Velvet Energy Ltd. is a full-cycle exploration and production company producing 31,000boe/d. They’re focused in the liquid-rich gas and light oil window of the Deep Basin of Alberta, Canada. The company executes an organic growth business plan including early land capture, technical evaluation, exploration, and development of internally generated prospects. Challenges Velvet was using a combination of Val Nav TM and spreadsheets for all forecasting and budget runs. Their teams built an internal model used for calculating economic details on base wells, as well as scheduling out the development wells. As they experienced drilling success in new areas, they had larger, more complex development plans on the horizon that would require quicker, more in-depth scenario analysis. Inves

Join for free to read