PowerTools^® (US)

Maximize well production with reservoir and economic analysis.

Can your oil and gas software give you the information you need to accurately analyze opportunities?

PowerTools^® is an intuitive, Windows^®-based software program providing reservoir and oil and gas economic analysis in minutes. Learn how to:

Evaluate reserve, income, net present value and undeveloped potential
Directly link to other powerful S&P Global applications and content
Estimate reserves for large numbers of wells quickly and easily to facilitate better business decisions

Galvanize reservoir and economic analysis Enjoy a no-risk trial of Power Tools

REQUEST FREE TRIAL

What's Included

Features

Modeling

Use automatic decline curve fit or manipulate and refine your evaluations using intuitive click and drag functionality. Compare value based on prices, expenses, taxes.

Mapping

Input multiple leases in one location. Visualize lease locations and add custom bubbles and color contour maps.

Multiple Views

View multiple EURs with simultaneous production decline curve analysis, Use Static pressure data to perform Material Balance analysis and calculate volumetrics to compare and substantiate estimates.

Reporting

Generate over 65 pre-designed O&G reports including cash flow summaries, production or hybrid reports, on-demand with updated well, subtotal, and grand total summaries.

Set-up/Install

Quick and easy installation featuring built-in audio tutorials and extensive help documents.

Scenarios

Easily compare scenarios with multiple variables like price, expenses, taxes, investments and interests, and use cases, reversions, taxes, ROI and more.

Delivery

S&P Global DirectConnect

Leverage the near seamless integration with S&P Global Content, engineering and geological interpretation applications.

Enerdeq^® Browser

Access oil and gas production volumes/tests for more than 1.7 million producing entities and select leases on-demand, for your PowerTools project.

Petra^®

Import and analyze Petra project data for well header, location, and production, then export back to Petra as a zone.

FieldDIRECT^®

Review updated leases, see downtime graphics oil, gas, and water production.

FAQs

Can I add my own data to a PowerTools property?: Yes. You are able to edit/add either Lease Header information or Lease History, which includes production data or test data. Point to a lease name in the Project Tree, right click, and select Edit. Edit the lease headers under the Lease tab and edit pressure tests and production history in the Pressure and Production tabs.
Does PowerTools store the actual values of the forecast line?: No. Only the curve handle positions are stored, but they are sufficient for PowerTools to redraw the forecasts. If you need the individual monthly values for the forecast, select the Lifetime Monthly Production Forecast Report.
How can I create oil and gas pricing escalations?: Price changes can be defined either by Escalations or Schedules. Click on the Add to Settings Tree button and select Add Escalation or Add Schedule, or double-click on the name of an escalation or schedule to modify it. Escalations define the changes in time using segments (up to twenty segments). They are excellent for multiplying or incrementing a value each month. Schedules may be used to define inputs month-by-month from 1/1950 through 12/2149. Schedules are well adapted for historical reviews in which monthly input values are available. Once the escalation or schedule has been defined, it can be applied to a loaded lease by selecting the model name in the Economics tab, or it can be applied to a project-level case in the Settings tab. See the multimedia tutorials for instructions on creating escalations.
How can I perform a decline curve analysis on a summary of leases?: Select some leases in the Lease tree, then click the summation button and select Create Summary Lease. Provide a name for the new lease, and it will be added to the Lease tree. Load the new lease, and go to the R/T graph to perform decline analysis.
How does PowerTools calculate pseudocritical temperature and pressure?: PowerTools estimates the pseudocritical temperature and pseudocritical pressure from gas gravity for both condensate fluids and miscellaneous reservoir gases. The calculated values for Tc and Pc are corrected for sour gas content with a Wichert-Aziz correction.
How does PowerTools calculate the bottom hole pressure?: PowerTools records both the shut-in tubing pressure and bottom-hole pressure. PowerTools also determines whether the bottom-hole pressure was calculated or measured. If the bottom-hole pressure was measured, then the system uses the pressure as given. If the bottom-hole pressure was calculated, then PowerTools will recalculate the bottom-hole pressure based on input and default values. PowerTools uses an iterative procedure to calculate bottom-hole pressure based on the Cullender-Smith technique. This technique consists of iterations based on a calculation of the average Z-factor for the gas conditions, well depth and temperature.
How does PowerTools calculate the gas formation volume factor?: The gas volume factor is calculated using the ideal gas law with a Z factor correction, using standard pressure and temperature as specified by the state, otherwise using a temperature of 60° F and pressure of 14.65 PSI.
How does PowerTools calculate the oil formation volume factor?: PowerTools estimates the oil formation volume factor at the bubble point, above the bubble point, and below the bubble point. The oil formation factor is used to correct to surface barrels of oil from reservoir conditions in the volumetric calculations.
How does PowerTools calculate the Z factor?: PowerTools calculates the real gas deviation, or Z factor (Z), for hydrocarbon gases. The technique used by this program was developed by Dranchuk, Purvis, and Robinson. The Benedict-Webb-Rubin equation of state is fit to the Z factor surface defined by the Standing-Katz Z factor correlation. The resulting nonlinear equation is then solved for Z as a function of reduced temperature and pressure using Newton-Raphson iteration. The Dranchuk, Purvis, and Robinson correlation has the lowest average error of the eight most commonly used methods for estimated Z factors.
What are the volumetric calculations that are used?: Oil in place = (7758 * porosity * (1 - Water saturation) * acres * net pay) Oil volume factor Gas in place = (43.56 * porosity * (1 - Water saturation) * acres * net pay) Gas volume factor
Why am I not getting a forecast on the graph for a product?: If a lease has an Inactive status, forecasts are not drawn. You can use the Edit Lease Header Dialog to change the lease status to Active, to draw the forecasts. For Oil and Gas curves on Active leases, the forecast will not project into the future if the curve slope is positive. Only water curves are allowed to project with a positive slope (note: PowerTools “caps” monthly water production at 1,000,000,000 bbls, to prohibit unreasonable forecasts from water flood projects).
Why would I have trouble moving the handles on a hyperbolic projection?: This is probably because the curve is too flat, and PowerTools constrains the curve to a valid hyperbolic solution. Toggle the curve to Exponential, give the curve some (negative) slope, and then toggle back to Hyperbolic. Or drag the right-most curve handle downward, and then drag the left-most curve handle upward, and the projection should become easier to edit.

