ARIES™ Software Advanced Release 5000.1.13 - iEnergy®

ARIESTM Software,Advanced

Release 5000.1.13

© 2015 Halliburton

Part Number 240002 Revision D December 2015

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ARIESTM Software, Advanced Release 5000.1.13

Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P-1

Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P-1

Chapter 1: Database Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-1

Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-2

ARIES Database Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-2ODBC Connections and Data Sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-3Table Sets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-5Project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-12

Data Source Types . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-13

One Data Source/One DBS Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-13One Data Source/Multiple DBS Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-14

Creating Your ODBC Connection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-16

A Helpful Generic ODBC Connection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-23

Chapter Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-27

Chapter 2: Advanced Project Manager Topics . . . . . . . . . . . . . . . . . . 2-1

Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-2

Data Transporter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-3

Selecting the Target Data Source and DBS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-4Selecting and Mapping the Data to Transport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-6Mapping Table Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-8Limiting the Data Moved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-14Selecting the Merge Data Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-15

ARIES™ Software Advanced, Release 5000.1.13 i

Contents

Global Editor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-22

Global Titles Property Tab. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-25

Master Table Drop Down Menus and Requested Items. . . . . . . . . . . . . . . . . 2-30

Master Table Drop Down List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-30Project Manager Table Editor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-33

Chapter Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-42

Chapter 3: Advanced MultiGraph Topics . . . . . . . . . . . . . . . . . . . . . . . . 3-1

Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-2

AutoCast. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-3

Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-3Best Practices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-3Fitting and Forecasting Using AutoCast. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-4Updating Your Forecasts Using AutoCast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-11Setting Up the Graph Scheme. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-14Storing Forecasts Section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-15Retrieving Forecasts Section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-15Initialize Section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-15IntelliFilter Section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-15Other Required Setups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-16The Update Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-17

Plotting Monthly and Daily Data on the Same Graph . . . . . . . . . . . . . . . . . . 3-20

Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-20Building the Curves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-20

Plotting Economic Limits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-31

Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-31Plot Layout Instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-33Legend Tab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-34Economic Limit Tab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-35Economic Limit Marker Section. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-36Economic Limit Legend Section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-36Other Legend Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-36

ii ARIES™ Software Advanced, Release 5000.1.13

Contents

Plotting Monthly Results from Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-38

Update tables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-38Run the Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-39MultiGraph . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-39Create a Data Stream . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-39Curve Definition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-42Adjust the Graph Scheme . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-45

Chapter Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-47

Chapter 4: Advanced Economics Topics . . . . . . . . . . . . . . . . . . . . . . . . . 4-1

Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-2

Economic Settings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-3

Scenarios Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-3Protected Scenarios. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-4Creating a Scenario . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-4Deleting a Scenario . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-5Editing a Scenario . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-6Copying a Scenario . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-7Input Settings Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-7Present Worth Settings Component . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-19Escalations Component. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-22Capital Recovery Component . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-25Corporate Tax Component . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-31Production Based Sliding Scale Royalties Example. . . . . . . . . . . . . . . . . . . . . . . . 4-33Common Lines Component . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-36Default Lines Component . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-37Variable Rates Component Dialog Box . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-38RMS Default Booking Categories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-39

Advanced Keywords and Functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-41

Economics and Excel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-41Using Load Lines to Overwrite a Forecast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-42Stream Arithmetic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-46

Batch Macros . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-51

ARIES™ Software Advanced, Release 5000.1.13 iii

Contents

Chapter Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-56

Chapter 5: ARIES Across the Modules. . . . . . . . . . . . . . . . . . . . . . . . . . . 5-1

Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-2

Exporting/Importing Economic Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-3

Exporting, Modifying, and Re-importing Economic Data . . . . . . . . . . . . . . . . . . . . 5-3

Incremental Economics for a Workover. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-11

Using Incremental Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-11

Running Incremental Reserves in ARIES, Using ARIES Modeler . . . . . . 5-18

Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-18Economic Expert Editor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-19Economic Results of the incremental cases and grand total run. . . . . . . . . . . . . . . 5-24

Property Replicator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-28

Show ID to Auto Number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-30Number of Properties to Create . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-30Shift First Well, Mos . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-31Drill and Complete Time, Mos . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-31Number of Rigs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-31Delay Production to End. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-31Basic Workflow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-32Tips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-32Examples. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-33

Chapter Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-36

Appendix A: Tables for Production Section . . . . . . . . . . . . . . . . . . . . . A-1

Appendix B: Units. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B-1

Appendix C: Description of 1500 Streams . . . . . . . . . . . . . . . . . . . . . . . C-1

iv ARIES™ Software Advanced, Release 5000.1.13

P

Preface

The ARIES program provides enormous flexibility and power in decline curve analysis and calculation of cash flows. In this class we will build upon the basic functions you learned in the ARIES Fundamentals class. We will expand on some of the topics taught in the Fundamentals class, as well as, discuss new topics. After taking this class you will be able to take advantage of the flexibility and power available in ARIES.

Overview

The following is a brief description of the course content. The topics are presented by Module, with a final chapter covering features that encompass two or more modules.

Chapter 1 – Database Stucture

• The ARIES database structure

• ODBC connections, revisited

Chapter 2 – Project Manager

• Using the Data Transporter to transport cases into an existing database and exploring the different options available.

• Revisit the power of the Global Editor

• Explore the functionality of the Master Table Drop Down Menus

Chapter 3 – MultiGraph

• Explore AutoCast feature of MultiGraph.

• Plotting Monthly and Daily data on the same graph.

• Plotting Economic Limits.

ARIES™ Software Advanced, Release 5000.1.13 P-1

Preface

• Plotting Monthly results from Economics.

Chapter 4 - Economics

• Examine Key Economic settings.

• Advanced Keywords and Functions.

• Risking

• Explore using data from Excel in the Economics section. For example, simulator data.

• Using the LOAD line to overwrite a forecast. For example, when the start date occurs prior to the last production. This Keyword allows the actual production to be substituted for the forecast.

• Explore Batch Macros and their power.

Chapter 5 – Across the Modules

• Exporting/Importing Economic Data from the Project Manager

• Incremental Economics for a Workover, using an econ group

• Running Incremental reserves in ARIES, using ARIES Modeler. An example of a 1P and 2P incremental is given.

• Using the Property Replicator to create and schedule a large drilling program.

P-2 ARIES™ Software Advanced, Release 5000.1.13

Chapter 1

Database Structure

The first discussion in this chapter covers the database options available with ARIES. Much of this discussion is theory, but we feel that this theory is helpful in gaining a complete understanding of the database structure.

Once we have covered database structure, we will discuss how to set up an ODBC connection to a database that was sent to you. In this case, Pandora is interested in selling some properties and has sent you a database containing all the properties for sale.

ARIES™ Software Advanced, Release 5000.1.13 1-1

Chapter 1: Database Structure

Overview

This chapter covers the following subjects:

• The ARIES database structure

• Setting up your ODBC connection

ARIES Database Structure

The traditional ARIES software data structure has three tiers: the Database (which is accessed as a data source), the DBS (database system), and the Project. With ARIES software, you can tailor the database system to meet your specific requirements.

In this section, we will discuss the database structure. First, however, we need to explain what an ODBC connection is and the elements involved in setting up this connection. Second we will discuss table sets and underlying tables in the ARIES database. Third, you will set up your own ODBC connections.

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ODBC Connections and Data Sources

ODBC stands for Open Database Connectivity. Open Database Connectivity enables you to use one of several relational databases for your ARIES database. ODBC also lets you use your own company databases for ARIES data.

When you set up an ODBC connection, you define three items: the drivers used to connect to your database, the path to your database(s) and the name of your database(s). You can think of your drivers as the translators between ARIES and your database. ARIES sends the data to a driver. The driver then translates the data into a form that can be read by Oracle, or SQL Server, or Access. If you were translating a book, you would probably have one translator for each language. Drivers are the same. You have one driver for Oracle, a different driver for SQL Server, and so on.

When you set up your ODBC connection you give the connection a name. This name is called a data source. Later in this chapter we will show you how to set up a data source.

When you open ARIES, you select the data source to use for a particular session. Your company can place all of its properties in one data source or into several data sources. We will discuss this in more detail later in the chapter.

An ARIES data source contains three types of tables: system tables, economic instruction tables, and data tables.

System tables are tables that ARIES uses for organizing data and running its program. Think of these tables as housekeeping tables. You should not enter these tables (through the database software) unless specifically told to do so by ARIES personnel. Some of these tables (such as the graphics instruction tables) are accessed in ARIES through dialog boxes. If a dialog box entry is available, enter data into these tables only through the dialog box interfaces.

Economic instruction tables contain instructions for economics. These tables are accessed through dialog boxes within the ARIES program. For example, you can design your own scenario. The data input in the scenario dialog boxes is stored in some of the economic instruction tables. Always use the dialog box interface for these tables. Do not enter data directly into these tables unless specifically told to do so by ARIES support personnel. Economic modeling scripts are also examples of economic instruction tables. These scripts are often used in incremental



economics. These scripts are widely used to model Production Sharing Contracts (PSC) clients have from different counties.

Data tables store the raw data used by ARIES. Your title information and production and test data are examples of this information. Some data tables store the results of ARIES calculations. Other programs can also use these tables. For example, your accounting department might be using the same production table that ARIES uses. Your company might enforce severe editing constraints on the data within some of these tables. You should access these tables only through ARIES. Within ARIES you can edit, import into, transport into, and manually enter data into the data tables. Only database administrators should enter these tables through the database program.

When you open ARIES you must select a data source to work with. This data source must contain the database that contains the system tables. The economic instruction and data tables can be located in the same database as the system tables or they can be stored in one or more other databases. How does ARIES do this? ARIES does this by using table sets.



Table Sets

A table set is a set of data and instruction tables. When you define a table set, you define the location of all the tables associated with that set, the table descriptions, and the table aliases. The system table that manages this is named ARSYSTBL.

The following display shows the ARSYSTBL for the Table_Set_Demo.mdb database. The table set for the class database is called CLASSIC. In this figure we modified the daily production items and added others to show a second tableset. The modified items are circled.

This table lists the Economic instruction tables and the data tables. One of the characteristics of these types of tables is that they all have an alias.

You can tell an Economic instruction table from a data table by the entry in the Parent column. The data tables have an M in this column while the economic instruction tables say NONE (except for the Master, AC_PROPERTY, which has NONE). The M in the Parent column is



the alias for the Master table. All the data tables refer to the Master table since the Master table is the only data table that contains the DBS name.

Notice that for the CLASSIC table set all the tables, except for the Daily Production table, are located in the same data source as the system tables. This is designated by the expression “ODBC;” in the ODBCSRC column. For our example, the Daily Production table is located in the DAILY_PROD data source. You must have an ODBC connection defined for this data source in order to connect to it.

At the bottom of the ARYSYTBL, we are beginning to define the NEWSET table set. In this example, we want to use the same Master table for both the ARIES and NEWSET table sets. The Master table is located in the same data source as the system tables. Therefore, the entry for both is ODBC.

The NEWSET Economic and Eco Case tables are located in the NEWFILE1 data source. The Daily Production table is connecting to a data source named NEWFILE2. Again, you must define ODBC connections before you can connect to these data sources.

As you can see, table sets give you a lot of flexibility. You can have multiple table sets in a data source. Some of the items we discussed include:

• One table can be used in more than one table set.

• One table set can have tables in multiple data sources.

Note

You cannot create your own economic instruction tables. The only tables that can be used for economic instructions are those shown in the dialog box above. You can give these tables different names, but you cannot change the alias of the instruction tables.



So what information is used on a data source vs. a table set level? The following chart lists all of the tables in ARIES and the level for each one. The type of table defines whether the data stored is used on a table set or data source level.

Table_Name Alias Type of DataData Source or Table Set Level

AC_DAILY DP Data Table Table set

AC_DETAIL DT Data Table Table set

AC_ECONOMIC EC Data Table Table set

AC_ECOSUM EZ Data Table Table set

AC_MONTHLY EM Data Table Table set

AC_NOTE NOTE Data Table Table set

AC_ONELINE OL Data Table Table set

AC_OWNER OW Data Table Table set

AC_PRODUCT MP Data Table Table set

AC_PROPERTY - (Parent) M Data Table Table set

AC_PZFCST PZ Data Table Table set

AC_RATIO RATIO Data Table Table set

AC_RESERVES RESV Data Table Table set

AC_SCENARIO SCENARIO Economic Instruction Table set

AC_SETUP SETUP Economic Instruction Table set

AC_SETUPDATA SETDATA Economic Instruction Table set

AC_TEST WT Data Table Table set

AC_WELL WD Data Table Table set

AR_GLOBALTEMPLATES Later Version of ARIES Data source

AR_SIDEFILE ESF Economic Instruction Table set

AR_USERTEMPLATES UTMPLT Later Version of ARIES Table set

ARCOMMENTS GRFCMT Data Table Table set

ARCURVE System (Graphic Instructions) Data source



ARENDDATE ENDDATE Economic Instruction Table set

ARFILTER System Data source

ARFILTERS System Data source

ARGRAPH System (Graphic Instructions) Data source

ARGRAPHCURVE System (Graphic Instructions) Data source

ARI_BULKDATA ARIBULK Data Table - Modeler Table set

ARI_SCRIPT Economic Instruction - Modeler Data source

ARI_SCRIPTHDR Economic Instruction - Modeler Data source

ARIESSCHEMAVERSION System Data source

ARLOCK System Data source

ARLOOKUP LOOKUP Economic Instruction Table set

ARPLOT System (Graphic Instructions) Data source

ARSTREAM System Data source

ARSYSCOL System Data source

ARSYSTBL System Data source

ARTREND System (Graphic Instructions) Data source

ARUNITS System Data source

ARUNITTYPES System Data source

BATCHMACROS BM Economic Instruction Table set

BKTITLES System Data source

DBSLIST System Data source

ECOPHASE EP Economic Instruction Table set

ECOSTRM ES Economic Instruction Table set

GROUPLIST System Data source

GROUPS System Data source

GROUPTABLE System Data source




GROUPTEST GPOOL System Table Set

PROJECT System Data source

PROJLIST System Data source

PZCALCINS System Data source

SELFILTERS System Data source

SORTFILTERS System Data source

SORTTITLE System Data source

SUMPROPS System Data source

TBLSETS System Data source

ECONOMIC MODELER RELATED TABLES

ARI_BULKDATA ARIBULK Data Table - Modeler Table set

ARI_SCRIPT Economic Instruction - Modeler Data source

ARI_SCRIPTHDR Economic Instruction - Modeler Data source

RMS RELATED TABLES

BKMEMO RMSBKMEMO Data Table Table set

CHANGE RMSCHANGE RMS Instruction Table set

DEFMEMO RMSDEFMEMO RMS Instruction Table set

NBKMEMO RMSNONBKMEMO Data Table Table set

PHASE RMSPHASE RMS Instruction Table set

RESCAT RMSRESCAT RMS Instruction Table set

RESERVE RMSRESERVES Data Table Table set

RMSDELTA RMSBKDELTA Data Table Table set

RMSH RMSEIAHEADER Data Table Table set

RMSPROD RMSBKPROD Data Table Table set




Now that you understand what a table set is, how do you define which table set a particular DBS uses? You define the appropriate table set when you create a new DBS.

Action

1. Open the ARIESClassadv_dropdown.accdb database by starting ARIES and selecting the ARIES Class Adv data source.

RMSREP RMSREPORT Data Table Table set

RMSRPT RMSRPT Data Table Table set

RMSSCEN RMSSCENARIO RMS Instruction Table set

RMSSEC RMSSECURITY RMS Instruction Table set

RPTHDR RMSRPTHDR RMS Instruction Table set




2. Click DBS > Setup. You do not need to open a project.

3. Click New. Enter Test as the DBS name, then press <Enter>. The table set is defined in the DBS properties dialog box.

4. Click Cancel, then close the DBS Setup dialog box by clicking the Close button (X). This will keep the DBS from being created. The DBS name and its associated table set are stored in the DBSLIST table.

There are a few rules that govern a DBS:

• When you enter a property into ARIES you are associating that property with one Master Table. The Master Table can be used by more than one table set. Therefore, the property can exist in more than one DBS. The remaining data, production, test, economics, etc. might be in two table sets and therefore not accessible to all users.



• The property cannot be used by another Master Table unless you reenter the data into the second Master Table.

• A DBS can be divided into smaller subdivisions called projects.

• More than one DBS can connect to the same table set.

What is the basis for selecting which wells belong in the same DBS?

A DBS should include all the properties that you will frequently total. While you can add summaries across more than one DBS, it is much easier to add them if they are in the same DBS. Other factors to consider are discussed in the How to Structure a Database topic.

Project

A project is a subdivision of a DBS. A project usually consists of the properties (wells, leases, etc.) that one person works with. For example, if Engineer 1 is responsible for Field A, he will make a project that contains only the wells in Field A. Engineer 2, who works with Field B, will make a project that contains only the wells in Field B. Tech 1, however, works for both engineers. He might set up a project that contains all the properties in both Field A and Field B.

The properties viewed by the tech are the same properties that each engineer views. If the tech changes an item in the Product table for a well, the appropriate engineer will see that change in his project since both are viewing the same data.



Data Source Types

One Data Source/One DBS Model

In the single data source method, all of the properties or wells are stored in one database and one DBS. The DBS shown here is subdivided into projects.



One Data Source/Multiple DBS Model

This model can be used if companies want to keep the data from two Divisions or areas separate but also want to use the same scenarios.

Are You Planning to Purchase Properties?

When properties are offered for sale, the sellers often send electronic files that contains the last reserve report on the properties. ARIES has a data transporter that enables you to transport (copy) properties into an ARIES data source. If you are selling properties you can easily transport the properties for sale into an Access database. The Access database can then be copied to a disk and sent to potential purchasers. Other uses for the data transporter are discussed in Chapter 2.

One of the advantages of using ARIES is that you can modify the data table structures to fit your company’s needs. Therefore, the database sent to you might not have the same database structure as your company’s database(s).

If only a few people will be evaluating the properties, you might want to leave the database in the existing Access database. If you are the successful bidder, you can then use the Data Transporter to move the data into your corporate database(s). With the transporter you can “map”



items in the Access database structure to the items names used in your tables. This process is discussed in Chapter 2.

If several individuals are evaluating the properties, you may want to move the database into a networkable relational database such as Oracle, SQL Anywhere, or SQL Server. If you do so, you can transport the “purchase” database into an existing data source or make a new data source. If you transport these properties into an existing data source, you can transport them into an existing DBS or into a new DBS (and Table Set). Using a different data source is preferred since ARIES does not easily move properties from one DBS to another within one data source if they have the same table set.



Creating Your ODBC Connection

Previously, the ODBC connection was described as a bridge which connects to your Oracle, SQL Server or Access database. This named connection stores the database name and location, and the type of ODBC driver to use. The ODBC driver is a translator; it is not a database. ARIES software communicates with all the databases in one format. The ODBC driver translates this information to a format acceptable to each database type. A different translator is used for each database type.

We will now set up a new data source for an acquisition with the code name Pandora. A database called Pandora.mdb has already been placed on your computer.



Action

1. Open ARIES and a Data Sources dialog menu opens.

Note

If ARIES is already running, close all projects then select from the dropdown Menu File > Connection > Connect



2. Click New. The ODBC Data Source Administrator dialog box displays.

3. Select Add. The Create New Data Sources dialog box opens.

Note

Another way to access this dialog box is to select Start > Control Panel > Administrative Tools > Data Sources > New.



4. Choose the appropriate Driver name. In our case, choose Microsoft Access Driver (*.accdb). The ODBC Microsoft Access Setup dialog window opens.

5. Enter information identifying your data source:

a. Enter the Data Source Name (identifying label).

b. A description, if desired.

c. Click Select and locate the database. Once located, click OK. The Select Database dialog box closes.



d. Click OK on the ODBC Microsoft Access Setup dialog menu.

Some of the available choices in the ODBC dialog boxes are discussed here. Depending on your Windows installation, the drivers listed will vary. Access your Windows help for more information about ODBC.



• User Data Source (Drivers) This area lists all the existing data sources. The ODBC driver used to create the data source is also displayed.

• System DSN (Drivers) This area lists all the existing Oracle or Sequel sources. The ODBC driver used to create the data source is also displayed.

• Add... Use this button to create a new ODBC connection.

• Configure... This button defines or edits the location of the database. For example you may change the name of the Data Source or the location of the database. You can also repair or compact an MS Access database. See action item below.

• Remove This button deletes the highlighted data source. This deletes only the data source, not the database itself.

Action

1. With the Data Sources dialog box open, click New.



2. Highlight the User Data Source name ARIES Class, then click Configure.



3. Click Repair. In the Repair Database dialog box you can choose any MS Access database to repair or compact. Click OK.

4. Keep clicking Cancel until you return to the Data Sources dialog box.

A Helpful Generic ODBC Connection

You do not have to create a separate ODBC connection for each Microsoft Access database. You can create a Generic ODBC connection instead. Then when you open ARIES software, you can select the Generic ODBC connection option (which we will create in a moment). When the list of available databases appears, simply select the one you want, and you are ready to go.



Action

To create a Generic ODBC, complete these steps:

1. With the Data Sources dialog box open, select New. The ODBC Data Source Administrator dialog box appears.

2. Select Add, then select Microsoft Access Driver (*.accdb).



3. Enter the information shown in the following image, and then click OK.

4. Click OK to close the dialog box.



5. When the Data Sources dialog box appears, select the data sources you just created: Generic Access ODBC Connection.

6. Select the desired .mdb file, and then click OK.

This action allows you to choose any MS Access database in the ARIES format. This is useful when you only need to look at it once or twice.



Chapter Summary

In the chapter we learned:

• The definitions for ODBC, data sources, table sets and DBS

• The different databases ARIES can use

• Different ways to set up your databases

• How to define a table set to use with a DBS

• How to create ODBC connections


Chapter 2

Advanced Project Manager Topics

In this chapter we will discuss how to use some advanced Project Manager functions. We will show you how to transport data from another database into your ARIES database. Once all the properties are in the database, we will also show you some advanced subtotaling and totaling functions.

In ARIES you can organize properties using a grouping function. With this feature you can create an economic forecast based on the total production of all the properties.


Chapter 2: Advanced Project Manager Topics

Overview

This chapter covers the following topics:

• Transporting data into your database

• Global Editor

• Global Titles Property Tab

• Master table drop down

• Multiple System data transport

• Create Multi-Property Note



Data Transporter

The traditional ARIES software data structure has three tiers: the Database (which is accessed as a data source), the DBS (database system), and the Project. With ARIES software, you can tailor the database system to meet your specific requirements.

In this section, we will discuss the database structure. First, however, we need to explain what an ODBC connection is and the elements involved in setting up this connection. Second we will discuss Table Sets and underlying tables in the ARIES database. Third, you will set up your own ODBC connections.

The Data Transporter moves selected property data from one data source to another. The transporter can copy data to an existing data source or to a new data source. When moving to a new data source, ARIES creates an Access database and includes all of the data in that database.

When using the Data Transporter you can either transport all the properties in a project or only the highlighted properties. Once you have selected the properties to transport, you can then limit the data transported. You do not have to transport all the tables or all the data in each of the tables.

For our exercise, we will assume that we bought the properties in the Pandora Acquisition data source. We now need to move the data to our Corporate Database. While we were analyzing the properties in the acquisition, we noticed that the table structure for the Master and Production tables in the Pandora Acquisition differs from that in the Corporate data source. We will use the Filter option of the transporter to “map” the data in the mismatched table structures from one database to the other.

The Data Transporter function has a wizard that walks you through the transporting process. As we import the Pandora Acquisition data we will walk through the options available in the wizard. When transporting

Note

You CANNOT transport from one DBS to another if the DBSs are in the same table set. This violates key constraints and corrupts the database.



data you always start the transporter in the data source from which you are transporting.

Action

1. Launch ARIES, and then open the Pandora Acquisition Properties data source.

2. Open the Divest DBS.

3. Open the Divestiture Properties project.

4. Click File > Data Transporter > Entire Project.

Selecting the Target Data Source and DBS

On the first page of the Data Transporter wizard, you specify where you are transporting the data to. You can transfer to either a new data source or to an existing data source. If you create a new data source, ARIES automatically creates a new data source called Transported Properties and a new Access database called Tranport.mdb. The Access database will be created in your root directory (C:). If you elect to transport your



data to an existing data source you specify the data source and DBS to move the data to.

Action

1. Click the To Existing DBS option button. The Data Source button becomes active.

2. Click the Data Source button to display the Data Sources dialog box.

3. Select the Aries Class Adv from the list of Data Sources.

4. Click OK.

5. Click the DBS button and select the Aries Class Adv DBS. This is the only DBS in this database, but it still must be selected.

6. Click Next to go to the second page of the wizard.



Selecting and Mapping the Data to Transport

This dialog box is used to define four items:

• The tables to copy (you do not have to copy all of the tables).

