Easy Well Petroleum production decline forecasting for Excel
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Easy Well Description

Easy Well is an easy-to-use add-in for Microsoft Excel which adds petroleum production decline Forecast capabilities to your spreadsheet. With the Easy Well Excel add-in sorftware installed, you can use Easy Well functions to forecast the future production from an oil well. An Excel Spreadsheet Tool Use Easy Well as a spreadsheet tool to quickly generate petroleum forecasts. The steps are simple, like any other Excel functions, simply type in the function name, enter at least two required parameters (initial production rate and annual decline rate) and any optional parameters (decline exponent, economic minimum rate, rate constraints, etc.) and in seconds you have a created a petroleum decline forecast right in your spreadsheet. Easy Well Function Writer Not sure what the order of parameters are? Highlight any cell in the forecast, choose EZOIL from the Easy Well menu, and a function writer comes up that shows you all of the possible parameters. This easy-to-use function writer calculates well information such as expected ultimate recovery, production length and graphs the forecasted production. Add, change, or Link any parameters right in the function writer, when you are satisfied, the function parameters are automatically updated in the spreadsheet. Easy Well vs. Forecasting Software Packages According to a recent survey, “more then half of forecasters surveyed use either solely spreadsheet packages (60.4%) or in Combination with one or more forecasting software packages.” Many forecasters need the simplicity and flexibility of a spreadsheet to customize the economics to each properties unique fiscal terms. For these people, expensive forecasting software is often used to generate well decline Profiles that are then exported to a spreadsheet so the economics can be run. Use the Easy Well Excel Add-in to integrate your decline projections with your economics. With Easy well you can create, edit, and change the decline profile

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