Capturing, communicating, storing and providing secure access to data accurately and timely are great advantages in today's technology-driven "now" society. It is no different in the world of operating oil and gas wells and managing those assets efficiently. It is, in fact, paramount to success in an industry that has created great wealth & reserve growth while at times also causing much consternation and heartbreak.
The life cycle of an oil and gas well, lease, property or asset is a dynamic process which needs to be managed carefully. Accurate data which is readily available through a secure 24/7 database is a cornerstone of value creation and growth. Brammer utilizes industry-leading software Peloton WellView 10.1 as our data repository for our clients' oil & gas data.
Our database currently contains over 6,300 client assets. These records are maintained in a data structure that is available to each client through a password secured portal. Operational reporting in WellView begins with staking a location and continues throughout the life cycle of a well concluding with abandonment and location restoration. A complete well history, daily and cumulative production reports, and decline curves are also available to the client as well as our staff.
WellView also interfaces with Brammer's accounting software from Quorum Business Solutions. The Quorum interface allows for estimated field costs to migrate from WellView field reports into Quorum, and in turn allows actual costs to migrate from Quorum into WellView. This ability creates the suite of management reports (AFE vs Actual vs Estimated Costs, Lease Operating Statements, etc.) that our staff and clients use to "maximize production and minimize cost."
To expedite timely communication, clients receive reports daily via email when there is activity and associated expenses occurring on the leasehold.
Through our
ebrammer
3.0 web portal, every customer can access this data and these reports from their desk whether they are down the street or half a world away. A client can enter the system and read a morning report, look at daily production, or drill down to an image of the trucking invoices paid for the last load of saltwater that left location. From monitoring operational activity to auditing the joint account, a customer has free and secure access on a 24/7 basis.
Another feature that the marriage of WellView and Quorum provides in our ebrammer3.0 web portal is a virtual well file. These well files are the repository for all of the pertinent data that the historical paper file once housed; permits, plats, bids, contracts, sketches, well history, expense and revenue accounting data, wellbore diagrams, etc. Our clients can actually use our ebrammer3.0 web portal as a data room, and one of the best features of these databases is that they are portable. If the client so chooses, once they sell assets those databases can be transferred in whole or in part to the acquirer.
Let us help you manage your data and add value to your assets.
