P2 Economics

P2 Economics is a powerful economic evaluation program that allows you to efficiently evaluate the value of your Canadian, US or international oil and gas properties.

P2 Economics features allow you to:

Create convenient, easy-to-view projects that contain single or multiple properties, groups and wells
Create and share global evaluation parameters and price files
Use the integrated P2 Decline Analysis database import wizard to automatically create Economics workbooks, complete with well or group headings, working interests, production forecasts and reserves
Use the P2 Economics forecast generator to create exponential, harmonic or hyperbolic forecasts for new wells
Create cases and get summary reports by oil and gas type for Canadian NI51-101 requirements
Easily create evaluations for multiple reserve categories
Use special “Flow Cases” to apply distribute costs and prices to all the cases in your workbook
Run evaluations for specific wells or by reserve category and view summations at the group, property and project level
View and print results immediately in graphical or text formats and/or query from the results database
Export graphical results to a word processor or other presentation tool
Prepare standard reports, which are recognized and accepted by banks, financial institutions and stock exchanges

Data Input

P2 Economics cases are created in workbooks, similar to Microsoft® Excel. Workbooks can have multiple cases on separate worksheets within the workbook and can contain sub-totals and total cases to provide intermediate and overall summations of all the cases. A consolidation workbook that contains multiple workbooks can be created to roll-up multiple properties.

P2 Economics input parameters are set up in a convenient tab menu structure to allow easy identification and selection of appropriate variables. In addition, any case within a workbook can easily be copied to start a new case for evaluation.

To make evaluation quicker, P2 Economics allows the user to import P2 Decline Analysis data to automatically generate evaluation workbooks. When you import your wells/groups from P2 Decline Analysis in this manner, your saved reserves estimates and production forecasts will also be imported and displayed on the production tab of P2 Economics. In addition, you have the option of inputting the fixed and variable costs during this import process.

Global Setup

The Global Set up is a separate module within P2 Economics where you can input all of the corporate economic parameters such as discount dates, rate and inflation factors, crown royalty parameters and corporate price forecasts. You may create many Global Set ups and use them interchangeably with the P2 Economics workbooks.