We are pleased to announce the most recent addition to our technical advisors. David Fulford will be joining us to bring his vast wealth of knowledge and insight to take ComboCurve to the next level. With fifteen years of experience in the E&P industry between Gryphon Oil and Gas, Devon Energy, Apache Corporation, and currently Arm Energy, David has become a highly regarded member of our community. Throughout his storied career he has led the development of a land-geoscience-production technology platform, carried out economic characterization of full asset life-cycles, and has advised executive management on capital allocation for strategic goal achievement. He has authored many technical papers, acquired patents, and serves as technical editor for SPE’s peer reviewed journals. With a Bachelor's from TTU and a Master's from A&M, both in Petroleum Engineering, we know David is going to be an excellent member of our team. Welcome to the team, David!
The team at ComboCurve has built a product that is well beyond its competition. Predicated upon scalable Markoff Chain Monte Carlo simulations and other machine-learned systems moving towards neural networks, anyone not using ComboCurve is disadvantaged in the market. Hefner Energy underwrote a $90 million offer to Fortis Minerals comprised of more than 1,450 horizontal wells in a matter of hours and with confidence. We are a proud partner of ComboCurve.
ComboCurve platform has become an integral part of our day-to-day operation. With help from ComboCurve our team has become more agile, precise, and efficient than we have ever been. Whether forecasting mature C02 floods or new horizontal shale wells, ComboCurve has the flexibility and customization to handle it all. Most of ComboCurve’s competitors are antiquated softwares that have not been updated in decades, and the ComboCurve team is committed to transforming that pitfall in our industry. It is very evident that their team has spent countless hours on understanding existing workflows and listening to user feedback to continuously improve their cloud-based platform. With an intuitive User Interface, machine learning capabilities, a passionate leadership and customer support team, as well a holistic approach to workflows; ComboCurve has proven to us to be everything they promised, and more.
Working on a recently purchased asset, there was a lot of work to do on the reserves/forecasting side in a very short timeframe. I've used all the popular forecasting/economics software and wasn’t confident we could get the required work done in time until I started using ComboCurve. In a little over a week, I was able to forecast over 6,000 wells with very high confidence in the forecasts. #ComboCurve is not only the most capable economics and forecasting tool I’ve used, but it also has the best (and easiest) user interface I’ve seen. This is an incredible tool that is only becoming more and more powerful with each update the folks at ComboCurve make. One more thing – they also have the best and most responsive customer service I’ve ever experienced. If you haven’t checked out this software yet, do yourself a favor and ask them for a demo.
The support offered by ComboCurve is the best I've ever had. They state that they answer tickets within 15 minutes, but the reality is that they usually answer in less than 5 minutes and will respond with Zoom meetings with two or three other staff members to help you. They are absolutely committed to your team and ensuring that ComboCurve is the best tool for the job. Additionally, if you would like a feature added, their developers will work on it and roll it out very quickly.
We have been really impressed with ComboCurve platform to provide straight-forward key solutions to a traditionally complex cross-functional field development process via a user-friendly interface.
The platform has allowed our Team to work collaboratively and concurrently on development plans, evaluate internal and external improvement opportunities, and discuss assumptions in a transparent manner.
We have been very happy with the accessibility of the support team, and ComboCurve’s dedication to the continuous improvement of their platform.
As a technical resource for the entities I do business with, I have long struggled to create meaningful, accurate, complicated valuations with the resources at my disposal and within my technical competence. I had other software solutions because I would have to use them daily or risk losing all the invested time and money.
My role requires more than valuations, so I could not justify the investment of time or money. As remedial as it seems I had been relying heavily on custom models in Excel and Spotfire or the occasional cloud-based napkin math tool to grunt through valuations. This was cumbersome and time consuming, but I had confidence and control over the valuations and in hindsight was a good learning experience. But, eventually it got tedious with the iterations and the increase in deal flow.
Then I met the ComboCurve guys and they introduced me to their platform. It had the ease of use of the cloud-based napkin math tool but the explicit control to customize every input parameter of a model or deal. I could do DrillCos, Minerals, ORRIs and Operated deals all in a point and click fashion on a cloud interface. I could easily import production updates, ownership decimals, price decks, CAPEX and OPEX. I could forecast thousands of wells in minutes with confidence thanks to the statistics and diagnostic analytics. I could filter and work with subsets of wells. I could iterate, build out scenarios, and test economics. I could build type curves, test single well economics, and schedule PUDs in them with ease. And it is all very intuitive, no costly and time-consuming learning curve like other products.
