Features
The Petroleum Reserves Software Built for How Engineers Actually Work
PHDwin V3 is purpose-built petroleum reserves and economics software; technically rigorous, massively scalable, and designed to eliminate the workflow friction that slows your team down. From decline curve analysis to SEC-compliant reserves reporting, PHDwin V3 gives reservoir engineers the tools to move faster, collaborate freely, and deliver results with confidence.
Welcome to the next generation of industry
leading economics and reserves analysis software
PHDwin V3 in 3 Minutes
See Why Leading E&P Teams, Consultants, and Financial Institutions Are Moving to the Next Generation of Petroleum Reserves Software
- Customizable User Interface designed to maximize your workflow efficiency, engineers in Version 3 spend time on analysis, not fighting their tools
- Improved mass-editing features: copy/paste from Excel, Global Editor, and Grid Editor eliminates manual re-entry across hundreds of cases
- Qualified Economics and Scenarios for managing your data and performing sensitivity runs and lookbacks without breaking your base case
- Upgraded graphics engine lets you plot revenues, expenses, and taxes directly on production graphs; see economics and reserves in a single view
- Built on Microsoft SQL Database Platform — the industry-standard foundation your IT team already trusts
PHDwin V3 – No Limits
Industry-Leading Economic Calculation Methodology
The bottom line of any economics and reserves software is the ability to produce quality reserves data. PHDwin V3 provides the best reserves reporting in the industry because it provides the best economics. The more accurate the economics, the more accurate the reserves.
PHDwin V3 Economic Calculation Methodology Features:
- Improved economic limit calculation by introducing Max Cum Cash Flow
- Support for differentiating sunk and discretionary investments (PDP plugging vs PUD plugging)
- Economic Hurdles – discounted cash flow, non-discounted cash flow, and ROI based (all are critical for automation)
Unrivaled Graphing & Forecasting Tools
Built for Unconventional and Conventional Portfolios Alike
- Multi-graph display allows users to analyze multiple production streams simultaneously for comprehensive reserves analysis
- Drag & Drop "Bendy B Factor" means users can intuitively manipulate hyperbolic decline without manual parameter re-entry
- Introduction of Flow Regime Indicators means PHDwin Version 3 automatically identifies transient, boundary-dominated, and linear flow periods critical for unconventional well evaluation
- Child case overlay for group cases allows users to compare parent cases and offset well performance within a single, unified view
- Plot revenues, expenses, and taxes on graphs allows users to connect production forecasts directly to economics without switching screens
- Introduction of graph models that can quickly and easily be applied to one, many, or all cases. If the model is updated, all cases using that model are updated without any further user inputs means no more manual propagation across your asset portfolio
- Autofit options are now editable and database-specific: Standard, Forced Exponential, Cull Data, and Multi-Point; giving engineers the control to fit curves to the actual behavior of each asset
- The Forecast ribbon provides more control and transparency for all graph and product settings means everything is visible, nothing buried
Available Forecasting Methods
PHDwin V3 features five forecasting methods that meet the industry’s needs for decline curve analysis software. In PHDwin V3, these methods can be used in combination; which is critical for unconventional wells that exhibit multiple flow regimes across their producing life.
- Arps — Interface improvements make building Arps projections more convenient than ever. Exponential, hyperbolic, and harmonic decline, with direct graph manipulation designed to reduce setup time on large-volume evaluations
- SEDM — Build Stretched Exponential Decline projections. The preferred method for tight and unconventional formations where traditional Arps tends to overestimate EUR
- Scheduled — Input exact production values for time-based projections, with the ability to manually edit or paste directly from a spreadsheet. Ideal for development drilling schedules and facilities-constrained production profiles
- Lin-Time — Linear time projections governed by y = mx + b. Appropriate for late-life, stripper wells or stable production streams with predictable, long-term decline behavior
- Flat Projections — Maintain a constant production rate over a specified period of time. Essential for modeling plateau phases, infrastructure-constrained output, or short-term contractual production commitments
Flexible Reporting & Instant Report Reconfiguration
PHDwin Version 3 allows engineers to dynamically change report formats and ranking metrics without re-running economic evaluations.
Users can switch between report templates, analyze different economic metrics such as value rank or present worth, and instantly regenerate reports within the same workflow.
Reports can then be
- Switch report templates instantly
- Rank wells by multiple economic metrics
- Analyze present worth without re-running economics
- Generate reports directly within the interface
- Export structured results to Excel in seconds
- Built for fast engineering decision-making
Microsoft SQL Database
PHDwin V3 is built on MS SQL providing industry standard stability and performance that your business demands. The open data structure provides opportunities for integration with other systems.
MS SQL Benefits
- Virtually limitless case count without sacrificing calculation speeds1
- Support for client/server deployment or can be run locally
- Performance can be optimized with hardware
- True multi-user support
- Users can perform concurrent operations – no waiting for one calculation to complete while moving onto the next task
- Unparalleled calculation and reporting speeds
Highly Customizable Interface
PHDwin V3 features a highly definable user interface that allows users, teams, and managers to create, store, and share customized views that will increase workflow efficiency.
- Forms are used to place data anywhere on the screen
- Views are a stored group of Forms that can be shared on an individual or team basis
- Views allow for task-specific workflow
- True multi-monitor support allows you to scale forms across all monitors
Shared Corporate Knowledge
Data Discipline
- Predictable, comparable, quality results
- Enforced consistency
- Reduction in QC time
- Reduction data entry errors
Qualified Data & Scenarios
Scenarios
The scenarios tool is used to manage and maintain evaluations by purpose and includes hierarchical qualified data creating a high degree of data sharing and controlled data flow.
Qualified Data
Store variants of case data to improve business intelligence and efficiency through the use of qualifiers.
Flexible Import Options
PHDwin makes importing data to create or update cases easy with more than 25 supported data vendors and file types in addition to database and spreadsheet-based data.
Supported Import File Types
- PHZ Transfer Files (*.phz)
- ARIES (via Access *.accdb or *.mdb)
- PowerTools – let us assist with your conversion
- Accumap (*.axp)
- Divestco (*.pds)
- DrillingInfo/Enervus (*.dri)
- DrillingInfo Well/Enervus (*.drw)
- Future (*.fut)
- GeoLogic (*.glx)
- GeoVista (*.cpd)
- HPDI (*.hpd)
- IHS (298) (*.98c)
- Lasser (PRN v2) (*.prn)
- Merak (*.mer)
- QEngineering (*.qen)
- Rextag (*.rex)
- Rystad (*.rys)
- SweetWater Data (*.swd)
- TGS Geological Products & Services (*.tgs)
- WellDatabase (*.wdb)
- WoodMackenzie (*.wmc)
- Comma Separated Values (*.csv)
- Access 2007+ (*.accdb)
- Access 2003 – (*.mdb)
PHDwin V3 installs with SQL Express, which can support databases up to approximately 100,000 cases. Companies with larger case counts may wish to explore MS commercial products or Standard Edition.