• The items to copy (you do not have to copy all of the items in each table).

• The manner in which to map items from the existing data source to the new data source. You use the Filter option to perform this function.

• The amount of data to copy from each table (for example, you can elect to copy only the production data in 1998). This is called setting the criteria. Use the Criteria button to perform this function.

This dialog box displays the following information:

Source Table Name

Lists the tables you can copy from in the source data source.

Destination Table Name



Lists the tables in the target data source. If the same table name is found in both data sources, ARIES matches them for you. If the program cannot match table names, it lists the unmatched tables. If ARIES did not select the correct table to transport into, or if it cannot find a match, use the list box shown in the Destination Column to match the tables.

Same Structure

When this column is checked, the source and destination tables have identical structures. If the column is not checked, there are differences between the two structures. Use the Filter button to resolve the differences before transporting the data.

Copy Table

Select this check box to copy the Source Table into the Destination Table. The default is to copy all the tables.

Note that for transporting to a new database, the EcoSum table check box is unmarked by default, and for transporting to an existing database, both the EcoSum and Economics table check boxes are unmarked by default.

For the Pandora Acquisition, we will copy the seller’s economic lines. Notice in the above figure that the copy table box is not checked for the AC_ECNOMIC table.

Action

1. Highlight AC_ECONOMIC in the Source Column.

2. Left-click inside the Copy Table box.



Filter

If the table structures between the matched source and destination table do not match, use this option to map column title items from one table to another.

Criteria

Use the criteria function to limit the amount of data transferred from one source table to its appropriate target table. For example, you can transport only the monthly production data after 1990 instead of the entire production history.

Copy All

When checked, copies all matched data from all the tables in the Source Table to the Destination Table. If unchecked then only the tables with a check in the Copy Table column are copied.

Mapping Table Items

As discussed earlier, the database structures for the Purchase database and the Corporate database are different. The Master, Product, and Monthly tables are different. In the dialog box shown above these tables do not have check marks in the Same Structure column. Tables that have the check marks have structures that are exactly the same. For this class we will disregard the differences between the Monthly tables. In these tables we will allow ARIES to match as much data as possible but we will not try to map the differences. We will show you how to map one table structure to another using the Master and Product tables. The differences in the table structures for these two tables are defined in the table below.

Note

The Criteria selection is on a table basis. For example, do not use a Property table criteria to limit the transported data to only the Colorado wells. For the Property table, only the Colorado data will be transported. For the remaining tables all the data will be transported. select your properties in the Picklist, not in data transporter.



As the table shows, the Master table item for the Lease or Well Name is different in the two databases. To move the data from one item to the other we create a mapping. In our example, this tells ARIES to use the Well Name data from the Pandora Acquisition data source to fill in the Lease item in the Corporate database. In the Product table, we need to Match OIL_SALES in the Pandora database with OIL in the Corporate database. If you want to include a column from the source database that does not match an item in the destination database, you must modify the destination database to include the column. For example, the OIL_SALES item in the Pandora database cannot be transported until we modify the table structure of the AC_Product table in the Corporate database.

Table Pandora Acquisition Name Corporate Database Name

Master WELL_NAME LEASE

Master WELL_NO WELL_ID

Master FORMATION RESERVOIR

Product OIL_SALES OIL

Product DAYS_ON none



Action

1. Highlight the Master (AC_Property) table.

2. Click the Filter button to display the Data Transporter Filters dialog box.

At the top left of this dialog are the names of the source and target data tables. The other items in this dialog are:

Filters

If you will be importing data from the same company several times you may want to save the filter after defining it. If you will not be importing data from this type of structure again, you will probably not save the filter. If you have saved filters, use the list box to select the filter for this transport.

SaveAs

Once you have defined the filter, you can save it using the SaveAs button. After selecting the SaveAs button, you will be prompted for a filter name.

Delete

Use this button to delete the filter displayed in the Filters box.



Spreadsheet Section

Three items are defined in the spreadsheet section: the source column, destination column, and a copy check box. Notice that ARIES has matched all items that have the same name. Any items that do not match are listed at the bottom of the successfully matched items. The default is to copy each item from the source table to the destination table. Clear the box in the copy column if you do not want to transfer a particular table item.

3. Use the scroll bar to scroll to the bottom of the spreadsheet section.

Notice that ARIES was not able to match items in the Destination Column with items in the Source Column. Where the items do not match, the Source Column is left blank. Use the list box to match each item.

4. Click the list box in the Source Column that is next to the LEASE item in the Destination Column.

5. Select WELL_NAME.

Note

It is very important that you copy the DBSKEY and PROPNUM items from the source to the destination data sources.



6. Place a check mark in the Copy column on this row by clicking the box.

7. Click the list box in the Source Column that is next to the WELL_ID item in the Destination Column.

8. Select WELL_NO.


10. Click the list box in the Source Column that is next to the RESERVOIR item in the Destination Column.

11. Select FORMATION.


13. Notice that we elected not to match all the items that are available in the source database. We have now finished filtering our Master Table data.

14. Click OK to leave the Data Transporter Filters dialog box and return to the second page of the wizard. We now need to filter the Monthly Production table. The table name is AC_PRODUCT.



In the product table we need to match the OIL in the Destination column with OIL_SALES in the Source Column.

1. Match the OIL item in the Destination column with the OIL-SALES item in the Source column.

2. Place a check mark in the Copy check box on that row.

3. Click OK to return to the wizard.



Limiting the Data Moved

Now that we have finished filtering the data, we will use the criteria option to limit the amount of production data transported into the ARIES Class Adv DataSource. For this example, we will transport only the production data from January 1, 1990 to the present.

Action

1. Highlight the AC_Product table.

2. Click the Criteria Button.

3. Fill in the items as shown in the dialog box below.

4. When you have finished entering the data, click OK to close the dialog box. Now we have finished selecting the data to transport.



Action

1. Click Next to continue the Data Transport process.

Since we elected to copy the Economics data, a warning is shown.

2. Click OK.

Selecting the Merge Data Options

Often when you are transporting data you are transporting into an existing database. The existing database may already contain some of the properties. you must select whether to overwrite the existing data or leave the existing data intact. In the latter case, the new data may not be transported.

An example of where you would have the same wells is if you are transporting work performed at your house over the weekend into the company database. On Friday you would have transported your properties into an Access 97 database and copied the database onto a disk. You then load the data onto your home computer and work on the



properties at home. On Sunday night, you copy the Access 97 database with the changes back to a disk. On Monday, you move your new forecasts into the company database. In this instance, you may only copy the economic table information but you will want all your new information to overwrite the existing data in the company database.

You use this dialog box to define the merge options available with the transporter. If data is being copied to an existing database, Data Transporter detects if data in the destination database already exists. The following options are used to handle merging data.

Overwrite Destination Data Always

When selected, Data Transporter deletes the matching data in the destination database and replaces it with the data from the source database.

Keep Destination Data Always

When selected, Data Transporter ignores the matching data in the source database and keeps the data in the destination database.



Prompt

When selected, Data Transporter prompts you to choose either OverWrite Destination Data or Keep Destination Data whenever matching data is found.

Action

1. Select OverWrite Destination Data Always.

2. Click Finish.

When the transport has finished, a message notifies you if any errors occurred in the transport. If the transport contained no errors, the message confirms that the transport is completed.

3. Click OK to close the Transport Complete message box.

4. Click File, and then click Close to close the current project.

5. To open the Corporate Data Source, click File, Connection, then Connect again.



6. Choose ARIES Class Adv as the Data Source, then select the Landmark DBS.

7. Open the Divestiture Properties project. Click Rebuild.

Since the Show-Id’s have changed, ARIES will prompt you to Rebuild your Project.

8. Highlight the HOPEFUL RIVER 22-1 CASE, open the Master Table by clicking the Master Table icon.

9. On the drop-down menu click Window > Tile Vertical.



10. Click the drop-down of the RSV_CAT Master Table Item.

Notice that the Master Table has drop down items. In the next section we will update RSV_CAT to the standard for the ARIES Class ADV Data Source. Then we will discuss how the drop down menus function.

11. Rename your project Pandora Acquisition by highlighting the project name, then right-clicking to get the Project Properties window.



12. Right-click anywhere in the Project and select Build Property List > Select, Sort, Total (or use the hot key F4). Notice that two items are blank in the SST portion of the Query.



13. Fill out the dialog window as indicated, and then select OK.

14. Save the project. Using the Save As command will create a new project. Using the Save command will rename the project.



Global Editor

In the ARIES Fundamentals class, we explored the Global Property Editor. In this section we will use this editor to update items in the Master table. In the drop down feature of the Master table, the RSV_CAT values were PDP, PDNP, POSS, PROB, & PUD. Our new properties contain the values 1PDP and 4PUD. We need to change these to match the current standard. The Master table also contains an item called ACQUISITION, we will also update this with the value of “PANDORA”.

Action

1. Make sure the Pandora Acquisition is the only open project.

2. Select Tools > Global Property Editor to obtain the editor’s screen.



3. To update all marked properties in the project, set the following items, then click OK.

4. Verify that the number of records is what you expected, then select Yes to change all the marked properties, or No to return to the Global Property Editor.

5. Verify that the number of records is what you expected, then click Yes to change all the marked properties, or No to return to the Global Property Editor.



6. Set the following set of parameters to select only the properties with 1PDP in the RSV_CAT item of the Master table. Then set the parameters to choose the properties with 4PUD. Select Yes for each.



Global Titles Property Tab

For properties, economic report pages only display titles that come from the economic data title lines, if present. If none exist, the property ShowID is used.

In addition to populating the economic data lines individually, you can use the Global Titles Property Tab to enter a set of lines that you want to merge into the existing economics data titles for multiple properties at once.

For our Pandora Acquisition, the Economic Title lines do not correspond to our class database. So, we want to replace the title tiles for all the Pandora Acquisition properties.

The following Action item describes a general work flow to accomplish this task on our Pandora Acquisition project.



Action

1. Select (No. Scenario) from the Scenario drop-down list.

2. From the drop-down menus, select Definitions > Global Titles > Property tab. These lines represent the standard for our class database.

3. Close the dialog box.



4. From the drop-down menu, select Edit > Titles > Delete from Economics.

5. Select All titles, and then click OK.

6. Note the results in the dialog box and click OK.



7. From the drop-down menu, select Edit > Titles > Write to Economics.

8. Select Use blank qualifier.



9. From the drop-down menu, select Edit > Titles > View Current Property.

10. This screen displays the new lines in the current case. Click OK.

11. Close the project.



Master Table Drop Down Menus and Requested Items

Master Table Drop Down List

To improve corporate control of items in the Master table you can designate certain items as "corporate requested" and can have the editor check that they are present before exiting. The requested items appear in the normal "down" view of the Master table editor with asterisks in front of their names. By checking this boxes outlined below, users have the option update the requested items or ignore the request.

To simplify user entry and improve corporate control of items in the Master table, you can display and select designated text items from dropdown lists within the editor. These items will thus be correct and properly spelled. The basis for these lists is a new user-created table



connected through ARSYSTBL. Note that the drop-down list feature is separate from the requested item feature.

Action

1. Open the Master Table.

2. Right-click the master table to get the speed menu.



3. Select Properties from the drop-down.

4. The Table Properties box is displayed.



5. Select the Column Properties tab of the Table Properties.

6. Close The Table Properties editor.

Project Manager Table Editor

To simplify user entry and improve corporate control of items in the Master table you can select values for designated text items in the editor from drop-down lists. These text items will thus be correct and properly spelled. The basis for these lists is a new user-created table. The drop-down items appear in the normal “down” view of the Master table editor. To use drop-downs, click on the drop-down arrow on a row, highlight the desired value in the list by scrolling and clicking, or by typing one or more characters, then select it by clicking it or pressing Enter. If manual entry is enabled for this drop-down, you can also type in new text and select Enter. The Master table will be populated with this manual entry, but it will not be added to the item list table. The drop-downs do not appear in the abbreviated dialogs you fill out when you create new properties.



The steps involved in setting up drop-down lists are described below:

1. Create the Item List Table: This first step is done outside of ARIES. You create a table in the database and populate it with rows of values for your drop-down items. The name of this table is limited to 60 characters, for example, AR_ MASTER_LIST. It contains three columns, all of which are text, and all of which are keys:

• TABLE_ALIAS contains the alias of the table in which the drop-downs will appear. This is currently limited to “M” for the Master table. It is 8 characters in length.

• COL_NAME is the text type item name within the M table for which the value listed next is to be displayed in the drop-down. It is 30 characters in length. These entries determine which items you can specify as drop-downs.

• COL_VALUE contains the individual text values to be displayed in the drop-down. To avoid truncation it should be long enough to hold the longest item value you will use, with a maximum



length of 254. A simple example table is shown below. Your table could be quite long.

This table does not have an alias, is not tied to a particular DBS, and is not editable from within ARIES. It must exist in the database before the checkbox on the Properties tab (described below) can be enabled.

2. Specify Table and Enable Drop-downs: Enter the name of your item list table on the row in the middle of the Properties tab of the Master table properties dialog. Then enable the overall drop-down feature using the Enable editor dropdown lists check box. If you



deselect the box, the drop-down arrows will disappear, but the table name and item set ups will remain. Changes you make to these settings, or to the individual drop-down item setups, will not be displayed in the editor until you close and reopen the Master table. Enabling, setting up, and changing these features require the user to have update permissions for the ARSYSTBL and ARSYSCOL tables. Using the features does not.

3. Designate Drop-down Items: You designate which of the Master table items are to have drop-downs, and which type of drop-down, in the Create From column of the Column Properties tab within the Master Table Properties dialog box. For each of the items that are named in COL_NAME of your item list table, the Create From column options will include “Drop-down list” (select only) and “Drop-down manual” (select or manual entry). This column was formerly named Key Rule, and all the previous key rules and options (such as “System generated”) for the other items remain. These selections are written to ARSYSCOL, so you must have update rights to it.

4. Modifying the Drop-downs: When you want to provide a drop-down for a new Master table item, the first step is to add at least one new row to the list table with COL_NAME filled out on it. This is done outside of ARIES. Then go to the Column Properties tab and specify the drop-down type for that item. You can remove the drop-down for an item by replacing the Create From entry with a blank. When you want to change the values that drop down for a particular item, you can add, remove, or modify rows in the list table for the COL_VALUE’s of interest. This is done outside of ARIES. No setup changes are needed.

5. Data Transporter: You can create a copy of your drop-down item list table when transporting a database. A check box on the second screen of the Transporter Wizard enables this and provides the option for the copy to be empty or populated.

Multiple System Data Transports

To simplify transporting the same system data to multiple databases, you can retain the lists of all the items you select on all the detail tabs for reuse until you exit the transporter. To do this, mark the new check box labeled Retain all tab settings and remain in System Transporter at the bottom of the Connect and DBS tab.



Marking this option causes the transporter to remain open on the Connect and DBS tab after the current transport is complete and to retain the lists of selected items on all the other tabs. To transport again, specify another destination database and select OK. When the last transport is complete, select Exit to close the dialog and discard the settings.

Action

1. Open a single project.

2. Select File > Data Transporter > System Data.



3. Select the datasource and DBS names as shown.



4. Select the Scenario Data as shown below. Decide if you want to overwrite any scenarios with the same name.

5. Select OK. Notice that the System Data Transporter remained open.



6. Select Exit.

Create Multi-property Notes

To document significant events, such as an acquisition, you can create a Note and insert it into all the active properties in your Picklist at once. This is not a "common" Note that is shared by all properties. Instead it is populated to each of the properties as a regular Note that is viewed or modified using the regular Note features.

In case you already have any Notes on the specified date, you specify how to resolve the conflicts by selecting one of the radio buttons:

• Append - appends this text to the existing Note, truncating the new text as needed to fit the size limit.

• Skip - skips creating this new Note for the property with the conflict.

• Replace - replaces the entire existing Note for the property with the new text.

Action

1. Open the Pandora Acquisition project.

2. Select Tools > Create MultiProperty Note.



3. Set the Note Date to 11/15/2014.

4. Enter note as show below.

5. Click OK.



Chapter Summary

In this chapter we:

• Learned how to transport properties into an existing data source

— to select and map the data to be transported

— to limit the amount of data being transported

• Revisited the Global Property Editor

• Learned to rewrite the economic title lines

• Explored the master table drop down menus

• Learned to transport system data to multiple entities

• Learned to create a note for multiple properties


Chapter 3

Advanced MultiGraph Topics

In this chapter we will discuss how to use some advanced multigraph methods to provide efficient ways to help expedite forecasting and plotting or displaying of your data.

In ARIES there are many options you can create in MultiGraph, we will show you in this chapter how to generate existing forecasts easier, plot the economic limit for your properties, plot both monthly and daily data on the same graph, show economic the limit, and plot data from forecast tables.


Chapter 3: Advanced MultiGraph Topics

Overview

This chapter covers the following subjects:

• AutoCast - Fit and Forecast

• AutoCast - Updating Curves

• Daily Data Curve

• Plotting economic limit

• Graph Economic values from Monthly table



AutoCast

Overview

You use AutoCast to automatically create new forecasts for all the marked properties and some types of groups in your Picklist. With the Fit and Forecast option, you can do the following:

• Perform quick, initial curve fits and production forecasts for large numbers of properties, such as, for a first look at an acquisition. This is not intended for regular mainstream production and reserves work.

• Update your existing forecast curves by sliding down to a new starting date. This is a simple way to use your previous forecasts but with a new START date and qualifier.

Best Practices

• The Fit and Forecast feature is intended for first looks at new properties, such as an acquisition. It should not be used on your mainstream properties. If you do, be careful with the qualifier you specify, or backup your database first.

• Generally, you should use Fit and Forecast on all the phases and ratios at the same time, rather than doing them piecemeal.

• Use special qualifier names for storing the new forecasts, such as TEMP1, so you can easily find them later. This is especially important if you run the Fit and Forecast on your regular properties.

• Avoid using the same qualifier for GETs and PUTs for the Update Start option.

• The two fitting options use the un-culled data points between your range lines. You can set these culling options in the Global Forecast tab so that representative values are more likely to be used for fitting. Some approaches are:

Note

AutoCast is not a substitute for your forecasting judgment.



— Set the beginning range line to High Major plus x months to remove start up values

— Set the beginning range line to Last Actual less x months to use only the most recent x months of data

— Set IntelliFilter to be performed automatically

• You should generally save the run log to a file after the run. This lets you easily search the text for words in the message items, such as, for “major” phase fitting problems.

• As in all batch type operations, if you are using an Access database, consider its size (the Microsoft limit is 2 GB) before you begin AutoCast on a large number of properties. You may want to compact it first.

Fitting and Forecasting Using AutoCast

This feature of AutoCast allows you to automatically perform curve fits and create new forecasts for all the marked properties and some types of groups in your Picklist. It is primarily intended to perform quick and easy initial forecasts for large numbers of properties, such as, for a first look at an acquisition. As noted above, AutoCast is not a substitute for your forecasting judgment. The following action item will model an example of the Fit and Forecast feature of MultiGraph.

Action

1. Open the FIT & FORECAST project. All active items in your project will be processed.

2. Select the first case and open the Expert Editor in Economics.



3. Open MultiGraph and open the graph AUTO_FIT_RateTimeSemilog.



4. Double-click in the background of the graph and select the Global Forecast tab. You will see a typical setup for Fit and Forecast. The PUT qualifier is indicated, PUT ALL will update the cums line, and the IntelliFilter is automatically applied. Also, for the example, limits are placed for a constrained hyperbolic fit.

5. Close the scheme dialog box.

6. From the drop-down menu, select File > AutoCast.



7. In the AutoCast dialog box, fill out the items as indicated. In this example, we will Fit and Forecast using the AUTO_FIT_RateTimeSemilog graph.

8. Click OK. The following dialog box displays.



9. Click Yes to begin processing. The following log file displays.

10. Save the log file to the directory of your choice. You may open this with Notepad.



11. With the scenario AUTO_FIT select, open the RateTimeSemilog graph. Below are two results from the Fit and Forecast.



12. Return to the Project Manager and open the table Forecast.

13. Open the Economic Editor, set the view to View by Scenario with the scenario AUTO_FIT.



Updating Your Forecasts Using AutoCast

One of the efficient options in MultiGraph is AutoCast. If the historical production for a number of wells has not changed considerably since the last projection date, then this workflow will be a time saving option. Like the majority of other workflows in ARIES, it is project based so only the wells in the project will update and not the all the wells in the database.

For this exercise, we will be working with a project of Texas wells only. All these cases contain 2014Q3 in the production section of economics.

Action

1. Open the Texas Wells Project.

2. Open the Sort and Set Sub-Totals (SST) box.

You will see that this has all cases with a qualifier of Y2014Q3 in the production section and is sorted by FIELD, LEASE, and WELL_ID. In the database the Lease name and the well number are a separate items in the master table.

3. Close the SST box.



4. Use the drop-down File >Save As to save the file as 2015Q1_cases.

5. Select the first case and open the Expert Editor in Economics

.

6. From the drop-down menu choose View > View by Scenario and select the scenario 2015Q1.



The first qualifier found is 2014Q3 and that is the qualifier that will be used for this property through the AutoCast process. For each case, the qualifier used is based on the Scenario Hierarchy.

7. Close the Scenario Editor and Economic Editor.

8. Open MultiGraph open the graph AUTO_UPDATE_RateTimeSemilog.

Next make sure the correct scenario is selected, ARIES will look into the scenario and find the first qualifier that matches the qualifier in the production section of the case.

In this example 2015Q1 is the selected scenario. The first qualifier that is found is 2015Q1 and that is the qualifier that will be used through the AutoCast process.



Setting Up the Graph Scheme

The graph scheme entered above controls which curves' forecasts will be updated based on your entries on the Curves tab. If a curve does not exist in the list, as filtered for property type, its forecast will not be updated.

The Global Forecast tab contains the old qualifier and the new START date and qualifier.

Information on the Structure and Appearance tabs does not affect this process.



Storing Forecasts Section

• The new START date must be defined, either directly as a MM/YYYY date or indirectly through one of the other available options.

• PUT qualifier must be defined, either directly by name or indirectly through the current scenario. This entry should normally not be the same as the qualifier used for the Retrieving entry. Do not set it to PROMPT.

• The PUT ratio and PUT as remaining check boxes are ignored.

• The check box for “PUT All always updates CUMS line” is ignored.

• The drop down box for “PUT All when change property” setting is ignored.

• The drop down box for “PUT final TIME Ratio point at” setting is ignored.

Retrieving Forecasts Section

• The GET qualifier must be defined, either directly by name or indirectly through the current scenario. This entry should normally not be the same as the qualifier used for the Storing entry. Do not set it to PROMPT.

• The check box for “Automatically GETALL forecasts” is ignored.

Initialize Section

• The “Set Walk point” entry only matters if the Storing Forecasts, Set START Point value is entered above as “Walk point”, to reference this entry. Then the entry here will control the new Start for the update.

IntelliFilter Section

• This section is not used for Auto Cast. This feature removes unrepresentative historical data points to improve forecasting. We will discuss this section later in the chapter.



Other Required Setups

• Set the Graph Setup, Preferences item to use only the first qualifier on GET.

• Turn off the View, Multiple Properties option.

• Mark the check box for “VCR buttons skip summary nodes” on the Project Manager, Definitions, Preferences, System Settings dialog boxes.

• Select the scenario for AutoCast to use when updating forecasts.

To begin the process, close the Economics Editor and click File > AutoCast…



After you have selected AutoCast, you will see the window below where you will select Update Start for Auto Method and choose the graph template you are using to the right of Graph scheme basis, and then click OK.

The Update Process

Selecting OK on the AutoCast dialog starts the updating process, which follows the Picklist for marked properties and groups. A run window provides information on how the updates are progressing. This information is also written to the AutoCast.log run log file.

As the update for each property begins, the message “Updating Property [ShowID]” appears. AutoCast begins updating each curve displayed in the graph and provides specific exception messages, by

Note

To change any item in grey, select the Fit and Forecast option from the Auto Forecast drop-down list. Change the items you want. Then reselect Update Start.



curve name, if an unusual situation occurs, replacing any exiting lines. Only the curves used in the graph are replaced.

For producing wells the new START date specified is generally equal to or later than the one on the existing forecast. If it is, we update the forecast Qi, decline rate, and cums, and store them using the new qualifier.

If the new START date is earlier than the one for the existing forecast, we assume the well is not yet producing. In this situation we do not change its start date. We simply Put the forecast from MultiGraph using the new qualifier. The log message states “Non-producing [Curve name] forecast updated only for qualifier”. Note that this is the only AutoCast Update behavior that differs from what happens in the manual process. In the manual process if you Put to an earlier date, the old forecast is extrapolated backward to the new date, resulting in an earlier and generally larger well.

A similar situation can exist for a shut in well for which you have scheduled a workover in the future. To properly model this, enter a zero production row in the MP table, at least for the last month of shut in.

