ComboCurve: Qualifiers, Combos, & Sensitivities

ComboCurve: Qualifiers, Combos, & Sensitivities

In this article, we cover using qualifiers & combos for economic sensitivities/reconciliations.

Qualifiers

While building your economic models & setting up your scenario table, you have noticed a bunch of cells labeled 'Default' under each assumption name (see below). These refer to your qualifier's name, which upon creating your scenario, default to the 'Default' tag you see here.


Why is this important to your economic run? You can think of qualifiers as something like folders within each assumption. We're going to walk through building out a buyer & seller case in this scenario for a couple of our assumptions, and in the next section we'll show how to use these qualifiers for running sensitivities. 

The qualifier cell comes with it's own set of operations, which can be opened by selecting the  icon. Once it's open, you can create a new qualifier either by selecting 'Create Qualifier' or selecting 'Manage Qualifiers' (which is also where you can rename your qualifiers) and create them that way. For our purposes, I'm going to create buyer & seller qualifiers for our Forecast and Expenses assumptions. After you create a new qualifier, simply select it from the dropdown. Your new qualifier's name should display in the cell highlighted above, and the assignments should be empty - we're just going to populate it with the assignments that match the qualifier name (buyer's forecast will go in the buyer forecast qualifier, seller's forecast will go in the seller forecast qualifier, etc).




It's worth mentioning that qualifiers can be imported across scenarios as well. This can be useful if you're trying to replicate model assignments in a new scenario that shares wells with the original. Once you select 'Import Qualifier,' just select an available UWI that the wells share. We also allow assignments such as Ownerships to be brought in via RestAPI connection, for more information on this please reach out to your assigned Customer Success engineer or refer to our API quickstart guide.



Once we've got all of our new qualifiers set up and populated, we're ready to run our economics and analyze our sensitivities!


Combos & Reporting

Now it's time to set up our Combos table. To get there, navigate to the 'Run Scenario' menu, and click 'Combos' on the righthand side to get started. 



Once you're in the Combos table, you should see your assumptions laid out in a tabular format and the option to reset, save, or add New Combos. For assumptions that have more than one qualifier, simply double click the cell and select an option. We're going to click 'New Combo +' for as many sensitivities I'd like, then configure each line accordingly. Make sure to change the name of each combo to represent how each run differs, as these will display on your economic reports.



In the image below, you can see an example with four different combos/cases. These represent four separate econ. runs within one run. Now we're ready to run our scenario!



After running this, you should notice a dropdown to view the different combos you configured. From here, you can view the economic results of each run on the frontend. If we export any of our pre-built reports, however, all four combos should appear automatically. See below for an example of our aggregate PDF, where you can see which page is allocated to which Combo name. 



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