Field Information

In order to estimate the well pay out to future years, the system needs to know the decline rates of the fields the wells in the system are drilled in. The system will estimate out to 12 years. The fields will also allow you to enter the percentage decline or gain expected in gas and oil prices during the next 12 years. These percentages can then be used to estimate the well revenue in the future.

Note: If you are using this so that the field shows up on the TX PR report, you only have to fill in the name. You do not have to fill in the other part of the .

Field ID
Enter the Field ID code for the given field. The code can be up to 10 characters in length.

Field Name
Enter the name of the field. This is the same name that is entered into the well records in the Maintain> Well Information . The field listed here is the name used on the TX PR report if you purchased the state specific report.

Year 1 Production Decline Percentage - Year 12 Production Decline Percentage
The percentage decline that can be expected for each year that a well in this field produces. This information is used to show the decline in revenue or production for wells in this field. The Oil & Gas Investment Manager will forecast revenue and production based upon the decline of the field the well is in. Enter the percentages for the number of years that you want this field to be forecast. Percentages should be entered as whole percentages. For example: 50% as 50.0.

Oil and Gas Price Changes
The percentage fluctuation in oil and gas prices from year to year. These percentages are used to show well declines taking the possible price fluctuations in the coming years. If the price is going up, enter the percentage increase as a positive number. If the price is going down, enter that percentage decrease as a negative number. Percentages should be entered as whole percentages. For example: 50% as 50.0.