If the new START date is past the end of the existing major phase forecast, we assume the well is abandoned and do not create new forecast lines. The log message states “The Put date is past life of the forecast. No forecast Put for [Curve name]”

If there is no current forecast for the curve, the message states “No forecast Put for [Curve name]”. The same message appears if the curve is a non-phase, such as NET(GAS), which cannot be forecast.

If the existing forecast begins with LIST mode data, and the new date is on or after the date the formula method begins, we walk past the LIST data and update the formula lines. If the new date is in the middle of the LIST mode period, we cannot update the forecast, and produce a message “No forecast Put for [Curve name]”.

During the Puts, MultiGraph stores the forecast results to the end of the final month. So this automatic updating, as when you manually walk the old forecast yourself, can produce slightly higher recovery than shown in the Results Box, which might be based on a specified volume that is reached in the middle of the month.

The AutoCast Update feature honors complex START conditions including ENDDATE and DELAY. It resolves these parameters to



determine the proper date, then updates it and Puts it using the standard START MM/YYYY format.

Once the process is done, you can save or print the process from its log file by clicking on Save Log or Print Log button.

Below is the view of the expert economic editor after the AutoCast process is completed for the AXELROD 1 property.



Plotting Monthly and Daily Data on the Same Graph

Overview

Several companies currently convert their monthly data to a daily unit in ARIES MultiGraph, using either the calendar day or average day option. The question is then: can you show both the calculated daily data from a monthly value and display it with actual daily data on the same graph?

Building the Curves

Once you are in MultiGraph, select from the top menu Setup > Curve Definitions.

Action

1. In Project Manager, open only the project DAILY & MONTHLY.

2. Make the Lopeno #1 active.

3. Open MultiGraph.

4. Select from the top menu Setup > Curve Definitions.

5. Select the Gas Curve.



6. Copy and paste the Gas curve to another name, CalDay_Gas.

7. Open the CalDay_Gas curve by double clicking on the curve name.

8. Under the History tab you will need to change the Gas stream to calculate a daily volume.



9. Click on the button to the right of the stream GAS.

10. Highlight the cell where GAS is currently in the Curve Expression window and delete the name.



11. Then in the list below double click on CALDAY. Double click on the open bracket, double click on the word GAS, and then close bracket. Click OK.

Also check the units for the Y-axis label and make sure they sync with a daily value/result.

Connect Points – This might be a modification you make on the daily curves.

• No, means none of the data points will be connected, they will show up on the graph as data points only.

• Stair Step, will connect the points with straight lines, both vertical and horizontal to give a stair step look to the data points.



• Point to Point, will connect the data points with vertical, or angled lines only.



12. Click on the forecast tab and adjust the abandonment rate. The original number was tied to a monthly curve, for a daily curve you will need to drop the value/item number.

13. In the cell that shows the Formula for recalculating this forecast, when other forecasts change, you will need to update the formula in the cell to represent the new curves. If this change does not happen then the subordinate or independent phase will not appear on the graph during the process of building the forecast.



a. To change the contents of the cell, you can either type directly in the cell, or as in the History tab you can click on the to the right of the formula cell.

b. The easiest way is to make the change is to type in the cell.

14. Click OK.

Note

The names in the cell are the curve names, and the curve name must be entered exactly into the cell with the same name as it was created, upper and lower case sensitivity does make a difference.



You will need to follow the same procedure for the OIL, WATER, GOR, and YIELD, if needed and they are not already created.

15. Next create a new graph scheme named CalDay Rate Time Semilog.

16. Highlight the Rate Time Semilog graph scheme, press <Ctrl-C>, then <Ctrl-V> and type the name CalDay Rate Time Semilog in the highlighted cell.



17. Double click on the new graph scheme to open the template, then click on the curves tab. Change the existing Oil, Gas, Water, GOR, and Yield curves to the CalDay version of those same original curves, as shown below.

18. To add the daily table curve to the graph, click on the first drop down for row 6 and choose the Day_Gas (Daily table gas production) curve, the Y-Label column choose Right 2. The Position column is very important: this is where you sync the calculated monthly data with the daily table data. In this example the CalDay_Gas curve is set to Y-Label position of Left 2 for the two curves (other curve Day_Gas). To use the same Y axis scale you must set the Day_Gas curve to a position of Left 2. For the Prop Type Column you can choose All and then click OK.



Below is an example of calculated monthly production data and daily production data synced together.



Example of a completed graph:



Plotting Economic Limits

Two options let you draw the economic limit line and display selected reserve and forecast results on plots. The line and results are based on economic values from the Oneline table for the specified scenario. These options are available for individual plots, batch plots, and for plot previews. Additionally, the legend display has been streamlined to improve plot presentation.

These options are specified in the Plot Layout instructions and are available for all rate-time and rate-cum plots of individual properties as well as of production groups. No display is presented for the members contained within a group.

For summary groups the results are based on summing the Oneline table values for the members, unless you are plotting only the summary group node. In that case, the results are based on the summary node Oneline results.

For summary nodes, a reduced set of results appropriate to that level is shown.

Overview

The first plot option draws a vertical marker line and symbol at the life of the property, based on the economic results for a specified scenario. You define the appearance of this line and symbol, which are also displayed in the first section of the legend block.

The second option lets you define and include text labels and economic values under the line and symbols in the new economic legend block section. These items come from the Oneline table, based on scenario, and so must exist there and be included in the Output Streams list, prior to plotting.

The history and forecast lines and legend results for the curves are essentially unchanged. They correspond to whatever technical abandonment limit was set. The legend results for them reflect this technical life.

The legend results that are displayed for various types of curves and forecasts have been streamlined by eliminating rows that do not apply.



For example, even if you have selected the display option “Tech Forecasts + parameters” we remove extraneous items for:

• A dependent phase where its forecast is computed from another phase and a ratio - the decline parameters are removed.

• A phase without a forecast- all items except the reference date and the actual cumulative production are removed.

• A ratio curve without a forecast, such as WOR below - all items except the curve name and line and symbol are removed.

For ratio curves the items displayed now include Rbeg (the beginning ratio), Rend (the ending ratio), the correlation type, and the slope “m” of the ratio line. The ending point for the ratio, in years, is still displayed.

This is the plotting example we will now create.



Plot Layout Instructions

The Titles tab has not changed. The Legend tab is improved, and a new Economic Limit tab is added.



Legend Tab

The Legend tab has been streamlined and a new option added. The Display drop-down in the Legend section controls the information to be shown in the regular legend sections. The choices reflect levels of increasing detail to be displayed.

The drop-down options are:

• None - no curves type legend information is displayed. This replaces the former radio button. Selecting None grays out the remaining three items in this section. Selecting None also disables the EL Legend check box on the Economic Limit tab. Without the legend box there is no place to display the results.

• Curves only - this is a new, smaller information set that shows only the curve name, line, and symbol.

• Historical - adds the reference date and cumulative production items to the above.



• Technical forecasts - adds the qualifier and current technical forecast result items to the above.

• Tech forecasts + parameters - adds the forecast parameters to the above.

The History and Forecast Labels section has not changed.

Economic Limit Tab

This new tab controls the drawing of the vertical EL marker line and the inclusion of economic results in a new legend block section.



Economic Limit Marker Section

To draw a vertical line at the economic limit cutoff point mark the Draw Economic Limit line checkbox. The location of the line is based on the OL table “life” value (M4) for the current scenario. You specify its appearance using the following four values:

• Line type - select the line type from the drop down.

• Line weight - select or enter the line weight.

• Symbol on top - select a symbol to display.

• Color - select the color for the line and symbol.

These line appearance settings are also used for the line that follows the text label “Econ. Limit” at the top of the legend.

Economic Limit Legend Section

To include results in the economic limit legend section, mark the Include economic values section check box. You can enter or edit the values below even if this check box is unmarked. This check box is disabled if the drop-down option None is selected for Legend on the Legend tab.

The desired economic items results are defined on the rows in the grid. For each item you want, enter a text label in the first column, using up to four characters. We will append the equal sign to what you enter. In the second column specify the item name from the Oneline table to use. This can be either the normal column names like M6 and C370, or keyword text names you have aliased to these items in the Output Streams list. If a requested item is not present in Oneline, we display a blank.

Other Legend Changes

Several other legend items have been streamlined or added. For example, unneeded rows for phases that are calculated rather than forecast are removed. Ratios show beginning and ending ratio values, slope, and method rather than exponential or hyperbolic parameters.



Action

1. In Project Manager make the Half Pint 2 case active and select LVIEW as the current scenario.

2. In MultiGraph select File > Open > RateTimeSemiLog_EL.

3. Select Plot > Preview Display.



Plotting Monthly Results from Economics

At certain times in the reporting process users are asked to plot economic results. To see this type of a plot there a few steps of preparations that you need to follow. Below is an example process.

First capture the results in one of two economic output tables, either the detail or monthly table through the economics module.

To capture results into the detail or monthly table, open the economics module and choose setup and then click on run settings.

Update tables portion of the run settings window will provide the choices of tables to save results to.

Update tables

• Oneline – This table saves cumulative results and other economic indicators. These are single values normally tied to the life of a property in ARIES.



• Monthly – When checked ARIES will save month to month results of streams 345 thru 1100. The AC_MONTHLY table does not contain all the streams, so make sure the stream you want to plot is included in the table before you run the economics. The maximum number of columns/items allowed in the AC_MONTHLY table is 118, and it will store by scenario by month for up to 1200 months.

• Detail – ARIES stores time frame results (input settings, framework); streams 1101 thru 1500 are normally stored in this table. The detail table does not have a maximum number of columns and results are stored by scenario up to 128 time frames.

• Owner – ARIES stores working and net revenue interest results as well as any reversionary interest for the purpose of plotting the working or net interest data. ARIES normally plots or graphs the gross production for decline analysis.

Run the Economics

After you have saved your update tables choices, you will want run the current property or choose auto summary to run a pick list of properties. If you preview a property ARIES does not store any results to the output tables.

MultiGraph

In MultiGraph. you will need to set up the data streams and graph schemes to view the results from the economics.

Create a Data Stream

In this example we will create a stream that will plot the forecasted gas volumes.



Action

1. To create a data stream in MultiGraph, go to the top menu and click Setup > Data Streams.

2. Click New on the far right hand side of the window, and type FC_Gas for the data stream name.

3. From the drop-downs, select:

• Table alias – EM

• Stream column – S371

• Date column – OUTDATE Click OK.



Leave the Prior cumulative production cells empty, they do not have anything to do with the forecast.

4. Click OK.



Curve Definition

The next step is to make a curve for the new data stream. From the top menu click Setup > Curve Definitions. Click the new button (right hand side), and for the new curve name type FC_Gas. Press <Enter>.

For Data stream, click the drop-down and choose FC_Gas.

For the Y-axis label type FC Gas mcf/mo.



On the appearance side of the window choose the color red from the drop-down choices.

Click on the Forecast tab, then click on the drop-down for Econ. Keyword and select NONE.

The reason for choosing NONE in the Forecast tab is because the History tab has been set up as the forecasted results, so there would be no forecast to apply the data.



Click OK to save your changes.



Adjust the Graph Scheme

Open the Graph Schemes named Net Monthly Cashflow by clicking the top menu item Setup > Graph Schemes and then double-clicking Net Monthly Cashflow. Select the Curves tab on Row 4 and click on the drop-down to see the list of curve names; choose FC_Gas. Select Right 2 as the Y-axis label, Down 1 as the position, and All as the Prop Type. Click OK to save the changes.



Examples of this graph for HALF PINT 2, using two different scenarios. Notice the X axis reflects the actual economic life for the case.



Chapter Summary

In this chapter we learned:

• How to use the Auto Cast Feature.

• How to use both daily and monthly production data in a graph scheme.

• How to display the economic limit on a plot.

• How to plot monthly results from economics.


Chapter 4

Advanced Economics Topics

In this chapter we will discuss economic settings and several Advanced Economic features of ARIES.


Chapter 4: Advanced Economics Topics

Overview

This chapter covers the following subjects.:

• Economic Settings

• Scenarios

• Input Settings

• Advanced Keywords and Functions

• Economics and Excel

• LOAD Lines

• Stream Arithmetic

• Batch Macros



Economic Settings

Scenarios Overview

A Scenario contains the list of qualifiers that you want to use to filter the data lines in economic runs and to control forecasts in graphs and plots. It lets you quickly and easily select different combinations of data to use for various economic purposes. It also is the name stored as a label for the economic results.

At run time, data lines with the specified qualifiers, plus all unqualified data lines in the case are used for the calculations.

Simple Example

You could have made two production forecasts, one you named BEST and one you named LOWSIDE. You also could have two sets of price data called PRICE1 and PRICE2. Your other data lines do not include qualifiers. You can easily create several scenarios to produce four different runs that list these qualifiers in various combinations, such as a scenario named BEST1 that combines BEST for production and PRICE1for prices.

Qualifier Hierarchy

For more sophisticated workflows you can specify more than one qualifier for each data section in a scenario. This list is the “hierarchy”, which can contain up to 10 qualifiers. It is used most often for production forecasts.

At run time, ARIES searches each data section for each case to find the data lines having the highest matching qualifier from the hierarchy. If the first qualifier in the hierarchy is not present in a case, ARIES will look for the second qualifier, and so forth down the list.

Hierarchy Example

A typical workflow consists of forecasting production for all your properties, followed some time later by updating those properties that had changed significantly. You used qualifier YEAREND for the


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original production forecasts and UPDATE for the smaller set of updates, because you did not want to overwrite your original projection data.

To run updated economics you want to use the new production forecast for those properties that have one, and the original forecast for those that do not. You can use the hierarchy feature to do this easily, by creating a scenario that lists two qualifiers on the Production row: UPDATE followed by YEAREND.

You could also add a third qualifier to the list, LASTYEAR, to use older forecasts for those properties that do not have newer ones.

Protected Scenarios

To improve company control of global economic data for important runs, ARIES provides an option to protect Scenarios. Both the ARIES system owner and regular users can create and protect scenarios that everyone can use, but that only their owner or the ARIES system owner can change or delete.

Creating a Scenario

A Scenario contains the list of qualifier names that filter the economic data lines to be used in economic runs.

To create a new blank scenario:

1. On the Economics menu select Setup.

2. Select Scenarios… to open and highlight the scenarios branch of the selection tree.

3. Select New to open an entry field at the bottom of the tree, which will read “New Scenarios”.

4. Type a new name for the scenario into this field.

5. Press Enter to save the new scenario and open the editor.



To create a new scenario based on a copy of an existing one:

1. On the Economics menu select Setup.

2. Select Scenarios… to open and highlight the scenarios branch of the selection tree.

3. Highlight the scenario you want to copy.

4. Select Edit, Copy to copy the scenario to the clipboard.

5. Select Edit, Paste to paste the scenario into the Scenarios list. It will appear at the bottom of the tree with the name “Copy of xxxx”.

6. Overtype the name for the new scenario in this field.

7. Press Enter to save the new scenario and open the editor.

Scenarios can be protected to a user or the ARIES system owner.

Deleting a Scenario

To delete a scenario from the database:

1. On the Economics menu select Setup, Scenarios… to open and highlight the scenarios branch of the selection tree.

2. Highlight the Scenario(s) to be deleted (multiple selections permitted).

3. Select Delete.



4. Respond Yes to the confirmation message if the displayed scenarios are correct and No if they are not.

Protected scenarios show the owner in brackets following the name. They can be deleted only by their owner. The ARIES system owner can also delete a scenario protected to another user by first unprotecting it. The delete confirmation message will exclude the name(s) of any highlighted scenarios that are not deletable, and they will not be deleted.

A deleted scenario cannot be recovered.

Editing a Scenario

A Scenario contains the list of qualifier names that filter the economic data lines to be used in economic runs and for controlling forecasts in graphs and plots. At run time, data lines with the specified qualifiers, plus all unqualified data lines in the case are used for the calculations. It also is the name stored as a label for the results.

To edit a scenario you open the editor dialog by either:

1. From the Economics menu select Setup, Scenarios… to open the scenarios branch of the selection tree. Highlight the scenario wanted and select Open. You can also double click the scenario name.

2. From any module, click the Current Scenario Editor icon ( ) on the toolbar.

The editor contains rows corresponding to the economic data sections. In the first (Primary) column for each row you enter the qualifier name you want for use to filter the case data for that section. If you are not using qualifiers for a particular data section, you can leave that row blank.

The additional columns provide the option for you to use a hierarchy of qualifiers to define the case data filtering for some or all of the data sections. If the qualifier in the first column for a row is not present in a



case, ARIES will look for the qualifier in the second column. If the second column qualifier is also not present in the case, the program will look for the qualifier in the third column, and so forth. Thus the program uses the first qualifier OR the second qualifier OR the third qualifier.

The scenario hierarchy can accommodate up to 10 qualifier names for each data section. The first qualifier column is labeled Primary Qualifier. The remaining nine columns are labeled Alternate #1 through Alternate #9. As you scroll the columns right or left, the Primary Qualifier column remains visible. You can remove a qualifier from the middle of a row; the trailing qualifier names on the row will slide to the left when you leave the editor.

Copying a Scenario

To copy a scenario:

1. Select Setup, Scenarios to display the Scheme Tree dialog box.

2. Open the Scenario book by double clicking on the book or by highlighting Scenario then selecting Open.

3. Highlight the Scenario you want to copy.

4. Select Edit from the menu bar then select Copy.

5. Select Edit Paste. The copy of the Scenario will be titled Copy of: OldScenarioName.

6. Type in the new name and press enter. The new scenario will now be highlighted.

7. Select Open to edit the new scenario.

Input Settings Overview

An Input Setting defines global economic information that is required for an evaluation to run and that can simplify data entry in the individual cases It consists of a set of nine data components that define time periods, present worth values, taxes, and so forth. To each of these components is assigned a named parameter set which contains the data to be used for that component.



The current input setting name is displayed on the toolbar in Economics. To change the setting, type in the new name or select from the drop down. To access the setting values click the toolbar icon or use the menus to select Setup > Input Settings.

The nine input setting components are shown in the Component list of the Input Setting Editor:

You must assign a parameter set to at least the Framework and Present Worth components. While the others can be left unassigned (unmarked), you will generally also assign parameter sets to the Escalations, Capital Recovery, Corporate Tax, and the Default components. See the individual component Help topics for a comprehensive discussion.

This two-level arrangement provides great flexibility for mixing, matching, and reusing this data. For example you may have two pricing conditions, one for SEC runs and one for bank runs. You also have two different project reporting requirements, one for regular annual periods and one showing 12 monthly budget periods initially.



Rather than creating four separate sets of project data, you can combine these as follows. You can represent the pricing as two different escalations defined in separate parameter sets, or as two different escalation schemes within the same parameter set. You can represent the reporting needs in two different parameter sets. So there are four combinations of interest: Annual+Bank, Annual+SEC, Budget+Bank, and Budget+SEC which can be formed by mixing parameter sets.

The Input Settings feature an optional protection system where the ARIES system owner can protect both the individual parameter set values and the assignments of these parameter sets to one or more input settings. The system owner can create and protect input settings and parameter sets that everyone can use, but that only the ARIES system owner can change or delete. Protected input settings and parameter sets display the owner name in brackets. For details see the separate Protection for Input Settings discussion.

Editing the Framework defines the timing and intervals shown on the report page.

For example, ARIES can report cash flows using any combination of months. Three types of scheduling assistance are available: Simple, Assisted and Custom. The detail of each will be discussed after each of the items on the dialog screen has been discussed.

Base Date

The base date must be the earliest date referenced in an economic case. The following parameters describe the Base Date:

• Reference date when defining the report time frames

• Sets the earliest point of any economic evaluation

• Start dates may not precede the base date

• The month specifies the beginning of your fiscal tax year

• Only three things can be scheduled earlier than the base date

• Investments

• Escalation schemes

• List mode data



• If a Start Date is not defined within a case, the forecast will be scheduled from the Base Date.

• Two choices are available in this box. Use Effective Date (described below) or type in a date (MM/YYYY format).

Interim

The Interim is the time between the Base Date and the Effective Date. ARIES will complete this information in the Simple Mode. In Assisted and Custom mode the choices are:

Fill with Single Frame

The interim is defined as one time frame, which consists of the number of months between the Base Date and Effective Date.

Fill with Monthly Frames

The interim is defined by using one time frame for each month between the Base Date and the Effective Date.

Fill with Quarterly Frames

The interim is defined as the number of quarters between the Base Date and Effective Date.

None

Does not use an interim period since the Base Date and Effective Date are the same.

The most common settings are Fill with Single Frame or None.

Effective Date

This is the date when cash flows will begin. Type in a date (MM/YYYY format).



Initial period

Designates how the first time frame should be calculated. Six choices are available. The remaining time frames will be designated in the Time Frame box.

Fill calendar year, 1 frame

Fills the remaining calendar year with one time frame then uses yearly frames thereafter.

Fill calendar year, months

Fills the remaining calendar year with monthly time frames then uses yearly frames thereafter.

Fill calendar year, quarterly

Fills the remaining calendar year with quarterly time frames then uses yearly frames thereafter.

Use 12 monthly frames

The first 12 time frames are monthly. The remaining frames are 12 months each.

Use 4 quarterly frames

The first 4 time frames are 3 months each. The remaining frames are 12 months each.

Use one annual frame

The first time frame is 12 months. The remaining frames are 12 months each.

Maximum case life in years (Base)

This is the maximum number of years for the project. The years are calculated from the Base Date. The maximum number of years in ARIES is 100.



Time frames (click on Check Frames to see Time Frames designated)

The data in this item can be created using two methods. If you use the Simple or Assisted Modes, ARIES will create the line for you and will display the line when you click on the Check Frames button. When the Custom Mode is selected you define the report time frames by clicking in this box and typing the size of each time frame, in months, separated by commas. To simplify entry of repeated values, you can use the repeat method of 5*12, where 5 is the number of repeats and 12 is the number of months in each of these frames. The maximum number of time frames allowed in ARIES is 128. The minimum is one month.

Modes

Three modes are available to edit this dialog:

Simple Mode

You can enter only one item, the Effective Date. The simple mode assumes that the first time frame will fill in the remainder of the year and all subsequent time frames will be yearly. The Base Date will be the same as the Effective Date.

Assisted Mode

The first five items can be defined using a combination of manual input and selections from list boxes. The time frame sizes will be calculated for you.

Custom Mode

The Custom mode provides the greatest variability because you define the number of time frames and their sizes. Only three items can be edited in this mode: Base Date, Effective Date, and Time Frames.

Time Frames are an important feature of ARIES™ software economics that control some of the calculations as well as the display of evaluation results.

Calculations

ARIES computes all the before-income-tax cash flow results monthly, so they are independent of the length of the Time Frames. These results



are aggregated and printed on your economic output reports based on how you define your Time Frame periods.

After Tax and Present Worth

The time frame periods are used as your fiscal periods for income tax calculations, so your after-tax results depend on them. They are also the basis for the mid-period, end-period, and continuous discounting methods, so present worth values, including bonuses, can depend on the time frame lengths.

Maximum Life

Economic calculations will stop at the end of your last time frame, so if you only define a total of 20 years, that becomes the maximum life, regardless of the production forecasts.

Summaries

Economic summaries, or rollups, are calculated using the aggregated time frame values. ARIES features that rely on summaries, such as basket payouts and lives, Economic Group results, and saved summary files also depend on time frame sizes.

Display

Output reports print results based on time frames. Annual time frames produce reports that show results year by year. To produce a monthly budget report for next year, you define the first twelve time frames as individual months.

The number of time frames you define does not control the maximum number of output rows on your report. This was defined when the report was compiled. So even if you have 100 years of time frames (and production) the rows on the output report might be limited to 20. Typically, reports then sub-total these values for the next row, aggregate the remaining values for the next row, and finally provide a total for the final row.

Defining Time Frames

Each Time Frame consists of one or more months. They are defined in the Framework Component of your Input Settings. The dialog wizard



provides three modes that give you different levels of data entry: Simple, Assisted, and Custom.

For simple annual runs where everything begins at time zero, you can use the default date settings and annual time frames provided by the Simple mode.

For more control, for example when you delay production, you can use the Assisted mode so ARIES defines your time frames based on what you want to do.

For complete control, you can use the Custom mode in which you specify the length of every time frame explicitly, by entering individual values (for example, 3,3,3,3,12,12…) or “sets” of values using the “repeater” feature (for example, 4*3,70*12). These values can be separated by commas or by spaces.

The number before the asterisk is the number of frames being defined in the set. The number following the asterisk is the length in months of each of those frames. For example, the set 6*2 means six frames each two months long. Reversing the values, as 2*6, means two frames each six months long. If the leading value is 1, it, and the asterisk, can be omitted.

Time frames must be consistent with the Base Date and Effective Date as specified in the Framework Component. This means that if these dates are different, you must define your time frames such that the time interval between these dates is an integer number of time frames.

