Value Navigator 23.2.2

Value Navigator 23.2.2

Empower your organization with a comprehensive tool for asset modeling and reserves management. Seamlessly handle forecasting, economic evaluation, and reconciliation, all-in-one integrated solution that drives efficiency and accuracy.

New Features

BC Royalty Framework Updates

This release delivers the industry’s most comprehensive model of the new B.C. royalty framework that is aligned with evaluators for standardized reserves evaluation in the province. With a sound and accurate economic model, you can have confidence in the results so you can direct your focus on the key economic drivers and analysis. Here is just a subset of royalty aspects incorporated:

• The most up-to-date framework model including the new royalty rate price curves
• Production categories that smoothly handle the transition of existing and new wells between frameworks
• Proper handling of deep well credits, royalty reduction programs, and GCA based on category selection
• The ability to run the old royalty framework as-is to analyze the impacts of the new framework

Bulk Operation Improvements

We’ve introduced significant improvements to the most popular bulk operation tools, including Data Views, the Data Manager, production updates, and spreadsheet imports. So, whether you are updating cost inputs from the spreadsheet importer, changing well header information from a Data View, or updating production history from an internal production system, Val Nav will fly through the updates faster than ever before. The improvements were made by drawing on learnings from the economic engine, which includes multi-threading certain operations. Similar to economics, options on thread allocation for these runs have been introduced to the config file. Note that these changes are focused on bulk operations only, so no performance changes are expected for economic run times. The most notable operations affected are:

• Data View updates, including extra benefits to Well Info updates
• Production updates via an external data connection
• Spreadsheet imports including extra benefits to well info imports
• XML Imports
• All Data Manager operations
• Data Validator
• Recalc cached forecasts