# Multi Scenario Economics Suite
The multi-scenario economics suite is comprised of three workflows:
# Multi Scenario Economics
# Data Required
This data will require the following data sets:
- Type curve time series
WARNING
For each of the groups in the well header data table, there must be a corresponding economic scenario for that group.
Price Scenarios Data Table
Economic Scenarios Data Table
After the required data tables are in the correct format and imported into Spotfire.
Use this page to configure the model assumptions.
# Forecast Data Inputs
Choose the forecast mode(Single Well/ Type Curve)
Input the number of years to evaluate the model over and select the Type Curve, Economics, and pricing scenarios you want to run the model.
TIP
Be aware of the different mode options:
| Mode | Description |
|---|---|
| Single Well | When using Single well mode, only select the well names option. |
| Type Curve | When using Type Curve mode, configure which group to run the economics. Then, choose the Type Curve calculations(avg,p10,p50,p90) |
# Economic Inputs
In this section, configure the different scenario options for the forecast data.
These options will populate according to your imported required data table
(Economic and price scenarios).
This model will only evaluate scenarios that you select in the inputs. This means that you can bring in many different scenarios with Type Curves, Price and Economics assumptions and selectively run different combinations.
- Select your Tax Option.
- Use the checkbox to configure the different scenarios to run.
- Click “Calculate Economics”.
# Results
After running the Calculate Economics, follow the guide below:
Filtering Use the filtering results to filter a subset of your data.
Summary Values Select the different summary values to display in the Economic results summary Table.
TIP
(Click + Ctrl) to select multiple in order you want them to display. Number after the underscore indicates the discount rate.
# Controls
Forecast Data Input
| Label | Description |
|---|---|
| Mode | Type Curve or Single Well mode |
| Model Length (Years) | Number of years to run forecast |
| Type Curve Model Groups | Type Curve model from the Autocast TC Data |
| Type Curve Calculations | Type Curve calculation from the Autocast TC Data |
| Well Name | Filter the wells names from the Autocast DCA Curves Data |
Economic inputs
| Label | Description |
|---|---|
| Tax options | Choose whether certain economic values (NPV, PVR, Payout, IRR, IE, and MNCD are calculated before or after taxes are applied). |
| Price Scenarios | Filter to your Price Scenario table |
| Economic Scenario | Filter to an economic scenario name |
| Economic Group | Filter to a Economic type curve model group |
Filter Results
| Label | Description |
|---|---|
| TC Calc | Filter to a Type Curve calculation |
| Price Scenario | Filter to a price scenario |
| Economic Scenario | Filter to an economic Scenario |
| Model ID | Filter to a specific model |
| Summary Values | filter to a column from the output table created by running the Economic calculation. |
# Monte Carlo Trials
This is an alternative to the Multi Scenario Economics.
# Data Required
This data will require the following data sets:
- Monte Carlo Economic Input table.
# Description
This page is used to generate Economic Scenarios using a Monte Carlo model. This is an alternative to the Multi-Scenario Economic Input table instead of manually inputting multiple economic scenario, you can use Monte Carlo Sample to build the economic inputs table, based on your values ranges and the selected distribution type.
- Input a number to sample.
- Use the checkbox to select your Simulation ID
- Select the parameters you want to generate the Scenario.
- Click Generate Scenarios
Note: Make sure to reset the filters in the parameter option before moving to the next page.
# Controls
| Label | Description |
|---|---|
| No of Samples | Number of samples when generating the scenario |
| Simulation ID | ID column from the Monte Carlo input table |
| Parameter | Choose the different parameter from the Monte Carlo Input table |
# Field Development Plan
# Data Required
- Well Header Table
- Autocast TC Data (Type Curves page)
- Source Economic Table
- Price Scenario
# Description
Use this page to build a field development plan and calculate project economics. This model builds a drilling schedule for the selected number of rigs, wells, and years. Well Production is based on the Type Curve Group and calculation selected.
- In the FDP Input, configure all the values you want to generate schedule.
- Click Generate Schedule
After generating the well schedule, the model sum production for all the wells to build a field forecast. Next, economics is calculated for the total production time series by using the Economic and Price scenarios selected.
# Control
FDP Inputs
| Label | Description |
|---|---|
| Starting Year | Input a start year for field plan. |
| No. of Years | Input a number of years for the field plan. |
| Type Curve Group | Choose a type curve group. |
| Type Curve Percentile | Choose a type curve percentile. |
| Price Scenario | Choose a price scenario. |
| Economic Scenario | Choose an economic scenario. |
| Rig Move Time (Days) | Input the amount of days it takes to move a rig. |
| Drill Time (Days) | Input the number of days it takes to drill. |
| Completion Time (Days) | Input a number of days it takes to complete a well |
| Other Time (Days) | Extra other days |
| No.Wells Per Year | Input the number of wells per year. |
| No. Rigs Per Year | Input the number of rigs per year. |