The Base Date is the absolute beginning of anything involving the evaluation. Nothing can be scheduled prior to this date. It is usually set to the beginning of a year.

The Effective Date is the beginning of what will be presented in the evaluation output. Anything scheduled prior to this date will be calculated, but then only used to update your beginning balances on this date, such as for cumulative production, payout status, or income tax items.

Typically, most of your time frames will be annual, perhaps with some initial time frames that are various numbers of months or quarters. You can define up to 128 time frames, subject to the maximum economic life of (normally) 100 years from your Base Date. While unusual, you can reduce this maximum life on the Framework Component dialog.



Example 1 – Simple Time Zero

In this simple example you will start everything at time zero (Base Date = Effective Date = 01/2015) and want your report to show annual values for a maximum of 100 years.

On the Framework Component dialog select the Simple mode radio button at the bottom and enter 01/2015 in the only available cell (the Effective Date). This automatically sets the Base Date to the same value, and produces a string of values in the time frame cell:

,12,99*12

In this automated Simple mode, the values always have a leading comma, and there is a single entry for the first time frame; this helps the wizard work easily for all the modes. The first value is 12, indicating that the first time frame is 12 months long. The next value is 99*12, which is a time frame “set” that uses a “repeater” function to indicate that the next 99 time frames will be 12 months long.

This “repeater” feature eliminates the need of entering 12,12,12,12,12,12,12,… . You will use these time frame definition sets often to simplify your entries.

You could achieve the same evaluation results by choosing Assisted mode, accepting all the defaults and entering Effective Date as 01/2015. The wizard time frame values are the same here as for the Simple mode.



You could achieve the same evaluation results by choosing Custom mode, entering the Base Date and Effective Date individually as 01/2015, and entering 100*12 for the time frames.

Example 2 – Mid Year Delay

You want the Base Date to be 01/2015, but will actually begin the evaluation on the Effective Date of 07/2015. You have a six month interim, or “dead,” period before your case actually starts. You want the report output to be based on calendar years, so your first reporting period will be the six months following the dead period.

You cannot use the Simple mode here. You can use the Assisted mode by:

• Entering the Base Date as 01/2015

• Selecting the Interim option as “Fill with single frame”

• Entering the Effective Date as 07/2015

• Selecting the Initial period option as “Fill calendar year, 1 frame”

• Clicking on Check Frames results in 6,6,99*12

You see your six month interim period, your six month initial period, then 99 annual periods.



You can get the same results using the Custom mode by:

• Entering the Base Date as 01/2015

• Entering the Effective Date as 07/2015

• Entering the 6,6,99*12 into the Time frames cell

Example 3 – Monthly and Quarterly Budgets

You want to use your ARIES evaluation cases to build operating budget reports for the next two years, the first year by months, the following year by quarters, then annually.

You will use the Custom mode to define these time frames. Set both the Base Date and the Effective Date to 01/2015. In the Time frames cell enter: 12*1,4*3,98*12

This provides 12 monthly frames, 4 quarterly frames, then 98 annual frames. You cannot request more than 98 annual frames here because the total length of all the frames (=1+1+98) cannot exceed 100 years. You could specify fewer annual frames to cut off anything that occurred, for example, beyond 50 years by entering the final set as 48*12.



Example 4 – Complex Frames

You want an initial “dead” year to accommodate various beginning balance needs, then you want monthly details for five years, followed by lots of annual values. You also want your evaluations to be able to run to the maximum of 100 years if needed.

You will use the Custom mode to define the time frames. Set the Base Date to 01/2014, the Effective Date to 01/2015. Enter the following into the Time frames cell: 12,60*1,50*12,528

The first value results in one annual time frame for the “dead” period. The next set results in 60 monthly time frames for your detailed budget. The next set provides 50 annual frames. The final value results in a single time frame, or “lump” that is 528 months long.

These last two entries are calculated based on the overall limit of 128 time frames and the maximum life of 100 years (1200 months).

• Number of time frames = 1+60+50+1 = 112, so you are fine on this limit.

• Life = 12+60+600+528 = 1200 months, which is exactly the limit.

There are more time frames available, so you can gain some additional precision in the later life by splitting the lump above into smaller lumps. Remember that the after-tax results and some of the PW results depend on time frame lengths, so these smaller lumps can increase precision.



For example: 12,60*1,50*12,8*60,48

These last two entries provide you eight 5-year periods followed by a 4 year period at the end. Many other combinations are possible.

Present Worth Settings Component

The Present Worth Settings define the discount method, the present worth date, a primary discount rate and the present worth profile discount percentages.

In ARIES, you can define a primary discount rate and a present worth profile consisting of up to 15 discount rates that can be stored and



reported. The left figure demonstrates a typical 10% primary rate and default percents. The right figure demonstrates a primary rate of 12% and a manually entered set of percents. Each of the items on the Present Worth screen is described below.

Discount to Date

Sets the date to begin discounting cash flows. There are two choices. Select either Use effective date, which uses the effective date defined in the Framework component, or type in a month and year, format MM/YYYY.

Primary Rate, %

Type in the primary discount rate as a percent; on most report styles the primary discount rate is displayed in a column.

Discount Method

Four different methods for discounting cash flows (not including investments) are available: Monthly (MO), End, Mid time frame (MID) and continuous. Each is discussed below.

Monthly

Each month's cash flow is discounted from the middle of the month.

End of Period

Discounts the cash flow at the end of each time frame. Time frame sizes are defined in the Framework Component.

Mid Period

Discounts the cash flow at the middle of each time frame. Time frame sizes are defined in the Framework Component.



Continuous

Cash flow is discounted continuously throughout each time frame.

Percents

Fifteen discount rates can be calculated to generate the Present Worth Table and the Rate of Return. The default rates are 0, 5, 10, 15, 20, 25, 30, 35, 40, 50, 60, 70, 80, 90, 100. If you wish to define your own discount rates, type in all fifteen items in ascending order. All fifteen items must be completed. The last value in the Percents box defines the maximum Rate of Return that will be calculated. If you wish to return to the standard ARIES defaults, click on the Use Defaults button.

Use Defaults button

If you have changed the percents in the list to the right, you can change the values back to the ARIES default rates of 0, 5, 10, 15, 20, 25, 30, 35, 40, 50, 60, 70, 80, 90, and 100 by clicking this command button.

Note

Investments are always discounted from the beginning of the month in which they are made.



Escalations Component

The Escalations component enables you to define several price, expense, and investment escalation scenarios.

Ten different escalation schemes can be defined within one parameter. You may have different escalations for oil, gas, operating costs, capital costs. etc. Two types of escalations are available: using rates (%) or using dollar amounts (additions or subtractions). In addition, you can define when the escalations should begin, the frequency (monthly, yearly, etc.) and if the escalation should occur at the beginning or end of the defined frequency.

Seven columns are displayed on the Edit Escalation Schemes screen. Each are discussed below.

Scheme Name

Each escalation scheme name must be unique. Use any alphanumeric name up to eight characters.

Date

Type in date to start the escalation, format MM/YYYY.

The next four columns can be easily scheduled by using the Escalation Wizard. The Escalation Wizard eliminates manual entry of items for these columns. To use the wizard, press the Esc Wizard button.



How to Apply Listed Escalation Values (S/I/C)

Select one of the items below to determine when to start using the escalation scheme.

Start First Escalation on SCHEME Date

Escalations will start at the date specified in the escalation spreadsheet.

Ignore Escalations until CASE Start Date

Escalations will not begin until the Start Date defined in each case. It will pick up the escalation factors in midstream.

Shift First Listed Value to CASE Start Date

Shifts the values from the Escalation Start Date to the Start Date defined in each case.

Escalate at (Beg,End)

Select one of the following:

Beg. of Period

Escalate at the beginning of the time frame.

End of Period

Escalate at the end of the time frame.

Escalation Period (Month, Annual)

Select one of the following:

Monthly

Escalates every month. The annual discounting rate is factored so approximately 1/12 of the annual escalation is applied every month.


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Annual

Escalates once a year, this escalation occurs once every year.

Method

Select either a percentage compounded or annual added rate.

Percent Compounded (Annual Percents)

Rate of increase in percent, this will be an annual rate regardless of the escalation period (monthly or yearly).

Annual Added (Annual Monetary Amounts)

Increase or decrease in dollar amounts.

List Esc. Value for Each PERIOD; Repeater '*' Allowed

These are a list of rates (%) or values ($), preceded by the number of months or years for that value. For example if the periods were annual, 1*5 3*4 96*0, would indicate one year at 5% escalation, then three years at 4%, then 0% for the remaining life.

Once the schemes have been defined and the parameter and component selected for the Input Settings the escalation schemes are available for use.

To use these escalations in Expert Editor, type in the word ESC in the Escalation Method column and the Escalation name in the Escalation Value column. If you are using the Case Editor select escalate from scheme in the method list box. You will then be prompted for an escalation method.

Note

Once the wizard items are defined, save the wizard screen and return to the Edit Escalation Screen for the final entry.



Capital Recovery Component

The capital recovery screen both defines the names that can be used in a case to schedule investments and controls various aspects of federal income tax treatment for them. This includes depreciation, depletion, credits, and other items. The income tax rate(s) are entered in the Corporate Tax component.

The values for this parameter set can be protected by the ARIES system owner using the check box at the top of the dialog. This prevents other users from modifying or deleting them.

Investment Name

This column contains up to 20 “investment names” that you want to be able to use in your evaluations for tracking different categories of capital and/or specifying different tax treatments for them.

The first row must contain the standard investment name CAPITAL, followed by the parameters you want to use for it. If you do not care about tracking by type or income taxes, this is the only investment name



you need. The names on the remaining rows can be whatever makes sense to you, although for Canadian taxes some special names (CEE, CDE, COGPE) should be used. These names can be up to eight characters long.

Depreciation Method

This column defines the depreciation method to use for any tangible capital that is entered for the associated investment name. While many methods are available, the standard U.S. method for oil and gas is a form of the Modified Accelerated Cost Recovery System, or MACRS. This will be covered first, followed by the other methods which are used for specialized situations.

Accelerated Cost Recovery

The original ACR method and set of annual factors were used for investments made before 1987. This became ACR2 in 1987 when the sets of annual depreciation factors were changed. These factors are based on declining balance depreciation initially, switching to straight line depreciation when it becomes larger. The factors have remained unchanged for each of the guideline lives. However, different amounts of first year bonus depreciation have been instituted at various times for investments made in various date windows. The entries are:

• ACR – 1981 – 1986. Original annual factors – now obsolete.

• ACR2 – 1986 – onward. Modified annual factors, used outside the date windows below.

• ACR3 – 9/11/2001 (uses 9/2001) through 12/31/2004. 30% first year bonus

• ACR4 – 5/6/2003 (use 5/2003) through 12/31/2004, and then also from 1/1/2008 through 12/31/2009, and then also from 1/1/2012 through 12/31/2012. 50% bonus

• ACR5 – Use to include the additional 100 percent first year write-off for investments placed in service from 9/2010 through 12/2011. Investments made outside this date range will be treated as ACR4.

• ACR6 – Use to include the additional 50 percent first year write-off that was extended for investments placed in service during 2013 by the Tax Relief Act of 2012. Investments made outside this date range will be treated as ACR5.



Straight Line (SL)

Depreciation based on number of years entered later for guideline life.

Units of Production (UOP)

Depreciation based on current and total major phase production volumes.

Declining Balance (DB)

Depreciation based on a specified fraction to be written off each year, or over a specified number of years. If years is entered below, this method calculates the fractions based on single declining balance.

Multiple Declining Balance (MDB)

Depreciation based on fraction to be written off each year. You calculate and enter this fraction below based on the “multiple” applied to this declining balance.

Sum of Year’s Digits (SYD)

Depreciation based on number of years entered.

Barrels of Oil Equivalent (BOE)

Depreciation based on combined oil and gas, using the BOE factor.

Declining Balance and Straight Line (OPT)

Write off rate is the greater of the calculated values from DB and SL. The life of the case is used to calculate SL.

Double Declining Balance and Sum of Year’s Digits (OPT2)

Write off rate is the greater of the calculated values from MDB and SYD. The life of the case is used to calculate the SYD factor.



Double Declining Balance and Sum of Year’s Digits to Specified Life (OPTY)

Write off rate is the greater of the calculated values from MDB and SYD. Specify the desired declining balance factor and the desired number of years for SYD.

Manual Depreciation (MANL)

Based on user defined depreciation parameters, for complex situations. To use MANL the beginning date for the Variable Rate stream used to specify the write offs but equal the BASE data of the evaluation. These write off fractions must be entered as per month values, in sets that correspond to the time frame sizes in the Framework component.

Start Code

Enter the date at which to start depreciating the investment. The three choices are:

• 0 – the date when investment is made in case

• X – the point when production begins (START date in case)

• MM/YYYY – the absolute date

Note that the ACRn methods always provide an initial half year of depreciation regardless of the month of the investment.

Depreciation Factor

Enter either the depreciation factor directly, such as .20, or more typically, the numbers of depreciation years to be used to calculate the factor, such as 5. This factor is used differently by the various depreciation methods, but is generally the guideline life of the investment type.

For the ACR methods, the typical depreciation life is 7 years, but 5, 10, 15, and 20 are also available.

1st Period Min %

Old tax code, rarely used. This is the minimum first period depreciation percent.



Residual Depreciation %

Rarely used. Percentage of the original investment amount to not depreciate. This leaves a residual, such as for booked salvage, that can be written off as a lump sum at the case life or ignored.

% Intangible to Capitalize

Some intangible investments for some companies cannot be 100 percent expensed immediately. All or a portion must be capitalized, and recovered through cost depletion instead. Enter the percent, from 0 to 100, of the investment that must be capitalized.

The cost depletion for the capitalized portion is based on Units of Production for either the major phase only, or both the oil and gas phases. To use the combined oil and gas streams, enter the BOE factor in the Cost Depln. Intang. % (column 6) of the Corporate Tax component used.

An entry of 0 means to expense all the intangible investment.

% Inv Credit

Enter the percentage income tax credit available for this tangible investment. Typically zero.

IDC Depreciation Name

Enter the name of the investment that will define the depreciation method used to depreciate the remaining intangible cost. The only time an entry will appear and be used is when a negative value for % Intangible to Capitalize is entered. For example, if the % Intangible to Capitalize is entered as –85 and the investment name INVEST is entered under IDC Depreciation Name, then 85% of the intangible cost will be depreciated using the method that INVEST has defined and the remaining 15% will be expensed.

AMT Depreciation Method

Rarely used. Enter the Alternative Minimum Tax depreciation method to depreciate tangible costs. AMT is invoked on the TAXP Miscellaneous line.



AMT Depreciation Factor

Rarely used. The factor entered is a function of the depreciation method.

Book Intangible to Exp. %

Rarely used. Enter the percentage of the intangible investment to be expensed on a book (financial) economics evaluation. Book economics is invoked on the BOOK Miscellaneous line.

Investment Multiplier

Used for ARIES Modeler Economics. Enter the factor (greater than 1.0) to generate the uplifted investment amount.

% Cost Recovery

Used for ARIES Modeler Economics. Enter the percentage of the investment to be included in the cost recovery calculations.

% Cost Carried Forward

Used for ARIES Modeler Economics. Enter the percentage of the costs to be carried forward each period.



Corporate Tax Component

Defines the Corporate tax scenario for After Federal Income Tax economics.

Tax Plan Name

Enter a name for each individual tax plan defined. The tax plan name has a maximum of four characters. ARIES uses the US schedule unless the following line is entered into the Miscellaneous Section of a case: TAXP "NAME".

Federal Tax Rate

Enter either a constant rate as a decimal factor (e.g. 0.34 = 34%) or define a changing percentage stream in the Variable Streams component. If a variable stream is selected, type in the stream number (i.e. S/1- S/10).

Percent Depletion Net, Fraction

If you qualify for percentage depletion, enter the percentage of the Net Revenue that will be used to set the maximum percent depletion that the



Percent Depletion Gross, Fraction calculates. The typical entry is zero, as only small producers qualify.

Percent Depletion Gross, Fraction

If you qualify for percentage depletion, then enter the fraction of the Gross Revenue that will be applied as a depletion write-off. The amount calculated cannot exceed the net fraction of your Net Revenue.

Zero

Enter Zero

Cost Depletion Intangible %

Default is to deplete only on the major phase (on Depreciation panel, % of Intangible to Capitalize is 100). To use Barrel of Oil Equivalents (BOE), enter the conversion rate under Cost Depletion Intang %, e.g., 6 means 6 MCF is equal to 1 barrel of oil.

Tax O.H. % W/Month

Defines the percentage of overhead to use in the taxable income calculation. The amount calculated reduces the taxable income to accommodate overhead. The calculation only affects taxable cash flow.

Capital Intangible Drilling Costs Code

Intangible drilling costs (IDC) are handled differently depending upon whether your company is an independent producer or a major. Both methods are discussed below.

Independent Producers

Independent producers can expense all intangible drilling costs when they are made. To do this, use an investment name in your case that matches an Investment Recovery line in the Capital Recovery component that has a zero entry in the percent of intangibles to capitalize column.



Major Companies

Since 1986, major companies (integrated producers) can expense only 70% of the IDC. The remaining 30% is recovered through a special form of depreciation. To indicate that this major company treatment is needed, enter the percent to be capitalized as a negative number (i.e. –30) in the slot on the Investment Recovery line.

Choosing a Depreciation Method

The entry for the current data slot is a code number, indicating which Investment Recovery line in the Capital Recovery component contains the proper depreciation method. This code can be any whole number from 1 to 20, indicating which line from the Capital Recovery component to use for the depreciation data.

ITC Basis Reduction

Currently, no investment tax credit is given for tangible investments, so you need this entry only to go back and re-evaluate old cases. Under certain conditions, you "gave back" part of the ITC claimed as a reduction in the depreciable basis of the tangible investment in question. Enter here the percentage reduction required. This entry only takes effect if the ITC rate is entered as a negative value on the Investment Recovery line.

Production Based Sliding Scale Royalties Example

Here is a production based example of Sliding Scale Royalties using the production data from a hypothetical well.

Thus, if production is 9000 bopd, the royalties would be paid out according to the following scheme:

Production Royalty

Less Than 2000 bopd 5%

2000-5000 bopd 6.25%

5000-10000 bopd 10%

10000-20000 bopd 12.5%

More than 20000 bopd 15%



For the first 2000 barrels, the royalty is 5%.

For the next 3000 barrels (barrels 2000 to 5000), the royalty is 6.25%.

For the final 4000 barrels (barrels 5000-9000), the royalty is 10%.

In the Expert Editor, under Ownership, you would enter the following lines:

LSE/WI 50 %

ROY/OIL 5 15 % TO LIFE VAR FEDO

Under Setup, choose Input Settings. Click on the data for which you wish to schedule sliding scale royalties, and then select SS Royalty from the Input Settings editor. Now enter the following information:

FEDO 370 58

A 0 60800 152000 304000 608000



B 0 3040 8740 23940 61940

R 5 6.25 10 12.5 15

These lines supply ARIES with the following information:

Line 1 (FEDO)- The first number on this line is the gross stream number, which for oil is 370. The second number is simply the well count for the property. In this hypothetical case, you are stating that there are 58 oil wells.

Line 2 (A)- This line lists the lower boundaries of each range in barrels per month. Thus for the first range of 2000 bopd or less, the least amount of oil that can be produced in a day is zero barrels, and 0 * 30.4 = 0. For the second range of 2000-5000 bopd, the least amount of oil that can be produced in a day is 2000 barrels, and 2000 * 30.4 = 60800.

Line 4 (R)- This information is needed to calculate Line 3. Line 4 simply lists the Royalty percentage to be used for each range: 5%, 6.23%, and so on.

Line 3 (B))- This Line is the calculated "base royalty". You must calculate this data outside of ARIES, and enter the correct figures. The base royalty is calculated as follows:

The first number is 0

The second number is calculated with the equation: .05 (60800 - 0) + 0 = 3040

The third number is calculated: .0625 (152000 - 60800) + 3040 = 8740

The fourth number is calculated: .1 (304000 -152000) + 8740 = 23940

The fifth number is calculated: .125 (608000 – 304000) + 23940 = 6194

Note

ARIES uses 30.4 as an approximate average of the number of days in a month, per year.



Common Lines Component

The Common Lines component allows global values to be defined for most types of data based on economic keywords. A common line will be used in a case IF the case does not already contain that keyword.

The common data component input screen is divided into the same sections as the case editor, except that Investments are not included. Several default lines can be entered in each section (e.g. PRI/GAS, PRI/OIL). Each keyword should be entered only once and no continuation lines should be used. The common lines are used in all cases unless the same keyword has been input into the case. Common lines appear in blue in individual cases and are displayed at the end of each data section.

Common Lines are most often used for the economic cutoff and price sensitivities (adding or subtracting a dollar amount or multiplying by a percentage).

If a blue line is edited anywhere along the line, the entire line immediately becomes black and is listed in the case.

Notes:

Common lines (except for the Miscellaneous section) must contain eight items ("words"), therefore, no Shortcut Data Lines (i.e. NET, LSE, OWN, START, FILE lines) can be used.

No qualifiers can be used on these lines.



Default Lines Component

This component allows default parameters to be defined.

The screen is displayed using the same seven sections as the Case Editor. Several items can be defined in each section using the same keywords used in the Case Editor (e.g. PRI/GAS, PRI/OIL). This component is used to fill in missing data at the end of a line within a case. For example, if all the cases will have a maximum oil price of $35 with a yearly escalation of 5 percent, you can define the following line in the Default Editor:

PRI/OIL X 85.00 $/B TO LIFE PC/Y 5

Then in each case you will type in the keyword and the initial price. An example is:

PRI/OIL 58.50

The two items will appear in the expert editor in black. The remaining words on the line will be completed from the default lines and will appear in red. If the entire line has been entered in the Expert Editor, no information from the Default lines will be used.

To change the escalation for all the wells, all you do is change the PC/Y 5 to another escalation parameter, for example, PC 3. This will change



the escalation from a yearly escalation of 5 percent to monthly escalations with a 3 percentage annual rate.

All lines defined in the Default lines must be eight "words" in length, therefore, no shortcut lines can be defined.

Variable Rates Component Dialog Box

The Variable Rates component enables you to define special purpose input streams that have values changing over time, such as tax rates, loan interest rates, and so forth.

These streams are used by the Capital Recovery and Corporate Tax components of your input settings.

To define a variable rate stream, all three columns in this dialog box must be completed.

Stream #

Thirty streams are available. Type in a number between 1 and 30.

Stream Start Date

Type in date to start the variable stream (MM/ YYYY format). Prior to this date, the values are assumed to be zero.

Monthly List of Values

Type in the decimal fractions to be used and the number of months they will be used. For example,

12*.34 24*.4 1164*.45

Note:

No Shortcut Data Lines (no NET, LSE, OWN, START, FILE lines) can be used.



This means that a tax rate of .34 would be used for the first 12 months after the stream start date listed in the previous column, .40 for the next 24 months then .45 for the Specified number of months.

The maximum life of ARIES calculations is 100 years = 1200 months, so a simple way to finish the list is to use 1200 for the number of months. Actually, in this example the final value will only be used for:

1200 - 12 - 24 = 1164 months

However, if the last time entry does not cover the evaluation life of any of your economic cases, the rates will be zero beyond the end of your list.

RMS Default Booking Categories

The Scenario Map Dialog Box is used to correlate your scenario name with your reserve categories.

There are two methods in RMS that you can use for defining your reserve categories. You can either:

• Use the same scenario for all reserve categories and define your reserve category in the Master table OR

• Assign a different scenario for each reserve category.

If you define your reserve categories in the Master Table, you will enter the Master Table item used for the definitions in the Default Res Cat: item. Use the format @ItemName, e.g.@RESCAT.

If you are defining your reserve categories with scenario names, you use both the Default Res Cat: and the spreadsheet area. In the Default Res Cat enter a default reserve category to use for all scenarios unless otherwise specified in the spreadsheet area. In the spreadsheet area, all the scenarios present in the data source are listed. Most of the scenarios will not be matched to a Res Cat because they are scenarios that are not being used for booking. For the scenarios you are using for booking, select the Res Cat associated with the scenario.



More information can be found concerning this topic by going to Help > Index > RMS.



Advanced Keywords and Functions

Economics and Excel

Yep, you read that correctly. ARIES software can read data from an Excel spreadsheet. After defining where the .xls file is located, ARIES software needs a little more explanation to get this process to function.

Action

1. Add the following line in the Miscellaneous section:

FILEXL EXAMPLE.XLS SHEET1

The first word is the keyword, the second entry is the full name of the spreadsheet, and the last entry is the name of the worksheet.

2. Add the following lines to the Production section:

LOADXL C3:C38 OIL B3 #

LOADXL D3:D38 GAS B3 #

• The LOADXL column keyword is used to access a range of values within the spreadsheet.