Resources

Harmony Enterprise Training Courses

IHS Markit Energy Blog

Opt-In for Events and Webinars

IHS Markit Engineering Solutions

Industry Success Stories

Global Oilfield Services Leader Minimizes Risks/Costs by Proactively Maintaining Inventory of Electronic Components

One of the world’s largest oilfield services providers reduced uncertainty about parts obsolescence and replacement availability by providing its employees with real-time access to data for 25,000+ parts and eliminating delays to part change notices. The company also ensured compliance with latest REACH, RoHS and Export regulations.

Learn more about our client’s successes

RWE Dea AG Relies on Consistent, Global Platform for Concept Screening/Optimization and Cost Control

To gain an advantage in highly competitive energy markets, this industry leader leverages rapid, accurate analysis of global oil and gas projects -- from exploration to concept selection and field plan development -- that save time and deliver insights by comparing cost scenarios and production profiles.

Learn more about our client’s successes

Shell Innovates the Biofuel Market with Marine Algae

This group of oil, gas and petrochemical companies has interests in a variety of renewable energy sources and has become the world’s largest distributor of biofuels – exploring ideas to accelerate potential development of a commercially-feasible and climate-friendly biofuel from marine algae.

Learn more about our client’s successes

Mack Energy Co. Increases Production and Accelerates Decisions with Rapid Availability of Well Data

As one of the top oil producers in Oklahoma, this company began using an electronic system to make information available to all of its employees. Production data is no longer entered manually so it is available for analysis the next morning and overall production increased because problems are resolved as much as a week sooner.

Learn more about our client’s successes

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PowerTools^® (US)

Maximize well production with reservoir and economic analysis.

What's Included

FAQs

Resources

Industry Success Stories

Global Oilfield Services Leader Minimizes Risks/Costs by Proactively Maintaining Inventory of Electronic Components

RWE Dea AG Relies on Consistent, Global Platform for Concept Screening/Optimization and Cost Control

Shell Innovates the Biofuel Market with Marine Algae

Mack Energy Co. Increases Production and Accelerates Decisions with Rapid Availability of Well Data

Follow Us

Explore

PowerTools® (US)

Maximize well production with reservoir and economic analysis.

What's Included

FAQs

Resources

Industry Success Stories

Global Oilfield Services Leader Minimizes Risks/Costs by Proactively Maintaining Inventory of Electronic Components

RWE Dea AG Relies on Consistent, Global Platform for Concept Screening/Optimization and Cost Control

Shell Innovates the Biofuel Market with Marine Algae

Mack Energy Co. Increases Production and Accelerates Decisions with Rapid Availability of Well Data

Follow Us

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Explore

PowerTools^® (US)