Value Navigator 5.2 is our biggest release yet. Out latest release includes new features and workflow improvements that will save time and add flexibility for virtually every user, regardless of how you use Value Navigator.
For more information about the features and enhancements visit the Value Navigator 5.2 release webpage.
Alberta is back – independent evaluation shows province’s latest royalty regime is among the most competitive in North America.
Calgary, AB, June 9, 2010 – A follow-up to a January shale gas evaluation that placed Alberta dead last in terms of economic competitiveness among five main operating areas in North America shows that now, with Alberta’s recently reworked royalty framework, the province has moved from the worst to one of the best regimes in which to invest in emerging shale gas developments.
“In terms of after-tax rate of return,” said Energy Navigator President Boyd Russell – who performed both evaluations, “the most recent Alberta royalty framework represents one of the best opportunities across all jurisdictions at all prices. When you look at higher prices – one of the areas where Alberta’s previous royalty framework was widely criticized – there’s no question that the Alberta government has listened to industry and made appropriate adjustments to make Alberta one of the pre-eminent places for development.”
In both evaluations, Mr. Russell examined the same multi-year, multi-well field that is typical of a development found in any of the five major North American jurisdictions including Alberta, British Columbia, Texas, Louisiana and Pennsylvania. The only difference between the first and second evaluations was the inclusion of the most recent Alberta royalty framework. Depending on gas price, the results show Alberta leading or running a close second in terms of key indicators such as: after-tax rate of return; royalties as a percentage of after-tax cash flow; after-tax cash flow; and supply cost or break-even cost.
While BC’s Net Profit Royalty is more competitive for shale gas at lower prices, Alberta’s new regime is more competitive at higher prices. Mr. Russell believes that, since current low prices have all but halted conventional gas drilling (which represents approx. 70 per cent of total gas supply), the industry will experience supply shortages leading to rising gas prices.
Download a copy of Boyd Russell's June evaluation "Comparing North American Fiscal Regimes".
Energy Navigator develops software solutions that help more than 240 oil and gas companies make better decisions. AFE Navigator® and Value Navigator® provide efficient control and accountability for reserves evaluation, production, cash flow forecasting and capital cost management, ultimately assisting users in performing their jobs with the utmost speed and accuracy. Energy Navigator focuses on creating workflow solutions that enable the effective management of capital and reserve assets, helping companies to reach their full potential. The company’s open philosophy and architecture design promotes workflow integration with other leading industry software.
Alberta Energy Minister Ron Liepert announced the final adjustments to the Alberta’s royalty formulas Thursday May 27. For complete details about the adjustments and formulas please visit the Energy Alberta website.
Our team has anticipated this announcement and are currently implementing the new Alberta royalties into Value Navigator. A beta version of Value Navigator 5.2 with the new royalties will be available to clients on Friday June 4th. Please note that this beta release will require an upgrade to Value Navigator 5.2. We will not be releasing a version of Value Navigator 5.1 with the updated royalties.
For more information and to arrange access to the Value Navigator 5.2 beta please contact our Support team at 403-770-6070 or support@energynavigator.com.
Energy Navigator is a sponsoring exhibitor at Dealmakers at the Hyatt Regency in Calgary May 19th. We invite you to visit our booth to find out what's new with Value Navigator and AFE Navigator.
Dealmakers, is a mergers, acquisitions and divestitures (A&D) forum, patterned after PLS' Playmakers Conferences in Canada and the US...
Important enhancements to the key pieces of the AFE Navigator technical infrastructure – database, server, and desktop - combine to make AFE Navigator 7.2 a valuable new release.
It is no secret that AFE Navigator is the oil and gas industry's leading integrated AFE workflow and capital tracking solution. With unparalleled levels of efficiency, control and accountability ensures AFE Navigator customers are in complete control of their capital spending process.
With each new version of AFE Navigator, our commitment to innovation is clearly demonstrated. Enhancements and new features have been or are designed to add value to the user experience in turn enabling users to focus their energy on the job without jumping through hoops.
Visit the AFE Navigator 7.2 release webpage for more information.
Dan Shikiar of Energy Navigator and Dave Howden of Red Dog Systems will be speaking at an upcoming meeting of the COPAS Colorado Technology Committee.
For more information about this event please email Dan Shikiar at dshikiar@energynavigator.com.
A comparison of the economics of a shale gas development across five North American jurisdictions places Alberta dead last. The province's royalty regime creates the least competitive shale gas environment out of five jurisdictions.
Download a copy of Boyd Russell's presentation at the January 12th SPE Technical Luncheon in Calgary, AB.
Join Boyd Russell at the January 12th SPE Calgary Section Technical Luncheon to hear insights about comparing fiscal regimes for shale gas developments across North America.