• The Data Cell Range column allows you to define the cells to be pulled into Economics. You cannot use named ranges.

• The Keyword is the ARIES software keyword the data represents, such as GAS.



• The Date or Cell Item allows you to either enter a date or choose a cell in which the data is stored. Notice B3 in the figure above and 01/2016 circled in the figure below.

• The Rate Units include #, M#, #/Y, and M#/Y.

• The Scale Factor or X item lets you define a multiplier for the data. Entering an X or leaving this area blank will result in the data not being multiplied.

• The same functionality applies to the worksheet of X and workbook of X items. Do not use X as an actual worksheet name.

• You can either enter a worksheet or workbook name, leave these areas blank, or enter an X to leave them inactive, instructing ARIES software to reference the values entered on the preceding FILEXL line.

Once the location of the data in the spreadsheet is defined, simply run economics as normal.

Using Load Lines to Overwrite a Forecast

Often, when calculating economics, you want to replace forecasted values with data stored in data tables. To perform this function, you enter LOAD lines in the Overlay section of the Expert Editor.

For this example, we will assume that we finished our annual report in January 2014. It is now July and the company CEO wants to compare the forecasted cash flow (which uses forecasted production volumes) with a cash flow obtained from actual production volumes. We have actual production for January through June. We will enter a load line into the Overlay section of the Expert Editor that instructs ARIES



software to replace the forecasted production volumes with the January - June actual production volumes. After June, ARIES will revert back to the previously forecasted values.

To make the example easy to follow, the oil forecast is 10,000 BOPM for 6 months then 9,000 for 6 additional months. The actual production is 20,000 BOPM for January through May. The forecasted values will be entered in the production section. Since we want the actual production to overlay the forecasted values, the load line will be entered into the Overlay section. After the example, lines, the forecasted monthly values with and without load lines will be displayed.

Production Section

Overlay Section

Items to Note

• The continuation line contains the term 6 IMO. This means the production forecast occurs over the six months following the previous line.

• A Start Date was not used for the Load lines.

KeywordInitial Rate

Ending Rate

Rate Units

Forecast Limit Value

Forecast Limit Method

Forecast Method

Forecast Method Value

START 1/2014

OIL 10000 10000 B/M 6 MO FLAT X

“ 20000 20000 B/M 6 IMO FLAT X

Keyword

Source Table alias.item Name

Target Input Data Keyword

Beg. Date MM/YYYY

End Date MM/YYYY

Number Sign

#

LOAD MP.OIL OIL 1/2014 06/2014 #



Production Comparison

The following shows the forecasted values with and without the LOAD line applied:

Case Example: Puck 1:

The monthly results table for the PUCK 1 property contains the results for two economic runs. The results for the scenario LOAD_LINE_NONE ran without a LOAD line, while the scenario LOAD_line ran with the LOAD line.

Action

1. In Project Manager, close any open projects, open the ALLWELLS project, and select the PUCK 1 property.

2. Use the hot key, CRTL + T, to open the Eco Monthly table, and then the Prod Monthly table.

3. For each table, select View > Calc to activate the Calc Feature.

Date Without Load Line With Load Line

1/2014 10000 20000

2/2014 10000 20000

3/2014 10000 20000

4/2014 10000 20000

5/2014 10000 20000

6/2014 10000 10000

7/2014 9000 9000

8/2014 9000 9000

9/2014 9000 9000

10/2014 9000 9000

11/2014 9000 9000



4. For the dates 01/31/2015 through 06/30/2015, select items in any column for the Prod Monthly table. Notice the gas total.

5. For the LOAD_line scenario, then the LOAD_LINE_NONE scenario, select items from 01/31/2015 through 06/30/2015. Notice the S371 (Gross Gas) totals. During the selected months:

• The well produced 3470.00 Mcf

• For the scenario LOAD_line, the economic run results projected 3470.00 Mcf

Note

Stream S371 in the Eco Monthly table contains the results for Gross Gas.



• For the scenario LOAD_LINE_NONE, the economic run results projected 6000.00 Mcf

6. Close all tables.

Stream Arithmetic

Each item calculated or used for calculations in ARIES Economics is assigned a Stream number. For example, the Gross Oil Stream number is 370, Gross Gas is 371, Net Oil is 815 and Net Gas is 816. The Stream numbers and their descriptions are listed in a document that is loaded during the ARIES installation called S1500.doc. It is in the C:\Landmark\Aries\Help directory.

Stream Arithmetic is used to define specialized calculations that are not performed automatically.

There are four Arithmetic as well as two comparison procedures. For example, it is possible to enter constants in Streams, add Streams together, subtract one from another, and multiply or divide two Streams. Additionally, one can compare the values in two Streams and use the minimum or maximum value and subject the results to upper or lower limits.



Format

Stream Arithmetic is scheduled using a formula. For example, we are performing a sensitivity and want to add $20.00 to the price of OIL.

Sample Line:

S/195 – is the Answer Stream. This is the Stream where the results of the calculation will be stored. [If more than one scheduling line is used, enter the ditto (“) mark on continuation lines.]

20.00 – is the first Source Stream. This can be either a numerical constant (positive or negative) or a Stream number, as in this example. This entry is used in the calculations to arrive at the Answer.

X – is the upper or lower limits to the Stream Arithmetic. If this entry is positive, it will be used as an upper limit; if negative, its absolute value will be used as a lower limit. The units of this limit are entered in the next space. If no limit is wanted, use an X.

FRAC – is the units of the prior entry, for example B/M or $/M. If the prior entry is X, indicating that no limit is needed, any unit code can be entered here.

TO LIFE – is the duration of calculation. This entry indicates how long the calculations on this line are to continue. 150 MB or 2.25 YRS, etc. could also be used.

PLUS – is the type of calculation. PLUS will add the first and second Source Streams. [These calculations are performed monthly on the first and second Source Stream to produce the Answer Stream.]

MINUS – subtracts the second from the first Source Stream.

MUL – multiplies the first and second Source Streams.

DIV – divides first Source Stream by second Source Stream.



MAX – compares first and second Source Streams and places the larger value into the Answer Stream.

MIN – compares first and second Source Streams and places the smaller value into the Answer Stream.

195 – is the second Source Stream. Enter only the Stream number; in later versions of ARIES, you can include the S/. [This entry may not be a numeric constant, but it can be the same Stream number as the Answer Stream. The example above will add the value 20 to Stream 195, the price of oil Stream.]

Details, Limitations and Hints

• As mentioned above, Stream Arithmetic calculations are performed monthly. Therefore, only monthly Streams should be used in the calculations.

• Stream Arithmetic lines can be placed in the section to which they apply (Prices, Expenses, Overlay section of Expert Editor, etc.). They can also be used in outside files (FILE keyword), SIDEFILE, or LOOKUP files.

• Stream Arithmetic should be applied to GROSS Streams whenever possible, to avoid later problems. If Stream Arithmetic alters an appraised (or net) Stream, that alteration will not be reflected back through the calculations to the working interest or gross values.

• When selecting a User Defined Stream or “container” Stream to hold temporary numbers, be certain to select one the occurs in the same section of Stream numbers (Monthly Rate Streams, Monthly Streams – Gross Values, etc.). ARIES calculates Streams in numerical order, so if the chosen Stream number is very far away from the Stream being modified, there is the risk the calculation will not take place.

• Stream Arithmetic in the Overlay section will cause ARIES to return and recalculate the Stream Arithmetic items.

• Sequence of calculations:



a. The Stream Arithmetic procedure is performed on the Source Streams.

b. This result is tested against the prescribed upper or lower limit, and reduced or increased accordingly.

c. The appropriate Answer is placed into the Answer Stream. [Insure that all necessary prior calculations for the Source Streams have been completed before their use is requested on a Stream Arithmetic line. This usually means that the Stream numbers of the first and second Source Streams cannot be larger than the number of the Answer Stream.]

Examples

Escalate LIST values:

If a series of oil prices is input in the pricing section using LIST mode, these prices can be escalated by a factor using Stream Arithmetic. If the factor is a constant, simply multiply the gross number by that factor. This example multiplies the values in the PRI/OIL Stream by 1.5 and puts that Answer back into the PRI/OIL Stream:

But sometimes the factor changes over time. The next example sets up an escalation factor of 4% in a work Stream until 1/2020 and then 3% for the remaining life. This work Stream is then multiplied by the PRI/OIL Stream:

The last line instructs that the listed oil prices be multiplied, month by month, by the escalation factors in the work Stream. The results are placed back into the oil price Stream S/195. All ofthese lines can be located in the prices section of the case.



Overlays

The Overlay section of the economics case can be used for Stream Arithmetic.

• It allows a User to selectively override the normal program calculated values and insert historical data.

• It permits using Stream Arithmetic calculations on Streams that cannot be multiplied in the normal data sections of the evaluation case. This also allows the User to alter the timing of the Stream Arithmetic.

How the Overlay Technique works:

Overlay calculations occur “after the fact.” That is, the full monthly calculations for the evaluation case are completed first. Then the overlay lines are read and the values scheduled in those lines are “overlaid” onto the appropriate Stream values.

The monthly calculations are then repeated for all Stream groups beneath the groups affected by the overlay. Thus, nearly two complete sets of monthly calculations are performed. The monthly values are gathered into output time frames and the results reported.

Not all Streams can be overlaid. The after-tax Streams cannot be overlaid because they are not monthly Streams. The “total” Streams cannot be overlaid because that would make it easy to produce inconsistent reports, where items did not add up as they should.

Both the formula and the LIST methods can be used to schedule overlays. The LIST method is preferred for inserting actual values, because each value is known. Stream Arithmetic scheduling is always done with formula lines.

To update an evaluation that has followed the original forecast closely with three months of actual values, use several LIST lines in the Overlay section of the case data:

OIL 7/2014 990 876 955 # GAS 7/2014 0 1120 956 # OPC/T 7/2014 2510 1535 950 #



Batch Macros

Batch macros calculate reserves and economics for several different project and scenario combinations. Each project and scenario combination can use different input settings, output report styles, and weighting factors. In addition, you can select which output tables to populate for each project and you can select the Trace mode to use for each project.

When you have projects that are adding SuperSums, you can schedule the originating projects first then place the summary projects after them. Using this process, you can have ARIES software calculate all your totals immediately after calculating the original summaries.

In this exercise, we will create a new batch macro.



Action

1. Go to Economics.

2. Select File > Open > Batch Macro > CLASS.

The Batch Macro screen is a spreadsheet with each row representing a different project and scenario combination. Before running batch macros, the appropriate items must be completed on each row. Not all items are necessary. The following columns are available.

Project Name

Defines the project used for the economic calculations. Enter the project name or select a name from the drop-down menu. Several projects may be defined in the batch macro by simply entering a different project name on each row.

Scenario Name

Defines the scenario used for the economic calculations. Enter the scenario name or select a name from the drop-down menu. Several scenarios may be defined by simply entering a different scenario name on each row.



Input Setting

Defines the input settings used for the economic calculations. Enter the input setting or select a name from the drop-down menu. Several input settings may be defined by simply entering a different input setting on each row.

Report Style/Browse Style

Defines the report style used for the economic calculations. Enter the report style or select the Browse Style option to select the report style. Several report styles may be defined by simply entering a different report style on each row.

Output To/ Browse Output

Defines the output filename to store the economic calculations. Enter the output filename or select the Browse Output option to select the output filename. Several output files may be defined by simply entering a different output filename on each row.

Data Page

When selected, the data input page which includes a list of the economic input parameters will be printed.

Report Page

When selected, the individual economic calculation reports and the summary calculations will be printed.

Weight

Defines the weighting factor (or multiplier) applied to the economic run. Enter the desired weighting factor.

Note

If an existing output file is selected, the new economic calculations will be appended to the bottom of the output file. Previously existing information will not be overwritten. To delete an existing output file, select File > Delete > Output file.



Oneline

When selected, the Oneline table will be updated.

Monthly

Defines the number of months to update the Monthly table. Enter the number of months to update or leave blank to avoid updating the Monthly table.

Detail

Defines the number of time frames to update the Detail table. Enter the number of time frames or leave blank to avoid updating the Detail table.

Owner

When selected, the Owner table will be updated.

Store Entity

When selected, the summary information for each property is stored in the EcoSums table.

Store Summary

When selected, the summary information for each summary node is stored in the EcoSums table.

Trace

Defines the trace used for a view of more detailed calculations. The available trace options are Gas Deliverability, Depreciation, Depletion, and Loan.

Set Monthly Trace

When selected, gives you the ability to trace economic streams on a monthly basis. Enter the start of the trace in the First Month field, the

Note

Time frames are defined in Input Settings, Framework component.



end of the trace in the Last Month field, and the streams to be traced in the Stream field.

Note

To run the batch macro, either click the Run button while editing the batch macro or select File > Open > Batch Macro.



Chapter Summary

In this chapter we:

• Learned additional features of input settings and scenarios

• Examined how to use Excel data, such as simulator data, in the production section

• Learned how to use load lines to overwrite a projection

• Explored stream arithmetic

• Learned how to use batch macros to run a number of projects sequentially


Chapter 5

ARIES Across the Modules

In this chapter we will discuss how to use some features of ARIES. We will also look at an Economic Modeling script.


Chapter 5: ARIES Across the Modules

Overview

This chapter covers the following subjects.

• Exporting/Importing economic data

• Incremental Economics for a workover

• Economic Modeling

• Property Replicator



Exporting/Importing Economic Data

Exporting, Modifying, and Re-importing Economic Data

Sometime is it handy to be able to duplicate rows in Economics, make a change to those rows, and then append the rows back into Economics. This is especially useful when you want a copy rows designated by the scenario’s hierarchy and want to have a different qualifier. For example, assume we have a database that we want to evaluate sensitivity on capital. The existing Investment section lines in the Economic table are qualified based on the scenario UPSIDE, which uses the qualifier UPSIDE then DEFAULT. Since we don't want to change these lines, we would like to duplicate them and assign a new qualifier SENS_01. We can then modify the new lines as desired without impacting our original data. There is no function within the Global Editor to duplicate lines, but we can use the Export / Import routine to accomplish this.

Note

This function is performed in Project Manager.



Action

1. Open the project containing the list of wells you wish to export.

2. Select File > Export > Economic Case Data.

3. Specify the path and file name of the text file to be created.

4. Select an item from the Master table to be included in the file.

This item will be used to match records during the import procedure. It does not have to be the same field name (PROPNUM) in the database to be imported into, but the value in the field must match.

For example, you might export using a field called Well ID and import into a database where the same information is called UniqueID. As long as the data in UniqueID is the same as the data in Well_ID, ARIES software will find the matching record and import the data.



5. Identify the section in the Economic table where the information is to be exported from and whether or not you want to export unqualified lines.

In this example only qualified lines will be exported.

Scenario - In this example we are using a scenario called Y2014YE. Exporting works the same way as running economics in that it uses hierarchal qualifiers contained in the scenario to determine which lines to export. The first qualifier found in Investment section as specified by the scenario named Default will be the lines exported. Be sure the scenario you have specified contains appropriate qualifiers, so your exported data will be what you expect.

6. Click Export. The lines specified are written to the text file.

7. Click OK and Exit to close Exporter.

You now have a text file that can be imported into an ARIES software database. Since our unique identifier is PROPNUM, these



begin in the first column. All PROPNUMS are displayed, along with any INVESTMENT lines.

Since we want to import the lines back into the same database we exported from, we will change the qualifiers in the text file we created.

8. Open a text editor and replace the original qualifiers with the new qualifier. It is very important that the editor used is capable of reading and displaying lines longer than 100 characters without wrapping the text to the next line.

After changing the qualifiers, save the file as Invest_In.txt. We are now ready to import the data back into our original database.



9. Open the database you wish to import into and select File > Import > Economic Data.

It does not matter if the project you select contains all the wells you will be importing into or not. ARIES software will search the entire database looking for a match and bring the data in.



10. Identify the path and filename of the text file containing the import data.

11. Specify a field in the Master table to match on.

In this example since we are importing back into the same database we will again use the PROPNUM.

12. Select the Merge option.

This will delete any existing lines in the Investment section that have the same qualifier as the lines being imported, and then add the new lines. This is important if there is a possibility that lines already exist in the database with the new qualifier; SENS_01 in this case.

For example, if there are five lines with the qualifier already in the database, but only three in the text file to be imported, all five lines



would be deleted and the three new lines added. This ensures there are no extraneous qualified lines in the database after importing.

If you are certain the new qualifier does NOT exist, select the Append option. ARIES will add the new lines to the Investment section, regardless of any existing lines.

13. Click Import.

ARIES software imports the data. If no match is found a message will be displayed for those records.

14. Click OK and Exit to close the Importer.

15. Make the AXELROD 2 ACTIVE and look at the Investments section of the expert editor in Economics.



As shown in the previous image, the Investments section now contains duplicated lines. One set of lines is qualified DEFAULT and the second set is qualified SENS_01. Selection of the appropriate lines can be controlled by the scenario selected.

If we want to modify the lines qualified SENS_01, we can use the global editor. For example, we want to modify all lines with the keyword CAPITAL and qualifier SENS_01. To select only these lines, we enter in the Search For column the Category Name, CAPITAL, and the Qualifier, SENS_01, In the Replace with Column, we enter our sensitivity updates. In this example, we are increasing the Tangible amount by 20% and decreasing the Intangible amount by 15%.

We only fill out the items we want to change. Also, before using Replace All, you need to ensure the calculations are what you expect. If not, click Cancel.



Incremental Economics for a Workover

Using Incremental Economics

There are several ways to calculate incremental economics. The first way is to enable multiple scenarios. To model this feature, we need to use a single property and schedule a workover in it. We have the original forecast, called BASE. and the workover forecast, called UPSIDE. We want to make sure that the production for the workover covers the additional expense and capital costs. See the MultiGraph example below. Each projection and its start date needs to be qualified with a different qualifier and a scenario needs to be created for each qualifier.

Enabling Multiple Scenarios

Action

1. In Project Manager, select Definitions > Preferences.

2. Select the Enable Multiple Scenarios check box, then click OK.

After you have completed this process, the Use Picklist option will become available in the Scenario drop-down menu.



3. Select the Use Picklist scenario.

Now that you have enabled the Use Picklist option, you can select the scenario by individual property, as well as giving the properties different economic weights.

4. Select a property upon which you wish to run incremental economics. For this example we will use the PUCK 1 well from the ARIES Class Adv database.

Modify the Properties for the Case

Action

1. Create a copy of the SHOWID for the PUCK 1. To do this, highlight the SHOWID, then press Ctrl + C.

2. Create a new blank Project, then press Ctrl + V twice. The PUCK 1 well will now appear in the picklist twice.



3. Highlight one of the PUCK 1 wells, right-click and choose Properties from the speed menu.

4. In the Properties dialog box, leave the Economic Weight field at 1.

5. For the scenario, choose UPSIDE from the drop-down menu.

6. Click OK.

7. Highlight the other PUCK 1 well. Right-click and choose Properties from the speed menu.

8. Change the Economic Weight field to -1.

9. Choose BASE from the Scenario menu.

10. Save the project as Incremental-Mult Scenarios.

You are now ready to run incremental economics on the PUCK 1 well.



Running Economics

Action

1. Be sure both copies of the PUCK 1 are active. Then select the Break Point Grand Total.

2. Go to Economics, select scenario 2015Q1 in the Input Settings drop-down and the Results preview in the Economic Run Settings.



3. Select Evaluate > Preview Economics. It is important that you choose Preview Economics at this step for the scenarios to apply. Note that the preview will give a page for the UPSIDE and BASE scenarios, followed by the Grand Total.

Using Econ Group

The Econ Group adds the functionality of adding the same property numerous times to the same group. This feature allows ARIES software to calculate wedge and incremental economics. Econ Group and its members will not lose their scenario reference or any weight factor. Also, when running economics, the results can be stored for the Econ Group, but not for the cases contained in the group. If the given member does not have a reference scenario it will then use the scenario referenced by the Econ Group, and if there is not a scenario associated with the Econ Group, it will then use the current scenario displayed in the toolbar.

In this example, we will create an Econ Group using the PUCK 1 property, and perform the same calculations as our Enabling Multiple Scenarios Action item. We will also practice manually building a project.



Action

1. Save the Incremental-Mult Scenarios project as Incremental-ECON GRP.

2. Use the speed menu to create an Econ Group, using the figure below as a guide:

3. Drag both instances of PUCK 1 into the group. Notice the weight and scenario may need to be reset. This is based on which version of ARIES your company is using.

4. Set the properties for each instance of our case as in the Using Increment Economics action item.

5. Highlight one of the PUCK 1 cases, right-click and choose Properties from the speed menu. Leave weight as 1, and choose



UPSIDE as the scenario. For the other case, make the weight -1, and choose the scenario BASE. Select the PUCK NO. 1 INC GRP.

6. Save the project.

7. Go to Economics, select 2015Q1 for the Scenario and for the Input Settings. Then select Evaluate > Preview Economics. In fact, for our example, it would not matter which scenario you choose.

Notice the log window shows switching between scenarios. This Econ Group generates the same values as our Enabling Multiple scenarios example.



Running Incremental Reserves in ARIES, Using ARIES Modeler

Overview

Another way to run incremental economics for a work over situation or for the SEC option of reporting with 1P, 2P, and 3P cases is with the additional module of ARIES modeler. This can be handled as either separate cases or in a single case. Below is an example using separate cases.

Note

The scenario you use must have a qualifier name in the Model Data section.



Economic Expert Editor

A simple proved case input, ARIES expert editor (1P)

Proved case Model Data tab (1P)



Probable case Expert editor (2P)

Probable case Model Data tab (2P)



Possible case Expert editor (3P)

Possible case Model Data tab (3P)

First add script and MDATA lines to each case in the ARIES database, as shown in the screen shots. You can use the global economic editor to get the majority of the script and MDATA lines put in each ARIES case. Then each case will be edited for the 2P and 3P reserve cases.



DEFAULT scenario – This will run the cases (1P, 2P, and 3P), subtract the 1P case from the 2P case, save the P2 results, then subtract the saved P2 results from the 3P case.

Input Settings

A onetime setup for the input settings, this is applied through the common line data section on the input settings.



Run log with additional lines showing the saving of the case results and subtracting of the previous reserve class.



Economic Results of the incremental cases and grand total run

1P results



P2 results



P3 results



Grand total or 3P results



Property Replicator

The Property Replicator is accessed from the Tools > Property Replicator menu command in Project Manager.

Use the Property Replicator to create and schedule large drilling programs using an existing property as a type property.

Action

1. Open the NEW_DRILL_WELLS project and select the NEW DRILL DEV well.

2. Select LVIEW as the current Scenario.



3. Open the Economics Editor and note the START date(s) and Investment Points.

4. Close the Economic Editor and return to Project Manager.

5. From the drop-down menus, select Tools > Property Replicator.



6. As with most menus, the Help button will take you directly to the topic.

The Property Replicator will replicate the currently active property and create a specified number of wells. The starting date of the economic data lines will be changed progressively by a specified amount to account for drilling times.

Show ID to Auto Number

This field specifies the item within the ShowID that will be automatically numbered to identify each replicated property. Click the down arrow to reveal a list of the currently specified ShowID items and an option of <none>.

It is suggested that you create a Master table item spcifically for this use, such as Drill_ID, so you can enter this item as, for example, BIG DEAL DEV for the source property the auto numbering would then produce BIG DEAL DEV [001], making it easier to manage these properties later. The source property is not auto numbered, so it could be used again in another program.

Number of Properties to Create

This field specifies the number of properties to be replicated. The default value is 1. This entry must be an integer from 1 to 999.



Shift First Well, Mos

This entry allows the same source property to be used for different situations without having to change all its dates manually. This field specifies the number of months to shift the data in the source property to create the first new property. The entry must be an integer. The default value is 0 and it can be a negative integer. For example, the source property might have production starting at 1/2009, but have investments scheduled a -3 months. The Drill and complete time, mos entry is used to increment the dates for the remainder of the new properties.

Drill and Complete Time, Mos

This entry specifies the total cycle time between created properties, in months, for a single rig. The default value is 1, and cannot be negative.

If entered as a fraction, several cases are scheduled for each month. for example, if the entry is .5, (half month drill time) two wells will be scheduled for each month. If the entry is .25 (one week drill time), four wells are scheduled for a single month. An entry of 0 (zero) results in no date incrementing.

Number of Rigs

This entry specifies the number of rigs that will be used concurrently for the project. The value must be an integer and the default value is 1. An entry of 0 (zero) can be used if you are duplicating properties.

A value of 2 in this field means twice as many wells will be drilled at the same time. Likewise, an entry of 4 will result in four times as many wells being drilled at the same time.

Delay Production to End

This option specifies if all the properties being replicated will delay the start of production until the last property is completed.

• No - This is the default value. When this option is selected, production for these properties is not delayed. All the data is successively modified for each new property according to the Drill and complete time, mos entry.

