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What is R3?

We provide support to a range of operators, including banks, consultants, national oil companies, and government organizations, enabling them to manage their assets effectively and accurately. Utilizing R3's top-tier decline curve tools, you can easily compute reservoir volumes and generate reliable production forecasts. Our Monte Carlo probabilistic simulator is designed to help you evaluate risks tied to your development strategies while enhancing cash flow through stochastic analysis. You can also effortlessly craft structured reports that meet SEC, PRMS, governmental standards, or your specific requirements. Our sophisticated decline curve analysis tools come with user-friendly features, such as shortcut keys and customizable templates, which greatly boost evaluation productivity for our clients. Furthermore, you can produce credible and flexible Reserves Reports along with Interactive Visual Analytics Storyboards to enhance your presentations. Additionally, R3 Economics acts as the core component of our modular system, providing unmatched adaptability for different operational demands. This holistic strategy guarantees that all users can optimize their asset management practices for maximum efficiency, ultimately leading to better decision-making and improved outcomes.

What is ProdEval?

There is no single typical user for this system, as it serves a wide array of professionals, such as independent reservoir engineers creating reserve reports, production engineers who design AFEs and track daily production metrics, bank engineers dealing with petroleum loan packages, CFOs assessing their borrowing capacities, property tax experts estimating ad-valorem valuations, and investors involved in the acquisition and divestiture of producing assets. TCW’s ProdEval software provides a rapid and comprehensive Economic Evaluation tool that is ideal for both reserve assessments and prospecting analyses. Its user-friendly interface and straightforward approach to economic analysis ensure that it effectively fulfills the requirements of its users. A particularly attractive feature for newcomers is the software’s capability to forecast future production using sophisticated curve fitting methods, which facilitate easy modifications to the curves. The system's adaptability is impressive, as it can seamlessly incorporate data from multiple sources, such as Excel files and commercial data providers, making it a flexible option for a variety of users. Moreover, ProdEval not only streamlines intricate economic evaluations but also significantly improves the decision-making processes for its users, ultimately leading to more informed business strategies. This comprehensive functionality positions ProdEval as a valuable asset in the toolkit of professionals across the industry.

Media

Media

Integrations Supported

Real Review Response

Integrations Supported

Real Review Response

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

OGRE Systems

Company Website

www.ogresystems.com

Company Facts

Organization Name

Texas Computer Works

Company Website

www.tcwsoftware.com/products/prodeval/

Categories and Features

Oil and Gas

Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management

Categories and Features

Oil and Gas

Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management

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