When shale oil and gas operators drill and complete a new well pad, they want to maximize profitability sustainably and efficiently. They normally use in-house solutions, but unique excel spreadsheets and custom models take significant time and resources. PrePad helps oil and gas operators replicate in minutes what would typically take multiple employees several weeks or months.

IMPROVE STAFF EFFICIENCY

• What used to take a team of people weeks or months to accomplish can now be performed by a single staff member in minutes.

MINIMIZE GHG EMISSIONS & RISKS

• Simulating hundreds of scenarios reveals ways to reduce emissions for the lowest cost and operational risk.

MAXIMIZE FINANCIAL RETURNS

• Understand the relationship between any financial metric for all simulated scenarios i.e., free-cash-flow (FCF) vs. completions cost per well.

Software as a service (SaaS) subscription model.

PrePad improves organizational efficiency and simplifies working methods by utilizing software to replicate in only minutes what would typically take multiple employees several weeks or months.

As a result, PrePad determines the optimal trade-off between production, cost, cycle time and emissions by generating countless iterations, optimizing around any number of variables in only minutes.

Problem:

• The problem is that there is currently no simulation software for drilling or completions on the market.
• This means that teams spend a significant amount of time and resources trying to optimize their design parameters using excel spreadsheets and custom models, or they keep doing what they did last time and leave considerable value on the table. 

Solution:

• Unlike excel spreadsheets and custom models, PrePad allows O&G operators to replicate in minutes what would typically take multiple employees several weeks or months.
• Simply put, you can get much more than excel, faster than excel, with even more transparency. i.e., not a black box solution.