• Yes - When this option is selected, investments for the properties will be delayed until the last property is completed.



Basic Workflow

The basic workflow for drilling a combination of exploration and development wells using this feature is as follows:

1. Create a new project or select an existing one.

2. Create a sigma for the exploration phase.

3. Drag the exploration source property under the sigma.

4. Replicate the properties.

5. Create a sigma for the development phase.

6. Drag the development source property under the sigma.

7. Enter desired parameters and replicate the property.

8. Deactivate (gray out) or remove the exploration and development source properties in the Picklist.

9. Run Auto Summary to calculate all properties, the exploration and development subtotals, and the grand total.

Tips

The following are useful tips to keep in mind when this feature is used:

• Be sure the Base and Effective dates are early enough to accommodate investments entered at, for example -3 months, for the first properties.

• Use escalation schemes to escalate the replicated initial price, cost, or investment values to the appropriate values when the new case starts. "PC" type escalations will use the entered initial value at the shifted time, thus providing no escalation in the interim.

• For most purposes use relative dates to follow the time shifting of new cases.

• When needed, use absolute dates to lock a time point to a certain date. But be aware that this can cause unwanted results if the new case is shifted beyond this absolute date.



• Schedule up-front project type investments in the appropriate summary node.

• To model repeated sets of wells for which production is delayed until each set is completed, replicate each set separately using the Shift first well and Delay production to end features.

• Remember to deactivate the source property when economics is run.

Examples

The following three examples give you an idea of how this feature is implemented:

Example 1

With the input listed below:

The output will be:

The ARIES software creates and starts two properties six months after the source property. It then creates and starts two more properties six months later (12 months after the source property), and continues this until all 10 wells are drilled at the 30 month point. Two wells are drilled every six months, which is not the same as drilling one well every three months.



Example 2


The output will be:

The ARIES software will create two properties six months after the source property, two more properties six months later, and continues until 10 wells are completed at month 30. The investment lines for the first two properties are incremented by six months, and by 12 months for the second two properties. The START dates for the production lines for all 10 properties are incremented by 30 months.

Example 3




The output will be:

Drill and complete time indicates two wells will be drilled per month (per rig). with a rig count of 2, four properties will be created each month (2*2=4).

Facility delay indicates production will not begin until the 10th well is completed. The 12th well is complete in the third month (four wells, then four wells, then two wells). The first four wells' investments are incremented by one month, the next four by two months, and next four wells by three months. the production for all 12 wells is incremented by three months.



Chapter Summary

In this chapter we:

• Learned how to export, modify and re-import economic data.

• Learned two ways to evaluate a work-over using incremental economics with the Economics Module.

• Saw how to run Incremental Reserves using the ARIES Modeler.

• Used the Property replicator to create and schedule a drilling program


Appendix A

Tables for Production Section

Table 1: Production Rate UnitsMajor Phase and Subordinate Not Scheduled as Ratio

OIL GAS OTHER

B/D Barrels per day

M/D Mcf per day

U/D Units per day

B/M Barrels per month

M/M Mcf per month

U/M Units per month

B/Y Barrels per year

M/Y Mcf per year

U/Y Units per year

MB/D Thousands of barrels per day

MM/D MMCF per day

MB/M Thousands of barrels per month

MM/M MMCF per month

MB/Y Thousands of barrels per year

MM/Y MMCF per year

ARIES™ Software Advanced, Release 5000.1.13 A-1

Appendix A: Tables for Production Section

Table 2: Production Rate UnitsSubordinate Ratio Phases

OIL SUBORDINATE GAS SUBORDINATE OTHER SUBORDINATE

B/M Barrels per MCF M/B Mcf per barrel

U/B Units per barrel

B/MM Barrels per MMCF

MM/B MMCF per barrel

U/M Units per MCF

B/B Barrels per Barrel M/M Mcf per MCF

B/U Barrels per Unit M/U MCF per unit

Table 3: Production SectionPermissible Forecast Units

YR or YRS Cumulative years after the start date

MO or MOS Cumulative years after the start date

IYR Incremental years after previously scheduled line of this phase

IMO Incremental months after previously scheduled line of this phase

AD Absolute date such as 7/85 or 1985.5

IMU Incremental thousands of units in stream being scheduled after pre-vious schedule of this line

LINE Project Line Number (can only reference a previously scheduled major phase)

LIFE Life of project (can only reference a previously scheduled major phase

BBL Barrels of production, not incremental (includes cum and previous lines’ production)

MB Thousand of barrels of production, not incremental (includes cums and previous lines’ production)

A-2 ARIES™ Software Advanced, Release 5000.1.13


UCR Tie to ultimate crude volumetrics

UGR Tie to ultimate gas volumetrics

EXP Stop when reach decline specified %

BBL Barrels of oil ultimate production

MB Thousands of barrels of ultimate production

BPD Tie to Oil Forecast Rate

MCF Thousands of cubic feet of ultimate production

MMCF Millions of cubic feet of ultimate production

BCF Billions of cubic feet of ultimate production

MPD MCF of gas producing rate from prior gas production

U Units

MU Thousands of units

IMU Incremental thousands of units

Table 4: Special Forecast Unitsfor Ratios with Cum Correlation

BBL, MB,MMB If ratio phase is oil

MCF,MMF,BCF,GPT

If ratio phase is gas

U,MU If ratio is U phase

Table 3: Production SectionPermissible Forecast Units

ARIES™ Software Advanced, Release 5000.1.13 A-3


A-4 ARIES™ Software Advanced, Release 5000.1.13

Appendix B

Units

Table 1: Prices, Operating Costs, TaxesPrice and Cost Units

$/B Price per barrel of oil, or operating cost per barrel of oil

$/M Price per MCF of gas, or operating cost per MCF of gas

$/M For operating costs, dollars per month

% For severance and Ad Valorem taxes

Table 2: Permissible Forecast and Reversion UnitsPrices, Operating Costs, Taxes, Interests and Capital

YR or YRS Cumulative years after the start date

MO or MOS Cumulative years after the start date

IYR Incremental years after previously scheduled line of this phase

IMO Incremental months after previously scheduled line of this phase

AD Date such as 7/85 or 1985.5

LINE Project Line Number (can only reference a previously scheduled major phase)

LIFE Life of project (can only reference a previously scheduled major phase)

BBL, MB, MMB,NPT, BPD

Limits available if oil has been scheduled

MCF, MMF, BCF,MPD

Limits available if gas has been scheduled

ARIES™ Software Advanced, Release 5000.1.13 B-1

Appendix B: Units

Table 3: Escalation Units for Prices,Expenses and Investments

PC Escalates at the end of every month approximately 1/12 of the annual escalationPC values are Compounded

PC/M Same as PC

PC/Q Escalates at the end of each quarter approximately 1/4 of the annual amount

PC/S Escalates at the end of each six month period approximately 1/2 of the annual escalation

PC/Y Holds the value flat for one year then escalates the entire annual amount

PC/B Escalates biannually

$E Escalates 1/12 of the $/Unit annual value at the end of every month

$E/M Same as $E

$E/Q Escalates 1/4 of the $/Unit value at the end of every quarter

$E/S Escalates 1/2 of the $/U value every six months

$E/Y Holds the value flat for one year then all the $/Unit value is added at one point in time

$E/B Escalates 2 times the annual rate biannually

PE Escalates the value monthly at 1/12 of the annual valueAll PE values are simple escalations

PE/M Same as PE

PE/Q Escalates the value 1/4 of the annual escalation at the end of every quarter

PE/S Escalates the value semiannually using 1/2 of the annual escalation

PE/Y Holds the value flat for a year then applies the entire escalation at one time

PE/B Holds the value flat for two years then applies 2 times the escalation at one time

B-2 ARIES™ Software Advanced, Release 5000.1.13

Appendix B: Units

Table 4: Additional Reversion Unitsfor Interest Reversions

M$G Limit to the month when stream number 892 (revenue to appraised interest after severance and WPT) cumulated to a specified M$

M$N Limit to the month when stream number 1069 (save as above less operating costs and net profits interest dollars) cumulated to specified M$

M$(i) Limit to the month when the values in stream I cumulate to the specified M$ or volume of production

Use of streams 746 (gross revenue less royalties, severance, ad valorum, operating costs, and net profits interests), 747 (same as 746, but prior to net profits interests), and 1069 (net revenue less severance, ad valorum, and operating costs) are the most common

IM$(i) Limit to the month when the values in stream I, since the last line scheduling this stream, cumulate to the specified M$ (an incremental M$(i) limit)

S(i) Limit to the month when the values in stream I cumulate to the specified number

ARIES™ Software Advanced, Release 5000.1.13 B-3

Appendix B: Units

B-4 ARIES™ Software Advanced, Release 5000.1.13

Appendix C

Description of 1500 Streams

The following are the items included and conventions used in the tables:

• Includes DOS 300 Stream Numbers and DOS keywords

• Items in italics apply to Canadian Economics only

• Items underlined apply to United States Economics only

Auto Inc Windows DOS DOS WINDOWS

Streams (*) Stream # STREAM # KEYWORD KEYWORD DESCRIPTION

SPECIAL STREAMS (1 - 30)

1 1 S/1 S/1 SPECIAL STREAM #1










11 -- -- S/11 SPECIAL STREAM #11




















ARIES™ Software Advanced, Release 5000.1.13 C-1

Appendix C: Description of 1500 Streams



MONTHLY RATE STREAMS ( 31 - 344 )

31 14 S/31 -- RESERVED



34 -- S/34 -- RESERVED



37 -- FRH FREE HOLD CONTENT OF LEASE %

38 -- IND INDIAN CONTENT OF LEASE %

39 -- -- CAQ SASK CROWN AQUIRED CONTENT OF LEASE %

40 17 STX/OIL STX/OIL OIL SEV TAX RATE - % OR $/BBL

41 18 STX/GAS STX/GAS GAS SEV TAX RATE - % OR $/MCF

42 STX/CND CND SEV TAX RATE - % OR $/BBL

43 20 STX/SGS STX/SGS SGS SEV TAX RATE - % OR $/MCF

44 19 STX/NGL STX/NGL NGL SEV TAX RATE - % OR $/BBL

45 -- -- STX/SUL SUL SEV TAX RATE - % OR $/U

46 -- -- STX/WTR WTR SEV TAX RATE - % OR $/U

47 -- -- STX/8 EIGHTH SEV TAX RATE - % OR $/U

48 -- -- STX/9 NINTH SEV TAX RATE - % OR $/U

49 -- -- STX/10 TENTH SEV TAX RATE - % OR $/U

50 -- -- STX/11 ELEVENTH SEV TAX RATE - % OR $/U

51 -- -- STX/12 TWELVETH SEV TAX RATE - % OR $/U

52 -- -- STX/13 THIRTEENTH SEV TAX RATE - % OR $/U

53 -- -- STX/14 FOURTEENTH SEV TAX RATE - % OR $/U

54 -- -- STX/15 FIFTEENTH SEV TAX RATE - % OR $/U

55 21 ATX ATX AD VALOREM TAX RATE - % REVENUE

56 -- -- ATX/T AD VALOREM TAX - $/MO, $/YR

57 -- -- EFF/ROY CORPORATE EFFECTIVE ROYALTY RATE

58 -- -- -- RESERVED

59 -- CRN(1) CRN/OIL MANUALLY SCHEDULED OIL CROWN ROY RATE - %

60 -- : CRN/GAS MANUALLY SCHEDULED GAS CROWN ROY RATE - %

61 -- : CRN/NGL MANUALLY SCHEDULED NGL CROWN ROY RATE - %

62 -- CRN(4) CRN/SGS MANUALLY SCHEDULED SGS CROWN ROY RATE - %

63 -- -- CRN/WTR MANUALLY SCHEDULED WATER CROWN ROY RATE - %

64 -- -- CRN/PRO MANUALLY SCHEDULED PROPANE CROWN ROY RATE - %

65 -- -- CRN/BUT MANUALLY SCHEDULED BUTANE CROWN ROY RATE - %

66 -- -- CRN/ETH MANUALLY SCHEDULED ETHANE CROWN ROY RATE - %

67 -- -- CRN/HVY MANUALLY SCHEDULED HEAVY OIL CROWN ROY RATE - %

68 -- -- CRN/SUL MANUALLY SCHEDULED SULPHUR CROWN ROY RATE - %

69 -- -- CRN/11 MANUALLY SCHEDULED ELEVENTH CROWN ROY RATE - %

70 -- -- CRN/12 MANUALLY SCHEDULED TWELVETH CROWN ROY RATE - %

71 -- -- CRN/13 MANUALLY SCHEDULED THIRTEENTH CROWN ROY RATE - %

72 -- -- CRN/14 MANUALLY SCHEDULED FOURTEENTH CROWN ROY RATE - %

73 -- -- CRN/15 MANUALLY SCHEDULED FIFTEENTH CROWN ROY RATE - %

74 -- -- OLD/OIL CROWN OLD OIL CLASSIFICATION - %

75 -- -- TIER CROWN TIER OIL CLASSIFICATION - %

76 -- -- OLD/GAS CROWN OLD GAS CLASSIFICATION - %

C-2 ARIES™ Software Advanced, Release 5000.1.13




77 -- -- OLD/NGL CROWN OLD NGL CLASSIFICATION - %

78 -- -- FLD/NGL FIELD CONDENSATE %

79 -- -- MTX/OIL ALBERTA PRESCRIBED MINERAL OIL TAX RATE % DEFAULT 26.9%

80 -- -- MTX/GAS ALBERTA PRESCRIBED MINERAL GAS TAX RATE % DEFAULT 6.9%

81 -- -- MINTAX MINERAL TAX RATE %

82 -- -- ORRO SLIDING SCALE RATIO

83 -- -- ORRG MINIMUM GAS ROYALTY PERCENT OR $


85 -- -- PTF/OLD SASKATCHEWAN OLD PRODUCTION TAX FACTOR - %

86 -- -- PTF/NEW SASKATCHEWAN NEW PRODUCTION TAX FACTOR - %

87 -- -- ACQ/FAC SASKATCHEWAN CROWN AQUIRED LANDS FACTOR - %

88 -- -- W/ USER DEFINED STREAM





93 -- -- WIBASIS NOT IMPLEMENTED

94 -- -- NIBASIS NOT IMPLEMENTED

95 22 WI LSE/WI LEASE WORKING INTEREST

96 -- -- LSE/PLT LEASE PLANT INTEREST

97 -- -- LSE/GTH NOT IMPLEMENTED



100 25 RI(1) ROY/ONG LEASE ROYALTY - OIL

101 26 RI(2) ROY/ONG LEASE ROYALTY - GAS

102 -- -- ROY/CND LEASE ROYALTY - CND

103 -- -- ROY/SGS LEASE ROYALTY - SGS

104 -- -- ROY/NGL LEASE ROYALTY - NGL

105 -- -- ROY/SUL LEASE ROYALTY - SUL

106 -- -- ROY/WTR LEASE ROYALTY - WTR

107 -- -- ROY/R8 LEASE ROYALTY - 8TH








115 27 RI(3) ORR/OIL LEASE OVERRIDING INTEREST OIL - FRAC

116 -- -- ORR/GAS LEASE OVERRIDING INTEREST GAS - FRAC

117 -- -- LSE/ONC LEASE OVERRIDE NET OF CROWN OIL/LEASE OVERRIDING INT NET OIL - FRAC

118 -- -- LSE/ONG LEASE OVERRIDE NET OF CROWN GAS/LEASE OVERRIDING INT NET GAS - FRAC

119 -- -- -- RESERVED

120 -- -- -- RESERVED

121 -- -- -- RESERVED

122 -- -- -- RESERVED

123 28 RI(4) LSE/NPI LEASE NET PROFITS INTEREST

124 29 FIO(1) OWN/WI OWNED WORKING INTEREST

125 30 FIO(2) OWN/OIL OWNED ROYALTY INTEREST FOR OIL

126 -- -- OWN/GAS OWNED ROYALTY INTEREST FOR GAS

127 -- -- OWN/CND OWNED ROYALTY INTEREST FOR CND





128 -- -- OWN/SGS OWNED ROYALTY INTEREST FOR SGS

129 -- -- OWN/NGL OWNED ROYALTY INTEREST FOR NGL

130 -- -- OWN/SUL OWNED ROYALTY INTEREST FOR SUL

131 -- -- OWN/WTR OWNED ROYALTY INTEREST FOR WTR

132 -- -- OWN/R8 OWNED ROYALTY INTEREST FOR PHASE 8








140 31 FIO(3) OWN/ORR OWNED OVERRIDING INTEREST

141 32 FIO(4) OWN/NPI OWNED NET PROFITS INTEREST

142 -- -- OWN/PLT OWNED PLANT INTEREST

143 -- -- OWN/GTH NOT IMPLEMENTED

144 -- -- MNF/INC PLANT REVENUE TO MANUFACTURING INCOME - RATIO FRAC

145 23 FNI(1) NET/OIL LEASE NET INTEREST IN OIL

146 24 FNI(2) NET/GAS LEASE NET INTEREST IN GAS

147 -- -- NET/CND LEASE NET INTEREST IN CND

148 -- -- NET/SGS LEASE NET INTEREST IN SGS

149 -- -- NET/NGL LEASE NET INTEREST IN NGL

150 -- -- NET/SUL LEASE NET INTEREST IN SUL

151 -- -- NET/WTR LEASE NET INTEREST IN WTR

152 -- -- -- LEASE NET INTEREST IN 8TH













165 -- -- MUL/OIL MULTIPLIER FOR OIL PHASE - FRAC

166 -- -- MUL/GAS MULTIPLIER FOR GAS PHASE - FRAC

167 -- -- MUL/CND MULTIPLIER FOR CND PHASE - FRAC

168 -- -- MUL/SGS MULTIPLIER FOR SGS PHASE - FRAC

169 -- -- MUL/NGL MULTIPLIER FOR NGL PHASE - FRAC

170 -- -- MUL/SUL MULTIPLIER FOR SUL PHASE - FRAC

171 -- -- MUL/WTR MULTIPLIER FOR WTR PHASE - FRAC

172 -- -- MUL/8 MULTIPLIER FOR 8TH PHASE - FRAC












180 -- CURALL ALLOWABLE/CURTAILMENT ALL PRODUCTS

181 -- OILCUR ALLOWABLE/CURTAILMENT OIL

182 12 RATE(2) GASCUR ALLOWABLE/CURTAILMENT GAS

183 -- -- -- ALLOWABLE/CURTAILMENT 4












195 36 PRI(1) PRI/OIL PRICE FOR OIL

196 37 : PRI/GAS PRICE FOR GAS

197 38 : PRI/CND PRICE FOR CND

198 39 : PRI/SGS PRICE FOR SGS

199 40 : PRI/NGL PRICE FOR NGL

200 41 : PRI/SUL PRICE FOR SUL

201 42 : PRI/WTR PRICE FOR WTR

202 43 : PRI/8 PRICE FOR PHASE 8

203 44 PRI(9) PRI/9 PRICE FOR PHASE 9

204 -- -- PRI/10 PRICE FOR PHASE 10




208 49 : PRI/14 PRICE FOR PHASE 14


* 210 -- -- PAR/OIL OIL PAR PRICE

211 -- -- PAR/GAS GAS PAR PRICE

212 -- -- PAR/NGL CONDENSATE PAR PRICE

213 -- -- PAR/PRO PROPANE PAR PRICE

214 -- -- PAR/BUT BUTANE PAR PRICE

215 -- -- PAR/ETH ETHANE PAR PRICE

216 -- -- PAR/HVY HEAVY OIL PAR PRICE

217 -- -- PAR/SUL SULPHUR PAR PRICE

218 -- -- -- RESERVED

219 -- -- -- RESERVED

220 -- -- -- RESERVED

221 -- -- -- RESERVED

222 -- -- CAP/GAS CORPORATE AVERAGE GAS PRICE

223 -- -- -- RESERVED

224 -- -- -- RESERVED

225 -- -- -- RESERVED

226 -- -- SEL/OOL SELECT PRICE OLD OIL

227 -- -- SEL/NOL SELECT PRICE NEW OIL

228 -- -- SEL/TOL SELECT PRICE TIER 3 OIL

229 -- -- SEL/HVY SELECT PRICE HEAVY OIL





230 -- -- SEL/OGS SELECT PRICE OLD GAS

231 -- -- SEL/NGS SELECT PRICE NEW GAS

232 -- -- SEL/NGL SELECT PRICE CONDENSATE

233 -- -- -- RESERVED

234 45 PRI(10) PRI/T1 RESERVED



237 -- -- PAJ/OIL PRICE ADJUSTMENT FACTOR FOR OIL

238 -- -- PAJ/GAS PRICE ADJUSTMENT FACTOR FOR GAS

239 -- -- PAJ/CND PRICE ADJUSTMENT FACTOR FOR CND

240 -- -- PAJ/SGS PRICE ADJUSTMENT FACTOR FOR SGS

241 -- -- PAJ/NGL PRICE ADJUSTMENT FACTOR FOR NGL

242 -- -- PAJ/SUL PRICE ADJUSTMENT FACTOR FOR SUL

243 -- -- PAJ/WTR PRICE ADJUSTMENT FACTOR FOR WTR

244 -- -- PAJ/8 PRICE ADJUSTMENT FACTOR 8








252 52 OPC(2) OPC/OIL OPERATING COST FOR OIL - $/BBL

253 53 OPC(3) OPC/GAS OPERATING COST FOR GAS - $/MCF

254 -- -- OPC/CND OPERATING COST FOR CND - $/BBL

255 -- -- OPC/SGS OPERATING COST FOR SGS - $/MCF

256 -- -- OPC/NGL OPERATING COST FOR NGL - $/BBL

257 -- -- OPC/SUL OPERATING COST FOR SUL - $/UNIT

258 -- -- OPC/WTR OPERATING COST FOR WTR = $/BBL

259 -- -- OPC/8 OPERATING COST FOR PHASE 8








267 51 OPC(1) OPC/T OPERATING COST - $/MONTH OR $/YEAR

268 -- OPC(4) OPC/OWL OPERATING COST OIL - $/W/M

269 -- OPC(4) OPC/GWL OPERATING COST GAS - $/W/M

270 -- -- OPC/INJ OPERATING COST INJ - $/W/M

271 -- -- OPC/DIS OPERATING COST DISP - $/W/M

272 -- -- OPC/OGW OPERATING COST GAS & OIL WELLS - $/W/M

273 -- -- LTC/T LIQUIDS TRANSPORTATION EXP - $/MONTH, $/YR

274 -- -- LTC/OIL LIQUIDS TRANSPORTATION EXP - $/B

275 -- -- LTC/REV LIQUIDS TRANSPORTATION EXP - % LIQ SALES

276 -- -- GTC/T GAS TRANSPORTATION EXP - $/M0NTH, $/YR

277 -- -- GTC/GAS GAS TRANSPORTATION EXP - $/MCF

278 -- -- GTC/REV GAS TRANSPORTATION EXP - % GAS SALES

279 -- -- CMP/T COMPRESSION EXPENSE - $/MONTH, $/YR

280 -- -- CMP/GAS COMPRESSION EXPENSE - $/MCF





281 -- -- CMP/REV COMPRESSION EXPENSE - % GAS SALES

282 -- -- TRC/T TREATMENT EXPENSE - $/MONTH, $/YR

283 -- -- TRC/GAS TREATMENT EXPENSE - $/MCF

284 -- -- TRC/REV TREATMENT EXPENSE - % GAS SALES

285 -- -- GPC/T GAS PLANT EXPENSE - $/MONTH, $/YR

286 -- -- GPC/GAS GAS PLANT EXPENSE - $/MCF

287 -- -- GPC/REV GAS PLANT EXPENSE - % NGL SALES

288 -- -- GCA/T CROWN COST ALLOWANCE - $/MONTH, $/YR

289 -- -- GCA/GAS CROWN COST ALLOWANCE - $/MCF OF RAW GAS + SGS

290 -- -- GCA/OIL CROWN COST ALLOWANCE - $/BBL

291 -- -- GCA/OPC CROWN PLANT OPERATING COST ALLOWANCE - $/MCF EQUIVALENT

292 -- -- FEE/T PROCESSING FEE - $/MONTH, $/YR

293 -- -- FEE/GAS PROCESSING FEE - $/MCF GAS + SGS BASED ON SOLD VOLUME

294 -- -- FEE/OIL PROCESSING FEE - $/B OIL + NGLS

295 -- -- WRK/T WORKOVER COST $/MONTH OR $/YR

296 -- -- TRT/T TERTIERY RECOVERY EXPENSE - $/MONTH,$/YR

297 -- -- -- RESERVED

298 -- -- -- RESERVED

299 -- -- -- RESERVED

300 -- -- -- RESERVED






306 -- -- GA/T REGULAR G&A EXPENSE - $/MONTH, $/YR

307 -- -- GA/W G&A RATE - $/W/M

308 -- -- GA/REV G&A RATE - % SALES

309 -- -- GA/OPC G&A RATE - % OPERATING EXPENSE

310 -- -- GA/CAP G&A RATE - % CAPITAL

311 -- -- GAN/T REGULAR G&A EXPENSE - $/MONTH, $/YR

312 -- -- GAN/W G&A RATE - $/W/M

313 -- -- GAN/$ G&A RATE - % SALES

314 -- -- -- RESERVED

315 -- -- -- RESERVED

316 -- -- OH/T REGULAR OVERHEAD RATE - $/MONTH, $/YR

317 227 vi(230) OH/W OVERHEAD RATE - $/W/M

318 -- -- OH/REV OVERHEAD RATE - % SALES

319 225 -- OH/OPC OVERHEAD RATE - % OPERATING EXPENSES

320 226 -- OH/CAP OVERHEAD RATE - % CAPITAL

321 -- -- TCR/OIL TAX CREDIT FOR OIL - $/BBL

322 -- -- TCR/GAS TAX CREDIT FOR GAS - $/MCF

323 -- -- TCR/CND TAX CREDIT FOR CND - $/BBL

324 -- -- TCR/SGS TAX CREDIT FOR SGS - $/MCF

325 -- -- TCR/NGL TAX CREDIT FOR NGL - $/BBL

326 -- -- TCR/SUL TAX CREDIT FOR SUL - $/UNIT

327 -- -- TCR/WTR TAX CREDIT FOR WTR - $/BBL

328 -- -- TCR/8 TAX CREDIT FOR STREAM 8












336 -- -- FTC/T FED TAX CREDIT PER UNIT TIME - $/M,$/Y

337 -- -- STC/T RESERVED

338 58 WLS(1) WLW/OIL GROSS OIL WELLS - FRACTION

339 59 WLS(2) WLW/GAS GROSS GAS WELLS - FRACTION

340 -- -- WLW/INJ GROSS INJECTION WELLS - FRACTION

341 -- -- WLW/DIS GROSS DISPOSAL WELLS - FRACTION

342 -- -- WLW/HLO OIL WELLS ELIG. FOR ROYALTY HOLIDAY

343 -- -- WLW/HLG GAS WELLS ELIG. FOR ROYALTY HOLIDAY

344 60 SIZE MONTHS TIME FRAME SIZE - MONTHS

MONTHLY STREAMS - GROSS VALUES ( 345 - 749 )

