MOSAIC

What do you like best?

The ability to forecast production is very simple and efficient. The program allows many different ways to forecast depending on the type of property. Running reports is easy and they provide very valuable economic results, which help our company make decisions. Mosaic support is very good and their training courses are helpful when getting started

What do you dislike?

In the latest version, grouping wells in a production plot and normalising them on peak rate or time zero tends to give some odd results. If including multiple vintages (mixture of, say 2015 wells with 2017 wells), the 2017 wells seem to show up as zeros for the first two years, lowering the average). So it seems like the normalisation is off. Other than this issue, the program is great

What problems are you solving with the product? What benefits have you realized?

We run all of our economics in Mosaic and evaluate business projects. We can easily compare one project to another to best satisfy our business needs.