Throughout testing the platform, whenever I ran into an issue, the ComboCurve team would reply to my requests in minutes and do not close the issue until its resolved. At one point, I even had to tell one of their team members that it was Friday after hours, and my problem needed to wait until Monday, no hurry. Turns out the problem was user error and we walked through the issue Monday, making sure we both understood the error of my ways so we could diagnose and avoid it in the future - a learning opportunity for both of us. I had another customer service request a while back, a quick “how do I” question and it too was addressed with enthusiasm, a great attitude and in minutes, not hours or days.
ComboCurve has an amazing platform and a phenomenal customer support team to back it up. I have seen them continuously add to the functionality and capability of the platform and continuously improve the intuitiveness of the existing features. It is my go-to for all valuations these days, whether screening deals or carrying out my due diligence of a close.
ComboCurve has been a great new tool to add to our toolbox. The flexibility to access the cloud-based software from anywhere has been critical, particularly during the pandemic and work from home era. The easy menu navigation, logical data structures and accurate auto-forecasting allow us to be able to increase our productivity and come to a conclusion at a much faster rate than we could with other software platforms.
The most impressive part of ComboCurve, however, has been the customer service. If you have any issues, suggestions, or feedback the team at ComboCurve responds to you within just a few minutes and if they don’t have a fix for you that day, there’s a patch for it in the next update.
It seems like the economics software in the oil and gas industry has been stuck in the 90s for some time now, but ComboCurve brings us up to 21st century standards. I highly recommend using ComboCurve.
Since deploying ComboCurve over the last few months as an integral part of our mineral evaluation process, our lean technical team has forecasted 3,000+ wells and generated 75+ type curves in the Permian, Bakken, Eagle Ford, and Haynesville plays. Its all-in-one capabilities have saved 100’s of man hours without sacrificing any technical quality.
ComboCurve has helped us deploy capital at a pace that was not achievable before implementation. We are extremely happy with the product and will continue to use it in an extended capacity as it evolves.
It’s been a pleasure working with the ComboCurve team. They are very responsive to questions and feature requests and have already implemented numerous of our feature requests. They have a very fast development cycle and have been successful in executing on an ambitious plan.
On the IT side, they are up to date on the latest technologies and are very conversant in them. One of my favorite features is PDP forecasting, which is probably an order of magnitude faster than other software products.
I look forward to seeing more success from the ComboCurve team and continuing to work with them.
Since incorporating ComboCurve into our workflow, our type curve creation process is increasingly streamlined and consistent. The platform is built on flexibility, and the ComboCurve team is extremely responsive if there is a feature we want to add.
ComboCurve has drastically reduced time evaluating and tracking of assets. The way ComboCurve gears its data, the tool has become extremely useful to our business users in addition to our engineers. The result has been increased efficiency across all our teams. Product support has been second to none. We look forward to a long relationship with the people of ComboCurve.
ComboCurve has been a game changer for our deal evaluation process. Whether valuing minerals, operated, or non-operated assets, the platform is incredibly fast, integrated, streamlined, and easy to use. Along with a great product, their customer support is best in class with response times usually within 5 minutes.
Create completely customizable multi-segment automatic & manual forecasts P10, P50, and P90 profiles for all 3 phases
Manage wells by exception by running our proprietary diagnostics and compare forecast against actual
Analyze mineral, royalty, net profit interest, WI, and other deal structures in minutes
Generate economics run with complex assumptions and varying 1000s of inputs in time
Run multiple rig and completion crew assumptions on your future wells and see the impact on your portfolio
Model detailed ownership with multiple reversions (IRR, ROI, Payouts, ..) and create dynamic drilling and completion cost models
Create detailed probabilistic type curves with multiple segments based on SPEE guidelines
Normalize type curve based on a certain lateral length, proppant loading and fluid per foot
Run detailed economics on type curves seamlessly integrated into one module
View and select wells on the map
Add shape files and well sticks
Filter wells using 100s of available well headers