* 345 61 WMO(1) -- GROSS OIL WELLS * MONTHS - FRACTION

* 346 62 WMO(2) -- GROSS GAS WELLS * MONTHS - FRACTION

347 -- -- -- GROSS INJECTION WELLS * MONTHS - FRACTION

348 -- -- -- GROSS DISPOSAL WELLS * MONTHS - FRACTION

* 349 63 DAYS DAYS NUMBER OF DAYS PRODUCED

* 350 64 PMOS PMOS NUMBER OF MONTHS PRODUCED

351 65 GCAP(1) GCAP GROSS TANGIBLE INV

352 66 : -- GROSS INTANGIBLE INV

353 67 : -- GROSS RISK INV

354 -- -- -- GROSS PLANT CAPITAL

355 68 -- -- GROSS TOTAL INVESTMENT WITHOUT RISK

356 69 -- -- GROSS TOTAL INVESTMENT WITH RISK

357 -- -- W/357 GROSS CASH NON-TAXABLE NET

358 -- -- W/358 GROSS CASH NON-TAXABLE NET BY WORKING INTEREST

359 -- -- W/359 GROSS CASH NON-TAXABLE NET BY NET INTEREST CRUDE

360 -- -- W/360 GROSS TAXABLE, NON-CASH NET

361 -- -- W/361 GROSS TAXABLE, NON-CASH NET BY WORKING INTEREST

362 -- -- W/362 GROSS TAXABLE, NON-CASH NET BY NET INTEREST CRUDE

363 -- -- W/363 GROSS ADDITIONAL RESOURCE INCOME - TAXABLE, NET BY WORKING INTEREST

364 -- -- W/364 GROSS ADDITIONAL MANUFACTURING INCOME - TAXABLE , NET BY WI

365 -- -- -- RESERVED

366 -- -- -- RESERVED

367 -- -- -- RESERVED

368 -- -- -- RESERVED

369 -- -- -- RESERVED

* 370 -- GVOL(1) OIL GROSS INPUT SCHEDULE FOR OIL

* 371 -- : GAS GROSS INPUT SCHEDULE FOR GAS

* 372 -- : CND GROSS INPUT SCHEDULE FOR CND

373 -- : SGS GROSS INPUT SCHEDULE FOR SGS

374 -- : NGL GROSS INPUT SCHEDULE FOR NGL

375 -- : SUL GROSS INPUT SCHEDULE FOR SUL

376 -- : WTR GROSS INPUT SCHEDULE FOR WTR

377 -- : -- GROSS INPUT SCHEDULE FOR PHASE 8

378 -- GVOL(9) -- GROSS INPUT SCHEDULE FOR PHASE 9





379 -- -- -- GROSS INPUT SCHEDULE FOR PHASE 10






385 79 GVOL(10) OIL/T1 RESERVED



388 -- VI(83) -- RESERVED

389 -- VI(84) -- RESERVED

390 -- -- -- RESERVED

* 391 70 -- -- GROSS SOLD VOLUME FOR OIL - SOLD = (INPUT*MUL)->CURTAILMENT

* 392 71 -- -- GROSS SOLD VOLUME FOR GAS

* 393 72 -- -- GROSS SOLD VOLUME FOR CND

394 73 -- -- GROSS SOLD VOLUME FOR SGS

395 74 -- -- GROSS SOLD VOLUME FOR NGL

396 75 -- -- GROSS SOLD VOLUME FOR SUL

397 76 -- -- GROSS SOLD VOLUME FOR WTR

398 77 -- -- GROSS SOLD VOLUME FOR PHASE 8


400 -- -- -- GROSS SOLD VOLUME FOR PHASE 10






406 -- -- -- RESERVED

407 -- -- -- RESERVED

408 -- -- -- RESERVED

409 -- -- -- GROSS GAS VOLUME PRIOR TO CONTRACT

410 -- -- -- GROSS GAS VOLUME * CONTRACT %

411 -- -- -- GROSS GAS VOLUME REQUIRED TAKE

412 -- -- W/412 USER DEFINED STREAM















* 427 85 REV(1) -- GROSS REVENUE PHASE 1

* 428 86 : -- GROSS REVENUE PHASE 2

* 429 87 : -- GROSS REVENUE PHASE 3





430 88 : -- GROSS REVENUE PHASE 4





435 93 REV(9) -- GROSS REVENUE PHASE 9

436 -- -- -- GROSS REVENUE PHASE 10






* 442 100 REV(16) -- GROSS TOTAL REVENUE FROM PRODUCTS

443 -- -- -- RESERVED

444 -- -- -- RESERVED

445 94 REV(10) -- RESERVED



448 -- -- -- GROSS TOTAL RESOURCE INCOME

449 -- -- -- GROSS TOTAL MANUF INCOME

450 -- -- -- RESERVED

451 -- -- -- RESERVED

452 -- -- -- GROSS TOTAL REVENUE

453 -- -- -- USER DEFINED STREAM





458 106 GSEV(1) -- GROSS OIL SEVERANCE TAX - $

459 107 : -- GROSS GAS SEVERANCE TAX - $

460 108 : -- GROSS CND SEVERANCE TAX - $

461 109 GSEV(4) -- GROSS SGS SEVERANCE TAX - $

462 -- -- -- GROSS NGL SEVERANCE TAX - $

463 -- -- -- GROSS SUL SEVERANCE TAX - $

464 -- -- -- GROSS WTR SEVERANCE TAX - $

465 -- -- -- GROSS 8TH SEVERANCE TAX - $








473 110 GSEV(5) -- TOTAL GROSS SEVERANCE TAX - $

474 111 GWP(1) -- RESERVED

475 112 : -- RESERVED

476 113 : -- RESERVED

477 114 : -- RESERVED

478 117 GWPT(1) -- RESERVED

479 118 : -- RESERVED

480 119 : -- RESERVED





481 120 GWPT(4) -- RESERVED

482 -- -- -- RESERVED

483 -- -- -- RESERVED

484 -- -- -- RESERVED

485 -- -- -- RESERVED

486 -- -- -- GROSS OIL INITIAL EFFECTIVE CROWN ROYALTY - BBL

487 -- -- -- GROSS GAS INITIAL EFFECTIVE CROWN ROYALTY - MCF

488 -- -- -- GROSS CND INITIAL EFFECTIVE CROWN ROYALTY - BBL

489 -- -- -- GROSS SGS INITIAL EFFECTIVE CROWN ROYALTY - MCF

490 -- -- -- GROSS NGL INITIAL EFFECTIVE CROWN ROYALTY - UNITS

491 -- -- -- GROSS SUL INITIAL EFFECTIVE CROWN ROYALTY - UNITS

492 -- -- -- GROSS WTR INITIAL EFFECTIVE CROWN ROYALTY - UNITS

493 -- -- -- GROSS 8TH INITIAL EFFECTIVE CROWN ROYALTY - UNITS








501 -- -- -- TOTAL GROSS INITIAL CROWN ROYALTY - $

502 -- -- -- TOTAL GROSS INITIAL CROWN RESOURCE ROYALTY $

503 -- -- -- GROSS CROWN GAS COST ALLOWANCE

504 -- -- -- CROWN GAS COST ALLOWANCE TAKEN

505 -- -- -- GROSS OIL INITIAL MINERAL TAX - $

506 -- -- -- GROSS GAS INITIAL MINERAL TAX - $

507 -- -- -- GROSS CND INITIAL MINERAL TAX - $

508 -- -- -- GROSS SGS INITIAL MINERAL TAX - $

509 -- -- -- GROSS NGL INITIAL MINERAL TAX - $

510 -- -- -- GROSS SUL INITIAL MINERAL TAX - $

511 -- -- -- GROSS WTR INITIAL MINERAL TAX - $

512 -- -- -- GROSS 8TH INITIAL MINERAL TAX - $








520 -- -- -- TOTAL GROSS INITIAL MINERAL TAX - $

521 -- -- -- TOTAL GROSS RESOURCE INITIAL MINERAL TAX

522 -- -- -- GROSS MINERAL TAX GAS COST ALLOWANCE

523 -- -- -- MINERAL TAX GAS COST ALLOWANCE TAKEN

524 -- -- -- GROSS OIL EFFECTIVE CROWN ROYALTY - BBL

525 -- -- -- GROSS GAS EFFECTIVE CROWN ROYALTY - MCF

526 -- -- -- GROSS CND EFFECTIVE CROWN ROYALTY - BBL

527 -- -- -- GROSS SGS EFFECTIVE CROWN ROYALTY - MCF

528 -- -- -- GROSS NGL EFFECTIVE CROWN ROYALTY - UNITS

529 -- -- -- GROSS SUL EFFECTIVE CROWN ROYALTY - UNITS

530 -- -- -- GROSS WTR EFFECTIVE CROWN ROYALTY - UNITS

531 -- -- -- GROSS 8TH EFFECTIVE CROWN ROYALTY - UNITS












539 -- -- -- TOTAL GROSS CROWN ROYALTY - $

540 -- -- -- TOTAL GROSS CROWN RESOURCE ROYALTY $

541 -- -- -- GROSS OIL MINERAL TAX - $

542 -- -- -- GROSS GAS MINERAL TAX - $

543 -- -- -- GROSS CND MINERAL TAX - $

544 -- -- -- GROSS SGS MINERAL TAX - $

545 -- -- -- GROSS NGL MINERAL TAX - $

546 -- -- -- GROSS SUL MINERAL TAX - $

547 -- -- -- GROSS WTR MINERAL TAX - $

548 -- -- -- GROSS 8TH MINERAL TAX - $








556 -- -- -- TOTAL GROSS MINERAL TAX - $

557 -- -- -- TOTAL GROSS RESOURCE MINERAL TAX

558 -- -- -- GROSS OIL INDIAN ROYALTY - BBL

559 -- -- -- GROSS GAS INDIAN ROYALTY - M

560 -- -- -- GROSS CND INDIAN ROYALTY - BBL

561 -- -- -- GROSS SGS INDIAN ROYALTY - M

562 -- -- -- GROSS NGL INDIAN ROYALTY - UNIT

563 -- -- -- GROSS SUL INDIAN ROYALTY - UNIT

564 -- -- -- GROSS WTR INDIAN ROYALTY - UNIT

565 -- -- -- GROSS 8TH INDIAN ROYALTY - UNIT








573 -- -- -- TOTAL GROSS INDIAN ROYALTY AFTER GCA - $

574 -- -- -- TOTAL GROSS INDIAN RESOURCE ROYALTY $

575 -- -- -- GROSS INDIAN GAS COST ALLOWANCE

576 -- -- -- GROSS INDIAN GAS COST ALLOWANCE TAKEN

577 -- -- -- GROSS GAS COST ALLOWANCE - CAPITAL

578 -- -- -- GROSS GAS COST ALLOWANCE - CAPITAL COST ALLOWANCE

579 -- -- -- GROSS GAS COST ALLOWANCE - RETURN ON AVERAGE CAPITAL

580 -- -- -- GROSS GAS COST ALLOWANCE - OPERATING COST ALLOWANCE

581 -- -- -- GROSS GAS COST ALLOWANCE - CUSTOM & SCHEDULED ALLOWANCE

582 -- -- -- GROSS GAS COST ALLOWANCE - EFFECTIVE ALLOWANCE TAKEN





583 -- -- -- GROSS GAS COST ALLOWANCE - OPERATING ALLOWANCE TAKEN

584 -- -- -- GROSS PROCESSING PLANT - CAPITAL

585 -- -- -- GROSS PROCESSING PLANT - DEPRECIATION

586 -- -- -- GROSS PROCESSING PLANT - RATE BASE

587 -- -- -- GROSS PROCESSING PLANT - INCOME TAX PROVISION

588 -- -- -- GROSS PROCESSING PLANT OPERATING EXPENSES - M$

589 -- -- -- GROSS PROCESSING PLANT FEE - M$

590 -- -- -- RESERVED

591 -- -- -- RESERVED

592 -- -- -- RESERVED

593 -- -- -- RESERVED

594 -- -- -- RESERVED

595 -- -- -- RESERVED

596 -- -- -- RESERVED

597 -- -- -- RESERVED

598 -- -- -- RESERVED

599 -- -- -- RESERVED

600 -- -- -- RESERVED

601 -- -- -- RESERVED














615 -- -- -- TERTIARY REVENUE $

616 -- -- -- TERTIARY DIRECT INCREMENTAL OPEREATING EXPENSES $

617 -- -- -- TERTIARY ELIGIBLE CAPITAL $

618 -- -- -- TERTIARY VALUE OF INJECTANTS $ (ALTA)

619 -- -- -- TERTIARY GAS VOLUME EQUIVALENT FOR INJECTANTS MCF (ALTA)

620 -- -- -- TERTIARY HEATING VALUE EQUIVALENT FOR INJECTANTS MMBTU (ALTA)

621 -- -- -- TERTIARY BREAKTHROUGH VOLUME MCF (ALTA)

622 -- -- -- TERTIARY BREAKTHROUGH VALUE $ (ALTA)

623 -- -- -- TERTIARY BREAKTHROUGH PRESENT VALUE $ (ALTA)

624 -- -- -- TERTIARY CAPITAL ALLOWANCE $ (ALTA)

625 -- -- -- TERTIARY CAPITAL BALANCE $ (ALTA)

626 -- -- -- TERTIARY; DIRECT COSTS + FLUID COST - PVI - BREAKTHROUGH $ (ALTA)

627 -- -- -- TERTIARY; (TOTAL COST + CAP ALLOW)*OVERHEAD + CARRY FORWARD (ALTA)

628 -- -- -- TERTIARY CARRIED FORWARD EXPENSES $ (ALTA)

629 -- -- -- TERTIARY MAXIMUM ALLOWABLE COSTS ( TERTIARY OIL REVENUE $ ) (ALTA)

630 -- -- -- TERTIARY OIL ROYALTY $ (ALTA)

631 -- -- -- RESERVED

632 -- -- -- RESERVED





633 -- -- -- TERTIARY ROYALTY DEDUCTION (SASK)

634 -- -- -- TERTIARY OPENING OPERATING LOSS BALANCE (SASK)

635 -- -- -- TERTIARY OPERATING LOSS ALLOWANCE (SASK)

636 -- -- -- TERTIARY NET EOR OPERATING PROFIT (SASK)

637 -- -- -- TERTIARY INVESTMENT ALLOWANCE OPENING BALANCE (SASK)

638 -- -- -- TERTIARY INVESTMENT ALLOWANCE

639 -- -- -- TERTIARY PRE-PAYOUT RATIO

640 -- -- -- RESERVED

641 -- -- -- RESERVED

642 -- -- -- FEDERAL LANDS ALLOWED PROJECT COSTS $

643 -- -- -- FEDERAL LANDS RETURN ALLOWANCE $

644 -- -- -- RESERVED

645 -- -- -- RESERVED

646 -- -- -- RESERVED

647 -- -- -- RESERVED

648 -- -- -- RESERVED

649 -- -- -- RESERVED

650 -- -- -- RESERVED

651 -- -- -- RESERVED

652 -- -- -- RESERVED

653 -- -- -- RESERVED

654 -- -- -- RESERVED

655 -- -- -- RESERVED

656 -- -- -- RESERVED

657 -- -- -- RESERVED

658 -- -- -- RESERVED

659 -- -- -- RESERVED

660 -- -- -- RESERVED

661 -- -- -- RESERVED

662 -- -- -- RESERVED

663 -- -- -- RESERVED

664 -- -- -- RESERVED

665 -- -- -- RESERVED

666 -- -- -- RESERVED

667 -- -- -- RESERVED

668 -- -- -- RESERVED

669 -- -- -- RESERVED

670 -- -- -- RESERVED

671 -- -- -- RESERVED

672 -- -- -- RESERVED

673 -- -- -- RESERVED

674 -- -- -- RESERVED

675 -- -- -- RESERVED

676 -- -- -- RESERVED

677 -- -- -- RESERVED













686 129 GOPX(2) -- GROSS OPERATING EXPENSE STREAM 1

687 130 GOPX(3) -- GROSS OPERATING EXPENSE STREAM 2

688 -- -- -- GROSS OPERATING EXPENSE STREAM 3













701 128 GOPX(1) -- GROSS REGULAR OPERATING EXPENSE

702 -- GOPX(4) -- GROSS OIL $/W/M OPERATING EXPENSE

703 -- GOPX(4) -- GROSS GAS $/W/M OPERATING EXPENSE

704 -- -- -- GROSS INJ $/W/M OPERATING EXPENSE

705 -- -- -- GROSS DISP $/W/M OPERATING EXPENSE

706 131 -- -- GROSS OIL + GAS $/W/M OPERATING EXPENSE

707 -- -- -- GROSS LIQUIDS TRANSPORTATION EXPENSE

708 -- -- -- GROSS GAS TRANSPORTATION EXPENSE

709 -- -- -- GROSS COMPRESSION EXPENSE

710 -- -- -- GROSS TREATMENT EXPENSE

711 116 GWP(6) -- GROSS GAS PLANT EXPENSE

712 -- -- -- GROSS CROWN COST ALLOWANCE EXPENSE

713 -- -- -- GROSS PROCESSING EXPENSE

714 -- -- WKOVER- GROSS WORK OVER EXPENSE

715 -- -- -- GROSS G&A (CASH) EXPENSE

716 -- -- -- GROSS OVERHEAD (NON-CASH) EXPENSE

717 -- -- -- GROSS TERTIARY EXPENSE

718 -- -- -- RESERVED

719 -- -- -- RESERVED

720 -- -- -- RESERVED

721 -- -- -- RESERVED

722 -- -- -- RESERVED

723 -- -- -- RESERVED

724 -- -- -- RESERVED

725 -- -- -- RESERVED

726 -- -- -- RESERVED

727 -- -- -- RESERVED

728 -- -- -- RESERVED

729 -- -- -- RESERVED

730 132 GOPX(5) -- GROSS TOTAL OPERATING EXPENSE (RESOURCE)

731 -- -- -- GROSS TOTAL OPERATING EXPENSE (MANUFACTURING)

732 133 GOPX(46) -- GROSS AD VALOREM TAX PAID - $

* 733 134 GOPX(7) -- GROSS TOTAL OPERATING & AD VALOREM COSTS - $















744 135 GTOT(1) -- GROSS PROFIT BEFORE NPI AFTER WPT

745 136 GTOT(2) -- GROSS TOTAL NET PROFIT INTEREST

746 137 GTOT(3) -- GROSS PROFIT AFTER NPI & WPT

747 138 GTOT(4) -- GROSS PROFIT BEFORE NPI & WPT

748 139 GTOT(5) -- GTOT(1) LESS TOT INVESTMENT W/O RISK

749 140 GTOT(6) -- GTOT(3) LESS TOT INVESTMENT W/O RISK

MONTHLY STREAMS - WORKING INTEREST VALUES ( 750 - 799 )

* 750 141 WCAP(1) -- W.I. TANGIBLE INVESTMENTS

* 751 142 WCAP(2) -- W.I. INTANGIBLE INVESTMENTS

752 -- -- -- W.I. RISK INVESTMENTS

* 753 143 -- -- W.I. SOLD VOLUME OIL

* 754 144 -- -- W.I. SOLD VOLUME GAS

* 755 145 -- -- W.I. SOLD VOLUME CND

756 146 -- -- W.I. SOLD VOLUME SGS

757 -- -- -- W.I. SOLD VOLUME NGL

758 -- -- -- W.I. SOLD VOLUME SUL

759 -- -- -- W.I. SOLD VOLUME WTR

760 -- -- -- W.I. SOLD VOLUME PHASE 8








* 768 151 WREV(5) -- W.I. TOTAL REVENUE (RESOURCE)

769 -- W.I. TOTAL REVENUE (MANUFATURING)

* 770 169 WINX(6) -- W.I. TOTAL REVENUE AFTER SEV

* 771 176 WOPX(7) -- W.I. TOTAL OPER & AD VALOREM






777 -- -- -- RESERVED

778 -- -- -- RESERVED

779 -- -- -- RESERVED





780 -- -- -- RESERVED

781 -- -- -- RESERVED

782 -- -- -- RESERVED

783 -- -- -- RESERVED

784 -- -- -- RESERVED

785 -- -- -- RESERVED

786 -- -- -- RESERVED

787 -- -- -- RESERVED

788 -- -- -- RESERVED

789 -- -- -- RESERVED

MONTHLY VALUES - APPRAISED VALUES ( 790 - 1099 )

* 790 -- -- -- APPRAISED CASH NON-TAXABLE NET

791 -- -- -- APPRAISED CASH NON-TAXABLE NET BY WORKING INTEREST

792 -- -- -- APPRAISED CASH NON-TAXABLE NET BY NET INTEREST CRUDE

* 793 -- -- -- APPRAISED TAXABLE, NON-CASH NET

794 -- -- -- APPRAISED TAXABLE, NON-CASH NET BY WORKING INTEREST

795 -- -- -- APPRAISED TAXABLE, NON-CASH NET BY NET INTEREST CRUDE

796 -- -- -- APPRAISED ADDITIONAL RES. INCOME - TAXABLE, NET BY WORKING INTEREST

797 -- -- -- APPRAISED ADDITIONAL MNF. INCOME - TAXABLE, NET BY WORKING INTEREST

798 -- -- W/798 APPRAISED ADDITIONAL TAX $

799 -- -- -- RESERVED

800 -- -- -- APPRAISED SCHEDULED OIL

801 -- -- -- APPRAISED SCHEDULED GAS

802 -- -- -- APPRAISED SCHEDULED CND

803 -- -- -- APPRAISED SCHEDULED SGS

804 -- -- -- APPRAISED SCHEDULED NGL

805 -- -- -- APPRAISED SCHEDULED SUL

806 -- -- -- APPRAISED SCHEDULED WTR

807 -- -- -- APPRAISED SCHEDULED PHASE 8








* 815 180 AVOL(1) -- APPRAISED SOLD VOLUME FOR OIL

* 816 181 : -- APPRAISED SOLD VOLUME FOR GAS

* 817 182 : -- APPRAISED SOLD VOLUME FOR CND

818 183 : -- APPRAISED SOLD VOLUME FOR SGS

819 184 : -- APPRAISED SOLD VOLUME FOR NGL

820 185 : -- APPRAISED SOLD VOLUME FOR SUL

821 186 : -- APPRAISED SOLD VOLUME FOR WTR

822 187 : -- APPRAISED SOLD VOLUME FOR PHASE 8

823 188 AVOL(9) -- APPRAISED SOLD VOLUME FOR PHASE 9

824 -- -- -- APPRAISED SOLD VOLUME FOR PHASE 10








828 193 : -- APPRAISED SOLD VOLUME FOR PHASE 14


830 -- -- -- APPRAISED PROCESSED GAS VOLUME (GATHERING SYSTEM)

