlled Pricing |
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| Distributed Processing Environment |
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| Multi-User Environment |
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| Report Writer |
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| Multiple Scenarios for Wells |
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| Sensitivities |
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| Stochastic/Probabilistic Analysis |
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| Server/Multi-User License |
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| Portfolio Optimization |
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| Field Development |
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| User Defined Function Library |
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| SI, Metric, Imperial Weight/Volume Units |
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| International Currencies |
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| International Languages |
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| International Fiscal Regime Library |
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| Volumetric Mapping /5 Year Planning |
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| Reserves Tracking/PRMS |
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| Permission-Based User Security Manager |
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| Recoverable Reserves Estimation |
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| Reserves Classification/SEC Reporting |
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Testimonials
“I appreciate all your help, and want you to know that I thought your customer service was exceptional. I will definitely recommend your product to my peers. Keep up the excellent work.”
“pyxis has been an excellent tool in helping us assess and manage our complex and diverse global portfolios. It has become an irreplaceable tool in preparing our reserves and economic evaluations.”