Customer Stories

Automatic Well Matching Accelerates Deal Evaluation

Learn how EnergyLink® Premium reduced the time-consuming process of well matching by 75%.

Success at a Glance

Challenges

  • Manual well matching caused delays and inefficiencies
  • Discrepancies in reconciling data from different operators
  • Evaluating high-value transactions in a timely manner
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Solutions

  • Automatic matching of well APIs to revenue and joint interest billing (JIB) statements using the EnergyLink network
  • Comprehensive and efficient portfolio management
  • Faster due diligence and execution of high-value deals
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Results

  • Reduced deal evaluation process from 20 hours to just five hours
  • Improved data accuracy
  • Quicker decision making through improved visibility into assets cashflow with nonoperated reporting
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Client Overview

Raisa Energy is a forward-thinking company with nonoperated interests in more than 15,000 wells across most major basins in the United States. Their operations involve processing more than 300 revenue checks and JIB statements monthly. The company combines their extensive well portfolio with a strong emphasis on technology, employing data scientists and software engineers. Efficiently managing and processing large volumes of data at scale is a critical component to their operations.

Challenges

The Journey From Frustration to Innovation

Raisa Energy’s challenges revolved around managing an extensive well portfolio while maintaining a commitment to technological innovation. This made the efficient and accurate matching of well data a top priority. Raisa Energy recognized the value of Enverus EnergyLink Premium as a pivotal solution to streamline their manual well matching process. Gaining access to a comprehensive inventory of well data and automating their processes drastically reduced manual data entry and improved accuracy.

Trying to match wells was a never-ending frustration in our operations, consuming hours of valuable time. With thousands of wells across multiple entities, trying to match them manually was bandwidth-intensive and inefficient. Now, the process has been streamlined for our land mapping and accounting teams. They’ve gotten so used to it that it would be potentially really hard to live without it now!
Jeff Brimhall | EVP of Accounting
Jeff Brimhall | EVP of Accounting

Solutions

Scalability Through Mass Data Processing

As a company with extensive interests spanning numerous wells and entities, scalability is at the core of Raisa Energy’s business model. The power of EnergyLink Premium’s technology allows them to aggregate wells, reconcile data and gain insights quickly to obtain a competitive advantage. It has become an indispensable tool, empowering the Raisa Energy team to propel growth and success in the energy industry.

We're engaged in high-stakes deals involving substantial investments that require timely evaluations. With a vast amount of data across many entities, the introduction of API-based well matching has been a key component for scaling our business. Mass data processing is a big part of our competitive advantage, and EnergyLink Premium has become indispensable in helping us achieve that.
Jeff Brimhall | EVP of Accounting
Jeff Brimhall | EVP of Accounting

Results

Redefining Well Matching for Operational Excellence

EnergyLink Premium reduced the time-consuming process of well matching by 75%. As Raisa Energy continues to leverage Enverus solutions, they are poised to further optimize their operations and achieve even greater efficiencies in the future.

EnergyLink Premium has transformed our processes, turning what used to be a 20-hour project into a 5-hour task. Now, our team can focus on more valuable work, and we can make faster, more accurate decisions.
Jeff Brimhall | EVP of Accounting
Jeff Brimhall | EVP of Accounting

Customer

Raisa Energy

Industry

Energy

Company Size

50 employees

Location

Denver, CO

Product Featured

EnergyLink Premium

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