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Value Navigator 4.8 Overview
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Value Navigator 4.9 Now Available
Refine the art of decision making with Value Navigator, Energy Navigator's 6-in-1 integrated engineering, economic, budgeting, and reserves management tool.
With each new version of Value Navigator, our commitment to innovation is clearly demonstrated. Enhancements and new features are designed to add value to the user experience in turn making users more valuable to their organization.
Value Navigator 4.9 includes many valuable new features features and direct customer requests in these areas:
We will be hosting New Version seminars and AB Royalty specific seminars in the near future. If you are interested in being notified with seminar content and schedules please email Value Navigator support at support@energy navigator.com.
Forecasting
- Choose between a nominal or effective decline to personalize your work flow. The nominal decline is the instantaneous decline, whereas the effective decline is the decline over the time period, usually one year.
- Forecasting inclining segments is now easier in Value Navigator. This enhancement specifically addresses wells, such as a CBM scenario, where an inclining production rate is likely.
- You now have the option to rename your wells if the vendor ID provided does not work with your internal Well ID nomenclature. Renaming Well IDs will not interfere with importing or updating of data.
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Economics
- Choose to accumulate tax pools rather than apply them to a particular fiscal year. This feature is especially valuable to royalty trusts for scheduling of tax pool accumulation before the 2012 tax changes.
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Budgeting
- Custom Budget Fields -
New custom fields called Budget fields are unique to Reserves Category and Status for increased granularity of your data. Use the Text, Number and Date fields to flag data or filter custom reports.
- Bulk Well Scheduler -
This highly anticipated feature enables you to quickly create a program of wells based on one prototype. Use the simple multiplier to add more than one well. This sets up as a Group, which can be broken without losing costs.
- Select Your Title Fields -
Decide which fields will be visible on the information tab; even the new custom budget fields.
- Export to AFE Navigator -
You can now seamlessly import project economic data into AFE Navigator to quickly associate project viability with your individual AFEs.
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Reserves
- Reserves and Change Management menus have been separated.
To distinguish between reserves functions, and change management, which may be used in budgeting or A&D database, the Reserves and Change Management menus have been separated for added convenience.
- Quickly identify wells with change records indicated by italicized font in the Reserve Category. Easy identification coupled with Value Navigator's automated change record functionality makes Value Navigator unique to other solutions.
- Administrators can now immediately identify current users of individual cases by using the “Show Current Users” function in the Administration menu. Administrators will save valuable time with the ability to pinpoint users who may have neglected to log out of a case.
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Risk and Uncertainty
- Export decision trees from your database to reuse the entire tree or just the tree structure. Save the decision tree export as a template for future use or to share with other users.
- A Supply Cost Calculator has been added to the Risk and Uncertainty tool box. Calculate the “break-even” price for a project or group of projects to compare projects for price sensitivity.
- Results of any scenario in Well Views | Economics can now be displayed in formats similar to other Tab views rather than just spreadsheet format.
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Reporting
- Enhancements to Custom Reports -
Additional data is available in the custom reporter, such as economic detail information and “In Hierarchy” information. Folder level reports have also been added, and a description can be saved with the report definition. A Multi-currency Parameter has been made available for Custom Reports.
- Changes to Reports -
Improvements to the Change Summary report will generate the report more quickly. The Well Reserves Summary report now always displays the volumetric information. The U.S. After Tax report has been enhanced to show tax pools and depreciation values in more detail.
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Royalty Changes
- View the most up to date Alberta Royalty Framework information on the Alberta Energy website.
- Four Par Prices - The April 10th, 2008 program update included the creation of four Par Prices versus the previous two. This requires a change to price files.
- New incentives for deep oil and deep gas drilling. These incentives have been added to Economics | Interest & Royalty | Interests - no calculation changes will be seen upon upgrade.
- Alberta Energy has indicated that the Average Daily Production (ADP) used to calculate the royalty rate percent will use the raw natural gas producing daily rate of a well:
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Average Daily Production:
 = Total gas production in the month 
 = Total number of hours producing during the month 
For more information on AB royalty framework and Price files, visit the Value Navigator documentation webpage on the client login website.
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For more information or to arrange a product demonstration, please contact an Energy Navigator representative at: (403) 233-9400 or info@energynavigator.com.
Click here to download a printable brochure for Value Navigator. |
