Mastering PHDwin V3: Quick Start Guide for Oil & Gas Reserves with QED Energy Associates скачать в хорошем качестве

Mastering PHDwin V3: Quick Start Guide for Oil & Gas Reserves with QED Energy Associates

In this session from PHDwin Week 2023, Courtney Stevens—founder and CEO of QED Energy Associates—walks through a practical, step-by-step guide to setting up an evaluation in PHDwin Version 3. She demonstrates how to create scenarios, input production data, incorporate royalty interests, apply price decks, and generate decline-curve forecasts. The video concludes with tips on comparing scenarios, including a high-price sensitivity case, ensuring a solid foundation for anyone looking to master PhDWin V3’s fundamentals. NOTE: This video was filmed in an older version of PHDwin V3. Please note some features may have changed slightly. If you have questions please get in touch with [email protected] Timestamp Timeline 00:00 – Introduction & Welcome • Event kickoff for PhD Win Week 2023 • Introduction of Courtney Stevens (QED Energy Associates) 00:29 – Courtney’s Background • Overview of her experience in oil and gas • Work history with NSAI, Wateras & Co., Marathon Oil 01:20 – Quick Start Guide Overview • Goals for setting up a new PhDWin V3 evaluation • Explanation of the case study using mineral interests 02:16 – Data & Database Creation • Using check stubs to input well names and interests • Creating a new database and importing production data 03:06 – Scenario-Based Approach • Setting up a scenario (QED0923) for evaluation • Applying qualifiers for prices, expenses, etc. 06:14 – Entering Expenses • Adding fixed costs per well per month • Demonstration of Grid Editor for bulk edits 09:26 – Ownership & Royalty Interest • Importing royalty interests from check stubs • Confirming working interest vs. royalty interest 12:58 – Applying Price Models • Creating and assigning a gas price strip • Global Editor to apply pricing across all wells 14:24 – Decline-Curve Forecasting • Generating automatic ARPS parameters • Fine-tuning curves for a reliable first-pass forecast 19:20 – Checking Results & Economic Limit • Running a quick report to confirm inputs • Verifying taxes, expenses, and discount rates 21:28 – High-Price Scenario Example • Creating a new scenario with a flat $5 gas price • Comparing results to the base scenario 25:28 – Final Summary & QED Services • Recap of evaluation workflow • Overview of QED’s training and consulting offerings 27:23 – Closing Remarks & Next Session Preview • Thanks to Courtney Stephens and QED team