831 -- -- -- APPRAISED PROCESSED GAS VOLUME (MNF)

832 -- -- -- RESERVED

833 -- -- -- RESERVED

834 -- -- -- RESERVED

835 -- -- -- RESERVED

836 -- -- -- RESERVED

837 -- -- -- RESERVED

838 -- -- -- RESERVED

839 -- -- -- RESERVED

840 189 AVOL(10) -- RESERVED



843 154 VI(154) -- APPRAISED SOLD VOLUME N.A GAS BALANCE

844 155 VI(155) -- APPRAISED SOLD VOLUME SOLUTION GAS BALANCE

845 -- -- -- RESERVED

* 846 195 AREV(1) -- APPRAISED REVENUE FOR OIL

* 847 196 : -- APPRAISED REVENUE FOR GAS

* 848 197 : -- APPRAISED REVENUE FOR CND

849 198 AREV(4) -- APPRAISED REVENUE FOR SGS

850 -- -- -- APPRAISED REVENUE FOR NGL

851 -- -- -- APPRAISED REVENUE FOR SUL

852 -- -- -- APPRAISED REVENUE FOR WTR

853 -- -- -- APPRAISED REVENUE FOR PHASE 8








* 861 199 AREV(5) -- APPRAISED TOTAL REVENUE FROM PRODUCTS

862 -- -- -- APPRAISED RESOURCE REVENUE FROM PRODUCTS

863 -- -- -- APPRAISED MANUFACTURING REVENUE FROM PRODUCTS

864 -- -- -- ARRRAISED RESOURCE FACILITY PROFIT

865 -- -- -- APPRAISED MANUFACTURING FACILITY PROFIT

866 -- -- -- APPRAISED PLANT REVENUE

867 -- -- -- APPRAISED RESOURCE FACILITY REVENUE

868 -- -- -- APPRAISED GAS COST ALLOWANCE CREDIT $

869 -- -- -- RESERVED

* 870 -- -- -- APPRAISED TOTAL MANUFACTURING REVENUE

* 871 -- -- -- APPRAISED TOTAL RESOURCE REVENUE

872 200 ASEV(1) -- APPRAISED SEVERANCE FOR OIL

873 201 : -- APPRAISED SEVERANCE FOR GAS

874 202 : -- APPRAISED SEVERANCE FOR CND

875 203 ASEV(4) -- APPRAISED SEVERANCE FOR SGS





876 -- -- -- APPRAISED SEVERANCE FOR NGL

877 -- -- -- APPRAISED SEVERANCE FOR SUL

878 -- -- -- APPRAISED SEVERANCE FOR WTR

879 -- -- -- APPRAISED SEVERANCE FOR PHASE 8








* 887 204 ASEV(5) -- APPRAISED TOTAL SEVERANCE

888 -- -- -- RESERVED

889 -- -- -- RESERVED

* 890 205 -- -- RESERVED

891 206 -- -- RESERVED

* 892 212 AINC(6) -- APPRAISED TOTAL REVENUE AFTER SEVERANCE





897 -- -- -- APPRAISED OIL EFFECTIVE CROWN ROYALTY - BBL

898 -- -- -- APPRAISED GAS EFFECTIVE CROWN ROYALTY - MCF

899 -- -- -- APPRAISED NGL or CND EFFECTIVE CROWN ROYALTY - BBL

900 -- -- -- APPRAISED SGS EFFECTIVE CROWN ROYALTY - MCF

901 -- -- -- APPRAISED WTR EFFECTIVE CROWN ROYALTY - UNIT

902 -- -- -- APPRAISED 6TH EFFECTIVE CROWN ROYALTY - UNIT










* 912 -- -- -- TOTAL APPRAISED EFFECTIVE CROWN ROYALTY - $

* 913 -- -- -- TOTAL APPRAISED CROWN RESOURCE ROYALTY $

* 914 -- -- -- TOTAL APPRAISED ALBERTA ROYALTY ELIGIBLE FOR ARTC - $

915 -- -- -- APPRAISED OIL MINERAL TAX - $

916 -- -- -- APPRAISED GAS MINERAL TAX - $

917 -- -- -- APPRAISED CND MINERAL TAX - $

918 -- -- -- APPRAISED SGS MINERAL TAX - $

919 -- -- -- APPRAISED WTR MINERAL TAX - $

920 -- -- -- APPRAISED NGL MINERAL TAX - $

921 -- -- -- APPRAISED SUL MINERAL TAX - $

922 -- -- -- APPRAISED WTR MINERAL TAX - $

923 -- -- -- APPRAISED 9TH MINERAL TAX - $











* 930 -- -- -- TOTAL APPRAISED MINERAL TAX - $

931 -- -- -- TOTAL APPRAISED RESOURCE MINERAL TAX

932 -- -- -- APPRAISED OIL INDIAN ROYALTY - BBL

933 -- -- -- APPRAISED GAS INDIAN ROYALTY - MCF

934 -- -- -- APPRAISED CND INDIAN ROYALTY - BBL

935 -- -- -- APPRAISED SGS INDIAN ROYALTY - MCF

936 -- -- -- APPRAISED NGL INDIAN ROYALTY - UNIT

937 -- -- -- APPRAISED SUL INDIAN ROYALTY - UNIT

938 -- -- -- APPRAISED WTR INDIAN ROYALTY - UNIT

939 -- -- -- APPRAISED 8TH INDIAN ROYALTY - UNIT








* 947 -- -- -- TOTAL APPRAISED INDIAN ROYALTY - $

* 948 -- -- -- TOTAL APPRAISED INDIAN RESOURCE ROYALTY $

949 -- -- -- APPRAISED OIL PRODUCTION ROYALTIES PAID - $

950 -- -- -- APPRAISED GAS PRODUCTION ROYALTIES PAID - $

951 -- -- -- APPRAISED CND PRODUCTION ROYALTIES PAID - $

952 -- -- -- APPRAISED SGS PRODUCTION ROYALTIES PAID - $

953 -- -- -- APPRAISED WTR PRODUCTION ROYALTIES PAID - $

954 -- -- -- APPRAISED NGL PRODUCTION ROYALTIES PAID - $

955 -- -- -- APPRAISED SUL PRODUCTION ROYALTIES PAID - $

956 -- -- -- APPRAISED WTR PRODUCTION ROYALTIES PAID - $

957 -- -- -- APPRAISED 9TH PRODUCTION ROYALTIES PAID - $







964 -- -- -- TOTAL APPRAISED PRODUCTION ROYALTIES PAID - $

* 965 -- -- -- TOTAL APPRAISED PRODUCTION ROYALTIES PAID (RES)

966 -- -- -- APPRAISED OIL PRODUCTION ROYALTIES REC - $

967 -- -- -- APPRAISED GAS PRODUCTION ROYALTIES REC - $

968 -- -- -- APPRAISED CND PRODUCTION ROYALTIES REC - $

969 -- -- -- APPRAISED SGS PRODUCTION ROYALTIES REC - $

970 -- -- -- APPRAISED NGL PRODUCTION ROYALTIES REC - $

971 -- -- -- APPRAISED SUL PRODUCTION ROYALTIES REC - $

972 -- -- -- APPRAISED WTR PRODUCTION ROYALTIES REC - $

973 -- -- -- APPRAISED 8TH PRODUCTION ROYALTIES REC - $












981 -- -- -- TOTAL APPRAISED PRODUCTION ROYALTIES REC - $

* 982 -- -- -- TOTAL APPRAISED PRODUCTION ROYALTIES REC (RES)

983 -- -- -- APPRAISED OIL RESOURCE ROYALTIES PAID - $

984 -- -- -- APPRAISED GAS RESOURCE ROYALTIES PAID - $

985 -- -- -- APPRAISED CND RESOURCE ROYALTIES PAID - $

986 -- -- -- APPRAISED SGS RESOURCE ROYALTIES PAID - $

987 -- -- -- APPRAISED NGL RESOURCE ROYALTIES PAID - $

988 -- -- -- APPRAISED SUL RESOURCE ROYALTIES PAID - $

989 -- -- -- APPRAISED WTR RESOURCE ROYALTIES PAID - $

990 -- -- -- APPRAISED 8TH RESOURCE ROYALTIES PAID - $








998 -- -- -- TOTAL APPRAISED RESOURCE ROYALTIES PAID - $

* 999 -- -- -- TOTAL APPRAISED RESOURCE ROYALTIES PAID (RES)

1000 -- -- -- APPRAISED OIL RESOURCE ROYALTIES REC - $

1001 -- -- -- APPRAISED GAS RESOURCE ROYALTIES REC - $

1002 -- -- -- APPRAISED NGL or CND RESOURCE ROYALTIES REC - $

1003 -- -- -- APPRAISED SGS RESOURCE ROYALTIES REC - $

1004 -- -- -- APPRAISED NGL RESOURCE ROYALTIES REC - $

1005 -- -- -- APPRAISED SUL RESOURCE ROYALTIES REC - $

1006 -- -- -- APPRAISED WTR RESOURCE ROYALTIES REC - $

1007 -- -- -- APPRAISED 8TH RESOURCE ROYALTIES REC - $








1015 -- -- -- TOTAL APPRAISED RESOURCE ROYALTIES REC - $

* 1016 -- -- -- TOTAL APPRAISED RESOURCE ROYALTIES REC (RES)

1017 -- -- -- TOTAL APPRAISED NET COMPANY REVENUE

1018 214 AOPX(2) -- APPRAISED OPERATING COST FOR OIL

1019 215 AOPX(3) -- APPRAISED OPERATING COST FOR GAS

1020 -- -- -- APPRAISED OPERATING COST FOR CND

1021 -- -- -- APPRAISED OPERATING COST FOR SGS

1022 -- -- -- APPRAISED OPERATING COST FOR NGL

1023 -- -- -- APPRAISED OPERATING COST FOR SUL

1024 -- -- -- APPRAISED OPERATING COST FOR WTR

1025 -- -- -- APPRAISED OPERATING COST FOR PHASE 8












1033 213 AOPX(1) -- APPRAISED REGULAR OPERATING EXPENSE

1034 216 AOPX(4) -- APPRAISED OIL $/W/M OPERATING EXPENSE

1035 216 AOPX(4) -- APPRAISED GAS $/W/M OPERATING EXPENSE

1036 -- -- -- APPRAISED INJ $/W/M OPERATING EXPENSE

1037 -- -- -- APPRAISED DISP $/W/M OPERATING EXPENSE

1038 -- -- -- APPRAISED OIL + GAS $/W/M OPERATING EXPENSE

1039 -- -- -- APPRAISED LIQUIDS TRANSPORTATION EXPENSE

1040 -- -- -- APPRAISED GAS TRANSPORTATION EXPENSE

1041 -- -- -- APPRAISED COMPRESSION EXPENSE

1042 -- -- -- APPRAISED TREATMENT EXPENSE

1043 -- -- -- APPRAISED GAS PLANT EXPENSE

1044 -- -- -- APPRAISED CROWN COST ALLOWANCE EXPENSE

1045 -- -- -- APPRAISED PROCESSING EXPENSE

1046 -- -- -- APPRAISED WORK OVER EXPENSE

1047 -- -- -- APPRAISED G&A (CASH) EXPENSE

* 1048 247 -- -- APPRAISED OVERHEAD (NON-CASH) EXPENSE

1049 -- -- -- APPRAISED TERTIARY EXPENSE

1050 -- -- -- RESERVED

1051 -- -- -- RESERVED

1052 -- -- -- RESERVED

1053 -- -- -- RESERVED

1054 -- -- -- RESERVED

1055 -- -- -- RESERVED

1056 -- -- -- RESERVED

1057 -- -- -- RESERVED

1058 -- -- -- APPRAISED GATHERING SYSTEM PROCESSING FEE (RES)

1059 -- -- -- APPRAISED GATHERING SYSTEM EXPENSE (RES)

1060 -- -- -- APPRAISED PROCESSING FEE (MNF)

1061 -- -- -- APPRAISED PLANT EXPENSE (MNF)

* 1062 217 AOPX(5) -- APPRAISED TOTAL OPERATING EXPENSES (RES)

1063 -- -- -- APPRAISED TOTAL OPERATING EXPENSES (MNF)

* 1064 218 AOPX(6) -- APPRAISED AD VALOREM TAX

* 1065 219 AOPX(7) -- APPRAISED TOTAL RESOURCE, PLANT, & AD VALOREM OPERATING COSTS

1066 220 ATOT(1) -- TOTAL APPRAISED PROFIT BEFORE NPI

* 1067 221 : -- TOTAL APPRAISED NPI PAID

* 1068 222 ATOT(3) -- TOTAL APPRAISED NPI OWNED

* 1069 223 BTAX BFIT TOTAL APPRAISED BFIT PROFIT AFTER NPI

* 1070 224 VI(224) -- MONTHLY DISCOUNTED VALUES FROM BFIT

1071 -- -- -- RESERVED

1072 -- -- -- RESERVED

1073 -- -- -- RESERVED

1074 -- -- -- RESERVED

1075 -- -- -- RESERVED





* 1076 -- -- EOH RESERVED

1077 230 vi(230) -- RESERVED

1078 -- -- GA/UND-- G&A DOLLARS BASED ON REMAINING UNDEPREC AND UNDEPL INVEST

1079 228 vi(228) -- RESERVED

1080 229 vi(229) -- RESERVED

* 1081 115 -- -- APPRAISED TOTAL TAX CREDITS









1090 152 VI(152) -- RESERVED

1091 155 VI(155) -- RESERVED

1092 156 PSALV SALV SALVAGE REIMBURSEMENT AT PROJECT LIFE

1093 231 PLUG PLUG PLUGGING COSTS AT PROJECT LIFE

1094 232 ABAN ABAN ABANDON. COSTS AT PROJECT LIFE

1095 -- VI(233) -- LOAN CALCULATION STREAM #1



1098 -- -- -- RESERVED

1099 -- -- -- RESERVED

TIME FRAME STREAMS - COMPOSITED FROM MONTHLY STREAMS ( 1100 - 1350 )

* 1100 236 -- -- BFIT AFTER FINANCING PAYMENTS

* 1101 237 -- -- BFIT AFTER FINANCING PAYMENTS & EQUITY INV

1102 238 VI(238) -- FINANCIAL OPERATING INCOME

1103 -- -- -- RESERVED

1104 -- -- -- RESERVED

1105 241 -- -- RESERVED

* 1106 242 -- -- RESERVED

* 1107 243 -- -- RESERVED

* 1108 244 -- -- RESERVED

* 1109 245 -- -- RESERVED

* 1110 246 -- -- RESERVED

1111 -- ECO(1) -- RESERVED

1112 -- ECO(2) -- RESERVED

1113 -- -- -- RESERVED

1114 -- -- -- APPRAISED TANG INVESTMENTS, CATEGORY 1
























* 1134 263 -- -- APPRAISED TOTAL FIELD TANG INVESTMENTS

* 1135 -- -- -- APPRAISED TOTAL GATHERING SYSTEM INVESTMENTS

1136 -- -- -- APPRAISED TOTAL MANUFACTURING PLANT INVESTMENTS

1137 -- -- -- APPRAISED FIELD TANGIBLE BALANCE

1138 -- -- -- APPRAISED GATHERING SYSTEM BALANCE

1139 -- -- -- APPRAISED MANUFACTURING PLANT BALANCE

1140 -- -- -- APPRAISED INTANGIBLE BALANCE

1141 -- -- -- APPRAISED INTANG INVESTMENTS, CATEGORY 1




















* 1161 -- -- -- APPRAISED TOTAL INTANG INVESTMENTS

1162 -- -- -- APPRAISED LSHOLD INVESTMENTS, CATEGORY 1 - NOT IMPLEMENTED













1171 -- -- -- APPRAISED LSHOLD INVESTMENTS, CATEGORY 10 - NOT IMPLE-MENTED











* 1182 264 -- -- APPRAISED TOTAL LSHOLD INVESTMENTS

* 1183 252 ACAP(1) -- APPRAISED EQUITY CAPITAL INVESTMENTS

* 1184 253 : -- APPRAISED BORROWED INVESTMENTS

* 1185 254 : -- APPRAISED RISK INVESTMENT AMOUNT

* 1186 255 : -- APPRAISED TOTAL INVESTMENT W/O RISK

* 1187 256 ACAP(5) -- APPRAISED EQUITY & RISK INVESTMENTS

1188 -- -- -- APPRAISED TANG DEPRECIATION, CATEGORY 1




















* 1208 266 -- -- APPRAISED TOTAL TANG DEPRECIATION

1209 -- -- -- APPRAISED TOTAL PLANT DEPRECIATION

1210 -- -- --

1211 -- -- -- APPRAISED TOTAL TERT DEPRECIATION

1212 -- -- -- APPRAISED TOTAL RESOURCE DEPRECIATION

1213 -- -- -- APPRAISED TOTAL MANUFACTURE DEPRECIATION

1214 -- -- -- APPRAISED TOTAL HVY DEPRECIATION

1215 -- -- -- APPRAISED INTANG DEPRECIATION, CATEGORY 1
























* 1235 -- -- -- APPRAISED TOTAL INTANG DEPRECIATION

* 1236 265 -- -- APPRAISED EXPENSED INVESTMENT

1237 -- -- -- RESERVED

1238 -- -- -- RESERVED

1239 -- -- -- RESERVED

1240 -- -- -- RESERVED

1241 -- -- -- RESERVED

1242 -- -- -- RESERVED

1243 -- -- -- RESERVED

1244 -- -- -- RESERVED

1245 -- -- -- RESERVED

1246 -- -- -- RESERVED

1247 -- -- -- RESERVED

1248 -- -- -- RESERVED

1249 -- -- -- RESERVED

1250 -- -- -- RESERVED

1251 -- -- -- RESERVED

1252 -- -- -- RESERVED

1253 -- -- -- RESERVED

1254 -- -- -- RESERVED

1255 -- -- -- RESERVED

1256 -- -- -- RESERVED

* 1257 -- -- -- APPRAISED COST DEPLETION

1258 -- : -- RESERVED

1259 -- : -- RESERVED

1260 -- : -- RESERVED

* 1261 267 : -- NET FOR PERCENTAGE DEPLETION

* 1262 268 : -- GROSS FOR PERCENTAGE DEPLETION

* 1263 269 : -- DEPLETION TAKEN

* 1264 270 : -- TAXABLE INCOME

* 1265 271 : -- FEDERAL TAX

* 1266 272 : -- INVESTMENT TAX CREDIT

1267 -- FED(11) -- OTHER TAX CREDIT

* 1268 -- -- -- STATE/PROVINCE TAX





* 1269 273 -- -- TOTAL TAX PAID

* 1270 274 ATAX(1) -- AFIT NET BEFORE FINANCING PAYMENTS

1271 -- -- -- DEPRECIABLE INVESTMENTS - BOOK

1272 -- -- -- DEPLETABLE INVESTMENTS - BOOK

1273 -- -- -- EXPENSED INVESTMENTS - BOOK

1274 -- -- -- DEPRECIATION - BOOK

1275 -- -- -- NET FOR PERCENTAGE DEPLETION - BOOK

1276 -- -- -- GROSS FOR PERCENTAGE DEPLETION - BOOK

1277 -- -- -- DEPLETION TAKEN - BOOK

1278 -- -- -- TAXABLE INCOME - BFIT BOOK

1279 -- -- -- FEDERAL TAX - BOOK

1280 -- -- -- INVESTMENT TAX CREDIT - BOOK

1281 -- -- -- OTHER TAX CREDIT - BOOK

1282 -- -- -- STATE/PROVINCE TAX - BOOK

1283 -- -- -- TOTAL TAX PAID - BOOK

1284 -- -- -- AFIT NET BEFORE FINANCING PAYMENTS - BOOK

1285 -- -- -- DEFERRED TAX

1286 -- -- -- MANUFACTURING TAXABLE INCOME(FED)

1287 -- -- -- MANUFACTURING TAXABLE INCOME(PROV)

* 1288 -- -- -- RESOURCE TAXABLE INCOME(FED)

* 1289 -- -- -- RESOURCE TAXABLE INCOME(PROV)

* 1290 -- -- -- FEDERAL RESOURCE ALLOWANCE

1291 -- -- -- FEDERAL RESOURCE ALLOWANCE INCOME

1292 -- -- -- BRANCH TAX

1293 -- -- -- PROVINCIAL REBATE

1294 -- -- -- FEDERAL CAPITAL TAX

* 1295 -- -- -- ARTC

1296 -- -- -- CROWN ROYALTIES ELIGIBLE FOR ARTC

1297 -- -- -- RESERVED

1298 -- -- -- RESERVED

1299 -- -- -- RESERVED

1300 -- -- -- RESERVED

* 1301 257 ALOAN(1) -- PRINCIPAL PAYMENTS

* 1302 258 : -- INTEREST PAID

* 1303 259 : -- INTEREST CAPITALIZED

1304 260 vi(260) -- SUNK COSTS

1305 261 SALV -- SALVAGE

1306 262 ABDN -- ABANDONMENT

* 1307 277 ANX(1) -- AFIT AFTER FINANCING PAYMENTS

* 1308 278 ANX(2) -- AFIT AFTER FINANCING PAYMENTS & EQUITY INV

1309 -- -- -- AFIT AFTER FINANCING PAYMENTS - BOOK

1310 -- -- -- AFIT AFTER FINANCING & EQUITY INV - BOOK

1311 -- VI(279) -- RESERVED

1312 -- -- -- RESERVED

1313 -- -- -- RESERVED

* 1314 280 PW(1) -- P.W. OF BFIT AFTER FINANCING PAYMENTS

* 1315 281 : -- P.W. OF AFIT AFTER FINANCING PAYMENTS

* 1316 282 : -- P.W. OF INVESTMENTS

* 1317 283 : -- P.W. OF BFIT NET

* 1318 284 PW(5) -- P.W. OF AFIT NET





1319 -- -- -- P.W. OF AFIT AFTER FINANCING PAYMENTS - BOOK

1320 -- -- -- P.W. OF AFIT NET - BOOK

1321 -- -- -- RESERVED

1322 -- -- -- RESERVED

1323 -- -- -- REMAINING BFIT NET P.W.

1324 -- -- -- REMAINING AFIT NET P.W.

1325 -- -- -- REMAINING BOOK NET P.W.

1326 -- -- -- P.W. OF BFIT AFTER FINANCING PAYMENTS REAL $

1327 -- -- -- P.W. OF AFIT AFTER FINANCING PAYMENTS REAL $

1328 -- -- -- P.W. OF BFIT NET REAL $

1329 -- -- -- P.W. OF AFIT NET REAL $

1330 -- -- -- P.W. OF INVESTMENTS REAL $

1331 -- -- -- REAL $ DEFLATOR FACTORS












1343 -- -- -- RESERVED

1344 -- -- -- RESERVED

1345 -- -- -- RESERVED

1346 -- -- -- RESERVED

1347 -- -- -- RESERVED

1348 -- -- -- RESERVED

1349 -- -- -- RESERVED

1350

1351

1352 Proved reserves for Book economics

1353 Probable reserves for Book economics

1354 REMAINING DEVELOP, TOTAL PROVED, & PROBABLE RESERVES

1355 REMAINING PROVED, TOTAL PROVED AND PROBABLE RESERVES

1356 SUM OF BOOK PROBABLE DEPREC. INVEST.

1357 SUM OF BOOK PROBABLE DEPLT. INVESTMENTS

1358 SUM OF CASES PROBABLE EXPENSE INVEST.

1359

1360

1361 NET BOE (BOOK)

1362 REMAINING UNDEPRECIATED INVESTMENT (BOOK)

1363 REMAINING UNDEVELOPED INVESTMENT (BOOK)

1364 GA/UND G&A ALLOCATION FACTOR

1365 DEPR LIST MODE REGULAR DEPRECIATION

1366 AMTDEP LIST MODE ALTERNATE MIN. TAX DEPREC.

1367 DEPL LIST MODE DEPLETION

1368 ANNUAL AMOUNT ACCRUED





1369

1370

1371

1372

1373

1374

1375

1376 SALVAGE VALUE AT BEGINNING OF EACH TIME FRAME

1377 PLUG VALUE AT BEGINNING OF EACH TIME FRAME

1378 ABANDON VALUE AT BEGINNING OF EACH TIME FRAME

1379 RESERVED

1380 DEPL. CALC FROM MISC SECTION

1381 DEPR LIST MODE DEPRECIATION EXPENSES

1382 AMTDEPR LIST MODE AMT DEPREDC

1383 DEPL LIST MODE DEPLETION

1384 IDCDEPR LIST MODE IDC DEPRECIATION

1385 - 1500 -- -- -- RESERVED


ARIES™ Software Advanced Release 5000.1.13 - iEnergy®

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Transcript of ARIES™ Software Advanced Release 5000.1.13 - iEnergy®