Integrated Well Lifecycle Management Solutions
Resource Energy Solutions (RES) provides world-class energy project and cost management software designed to increase compliance, reduce risks, providing unparalleled data analytics and insights and cost control throughout the energy life cycle activities.
Resource Energy Solutions (RES)
Empowering You With Your Information™
RES helps operators organize, plan, execute, report, inspect, and make informed decisions throughout the entire well lifecycle.
Through TORC, Wellman NextGen, and AFE Manager, organizations gain visibility into operations, improve compliance, strengthen risk management, and maintain control of capital expenditures.
Well Data Management | Drilling & Completion
Drilling Data Management
Well Operations Management Software
Improve your wellsite and energy operations while staying on top of risk management and environmental, social, and governance (ESG) across the entire energy life cycle for the upstream and midstream energy sector and regulators with Resource Energy Solutions (RES). Our cloud-based energy, well, drilling, facilities, and pipeline operations data management software solutions ensure seamless data capture, dataflow, and data accessibility from anywhere – online or offline.
OVERVIEW
Managing the Entire Well Lifecycle
Energy operators face increasing pressure to improve efficiency, reduce costs, manage risk, and maintain compliance while executing increasingly complex projects.
RES solutions support:
- Well lifecycle management
- Project and activity management
- Risk and integrity management
- Regulatory compliance
- Capital expenditure control
- Reporting and analytics
- Workflow management
- Operational visibility
The result is a connected operational environment where information is accessible, traceable, and actionable.
RES SOLUTIONS
TORC – Total Operations Risk & Control
TORC provides enterprise risk management and compliance solutions designed to support well operations throughout the asset lifecycle.
Key Areas Include:
- Well Asset Management
- Well Integrity Management
- Environmental Management
- Liability Management
- Regulatory Compliance
- Risk Assessment & Monitoring
TORC supports operational activities including drilling, completion, testing, suspension, abandonment, inspections, and remediation programs.
TORC Total Operations Risk And Control
Remain competitive, operate lean, and address Environmental, Social and Governance (ESG) with TORC. TORC is an operational oil and gas risk management software platform that provides a 360-degree view of all well operations with workflow, database and reporting functions addressing:
Well Integrity
Liability
Environmental
Risk Management
Regulatory Compliance
SOLUTION SUMMARY
- Drilling
- Completion
- SCVF/GM – Surface Casing Vent Flow/Gas Migration
- Well Testing
- Suspension
- Packer Isolation Testing & Repairs
- Abandonment
- Downhole Work
- Field Inspection Response Management
- Asset & Inventory Management
Solution Overview
- Organize, plan, execute, report, inspect and make informed decisions
- Manage all critical well compliance related operations from any location
- One common regulatory reporting solution
- Improved incident prevention and reporting
- Well life cycle risk / compliance management
- Incident prevention
- Reduce production interruptions or wells shut-in due to failures or blowouts
- Better records and more accurate analysis leading to better decisions
- Lower risk of fines & penalties
- Real-time efficient reporting
All of these operational efficiencies help to bring down costs, with a more efficient and streamlined workforce making better use of the resources at hand. TORC is a cloud-based compliance software also helps to reduce costs by saving office space and storage costs; everything is digitalsly held, so there’s no need to dedicate a room to filling cabinets, or to upgrade the on-premises server on a regular basis to ensure data integrity remains intact.
Drilling and Well Lifecycle Data Management Software
Manage all your Drilling, Completion, and Well intervention operations
Wellman NextGen provides project and operational management capabilities across well construction and field development activities.
- Drilling Projects
- Completion Operations
- Well Interventions
- Abandonment Programs
- Pipeline Projects
- Facilities Projects
- Maintenance Programs
- Reclamation & Remediation
The platform delivers project visibility, workflow control, reporting, and analytics throughout execution.
Introducing the Next Generation of
Well Cost and Activity Management
Drilling and Well Lifecycle Data Management Software & Cloud Solution
Energy Industry | Green and Renewable | Oil and Gas | Geothermal | Drilling Companies
Wellman NextGen is the number one well lifecycle project, cost, operations, and data management application in the industry. This drilling and well lifecycle data management software solution provides a key reporting and cost management system that affects all aspects of your projects. Data is synched between the central office and field users. Customized reporting gives you precision that goes well beyond spreadsheets.
Drilling, Completions and Well Lifecycle Data & Cost Activity Tracking
Drilling, Completions and Well Lifecycle Data & Cost Activity Tracking
Drilling, Completions and Well Lifecycle Data & Cost Activity Tracking
AFE Manager
- Oil & Gas Edition
- Regulator Edition
AFE Manager provides capital project controls for oil and gas regulators to manage development costs for state-owned assets, developed and operated by domestic or foreign companies.
AFE Manager provides structured authorization and expenditure management processes that support project accountability and financial control.
Capabilities Include:
- Capital Authorization Management
- Expenditure Tracking
- Workflow Approvals
- Budget Visibility
- Spending Control
- Auditability & Accountability
The solution helps organizations improve governance while maintaining visibility over project costs.
AFE Manager Oil & Gas Edition
Detailed creation, by line-item, of budgets either by using built-in templates or customized to the user’s GL accounting system. Resource Energy Solutions’ AFE (Authorization for Expenditure) Manager and capital tracking software allows for increased efficiency, control, and accountability. AFE Manager provides robust internal controls over capital spending. Our oil and gas AFE software uses the Public Petroleum Data Model with N-Tier open architecture and is built on the Wellman .NET framework.
- Ability to handle multiple projects
- Ability to integrate data and functionality into the company’s accounting system
- Compare budgeted to field-cost estimates to actual costs
- Create Authorization for Expenditure effortlessly by using pre-designed templates
- Adaptable to any company process
- Create digital signatures
- User-security, add employee spending limits and a digital audit trail of approvals
- Route electronically to reviewers and approvers
- Change tracking / audit trail – compliance and database change monitoring
- Import contracts and agreements from the land registry system
- Manage non-operated AFEs
- Manage document storage easily in the AFE planning database or link to documents from your network
- Complete document management; all related documents can be stored in one place for quicker access from the office network
A comprehensive audit trail for each entry into the system aids in the compliance requirements under Sarbanes-Oxley for Canada and the United States
INDUSTRY APPLICATIONS
Energy and Renewable
Oil and Gas Industry
Oil and Gas Regulators
Resource Energy Solutions (RES)
Empowering You With Your Information™
World-class energy software designed to manage CapEx, project management, compliance and risk management throughout energy life-cycle activities.
Solutions:
- TORC
- Wellman NextGen
- AFE Manager