LandGate has developed an innovative process to allocate production to wells from lease reports. LandGate’s production allocation uses production history, production tests, the geologic region, geologic formation, well lateral length, type curve production forecasts, and production dates to accurately provide the well production data.
Generate asset level reserves in a matter of minutes. With tens of thousands of type curves and fully automated forecasts, LandGate is the fastest economic software in the industry.
Manage your existing assets and run live economics to track asset performance over time. Store your assets as portfolios to track production updates, commodity price changes, and development activity.
PowerVal is much more than an economic software. PowerVal contains accurate well and production data continuously updated, geological interpretations, mapping capabilities, and automated engineering and forecasts. Assuming the same inputs are used, the results of PowerVal economic report are within 0.01% of traditional software.
LandGate has developed an innovative process to allocate production to wells from lease reports. LandGate’s production allocation uses production history, production tests, the geologic region, geologic formation, well lateral length, type curve production forecasts, and production dates to accurately provide the well production data. Read our Well Production Allocation blog for more information.
PowerVal follows the SPE guidelines for reserves calculation complying with SEC requirements. Several clients have compared PowerVal’s default reserve reports, generated in minutes, to third party engineering services and average results fall within 3% of the same economics. As a result, the default parameters can provide light-speed answers while maintaining accuracy. All parameters are adjustable by the user, just like any other engineering tool.
An economic valuation would normally cost thousands of dollars and take weeks of data management, geological interpretation, and engineering analysis. PowerVal derives the same economics in a matter of minutes, saving you significant time and money in the process.
LandGate has evaluated tens of thousands of areas and geological formations and combines this analysis with the latest production data. Using our proprietary algorithms, LandGate generates accurate type curves for all major US basins and formations.
LandGate receives its production data from the states and then follows the absolute best in class quality control, data conditioning and allocation process. Most data providers sell raw data from the states which often requires weeks of work to clean up and load into disconnected softwares and the update process takes as long as the original data load. LandGate offers the best and continuously updated data allowing you to rerun your economics using the latest data, operator activities, and commodity price decks.
PowerVal includes permits, drilled wells, and producing wells for a complete net asset valuation for any operator. Easily search or filter by operator and get a complete perspective on operator performance.
PowerVal’s production data is updated monthly or as often as we receive new data from the states.
LandGate’s developers are ex DoD. User security and confidentiality is our top priority. All user passwords are encrypted and valuations are stored on a secure server only accessible to the user.