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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.

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Events

Upstream Cost Analysis Service First Quarter 2023 Update

09-10 May 2023 | Global The workshop provides an opportunity to meet our senior analysts and ask questions on a wide range of energy topics. You will also learn about the...
Learn more

Industry Success Stories

Maersk Oil Speeds Decisions, Extends Competitive Edge by Streamlining E&P Project Cost-Estimation

This Danish energy firm makes expert use of an IHS tool to meet tight deadlines for project bids -- eliminating the need for hundreds of hours of manual cost-estimation and saving 75% of the time required to ramp up an outside contractor -- while giving decision makers confidence in the estimates’ proven accuracy.

Learn more about our client’s successes

Pioneer Natural Resources Delivers "OneMap" Vision for Users with Direct Links to S&P Global Well Data

With operations in Texas and California, this independent oil and gas company implemented a single, integrated system that enabled access to 30+ standard reports with the latest well and production info via the Web, avoiding manual processes and increasing data currency. Easily created/maintained "hands-free" data feeds saved months of development time.

Learn More About Our Customers Success

Monroe Energy improves operational efficiency, enables Delta Air Lines’ strategy to cut fuel costs $300MM per year

As a Delta Air Lines subsidiary, this oil refinery reduced the parent company’s jet fuel costs by $300 million per year and increased the efficiency/productivity of its own 40 engineers by up to 2 hours a day – saving about $600K per year. The refinery also strengthened corporate governance by ensuring compliance with safety/environmental standards.

SEE CASE STUDY

O’Brien Energy Company Accomplishes Time and Staffing Savings using FieldDIRECT®

This regional energy exploration and production company reduced the time required to generate monthly reports from 1 day to 20 minutes and reduced the workload from 2 full-time positions to one. Experienced staff now spends time making decisions instead of making reports and pumpers' accuracy has improved, too.

Learn more about our client’s successes

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