We were overwhelmed and grateful by the response. 4Father spots are gone.
Follow us on LinkedIn. That's where we are most active. There's a rumor we might start a 4tnightly (bi-weekly) newsletter.
We have data coverage for Oklahoma, Texas, New Mexico, Pennsylvania, West Virginia, Louisiana, and Ohio. We have line of sight on North Dakota and Wyoming. Let us know if there's one you would like to see.
Yes! We have the ability to connect to your data source and map the appropriate columns. Right now, your production numbers will need to be in monthly values.
Yes! All confidential information is protected under the license agreement.
Yes! Our free trials last 30 days and will not allow for the option to export data.
You can cancel at any time.
We do not offer payment plans; however, we do have monthly, quarterly, annual, and multi-year contract options.
Our outlier detector and auto-forecasting features coupled with robust economic scripting perform 80%+ of the heavy lifting for you. We'd love to compare it with your data in a demo with you.
For historical prices, it uses NYMEX pricing. Forward prices are a flat oil and gas price. We have capabilities to run flat pricing for historical and point forward. As of now, we do not have the ability to incorporate strip prices for future pricing; however, it is on our roadmap.
This is very dependent on the information you actually use from other software. From a high-level, 4cast gives you mapping capabilities, well header information, monthly production data (no pressures and water is sparse or non-existent), modified hyperbolic Arps forecasts, and a cashflow model to obtain outputs such as cashflows, PVs at various discount rates, payout, IRR, ROI, and PIR.
If there's something you have to have from another software, there's a chance we could integrate it. We welcome a challenge!
4cast generates the valuation of an oil and gas wellbore. It is commonly used as a robust screening tool for mineral deals. It does this fast and accurately.
Experienced users can have a full valuation completed in under an hour. It doesn't take long to become an experienced user.
Standalone right now with vision to be web-based. 4cast is built in Tibco Spotfire so each module is a desktop application installed on your local machine.
Yes! With every license agreement, a Spotfire Consumer is included FREE.
Yes! With every license agreement, Mineral Answers data is included FREE.
We have extensive well header and monthly production data.
Yes, there are numerous ways to export the data as well as potential to customize the reporting to your needs.
Yes! We have an Aries connector option in BETA testing.
No. It is very high on our roadmap, and we will update this answer once it is implemented.
Absolutely! We welcome any and all ideas. There's a link to submit feedback in each 4cast module.
The outlier detector is used to scrub out things like flush production and shut-in production. The sensitivity can be modified by the user.
The auto-forecast feature generates a decline curve through the production that has not been 'kicked out' by the outlier detector. The user has the ability to set the bounds of the Arps' decline curve parameters. In addition, the user can generate a manual decline curve.
The user has the ability to modify numerous inputs to apply a valuation to the decline curve(s) generated in previous steps. Some of the numbers you can determine: price per acre, rate of return, present values at various discount rates, profit to investment ratio, payout, economic life, and much more.
Not yet, but it is high on our roadmap. If you have a representative well to use as a type well, you can run that through 4cast and use it for your reserve and economic decisions.
No. This is something we have on the horizon, but it is a little ways out.
The options are vast. PDFs and PowerPoints can be generated with a couple clicks. It is built in Spotfire, so we can very likely build a customized report to whatever you might want.