... a much needed product for the upstream Oil & Gas space ...
WellWorth has put together a much needed product for the upstream Oil & Gas space. WellWorth fills the gap perfectly between ARIES and Excel. It takes the black box that ARIES can be for finance teams and seamlessly puts it into a well thought out financial model that easily allows for scenario changes, input changes, and returns analysis.
The interface is intuitive and the uploading/input features have great front end data validation that save you from making a mistake.
Lastly, the team at WellWorth continues to impress me with their responsiveness to questions and help with the product as well as their energy and thoughtfulness to improve their product. We have been pleased with both the product and the WellWorth team.
Tyler Eckert
Senior Business Intelligence Analyst, Novo Oil & Gas II
... 10/10 would recommend ...
WellWorth has proven to be an invaluable tool for our team, enabling us to evaluate potential deals quickly and efficiently while developing a comprehensive corporate financial view with minimal effort.
The ability to adjust debt and equity parameters in real-time allows us to accurately model future cash needs. Running multiple scenarios, whether related to pricing, production, capex/opex, hedging, and more, has never been more seamless.
The platform operates far more efficiently than traditional spreadsheets and delivers all the necessary data for thorough project evaluation. It has also relieved the burden of our reservoir team providing multiple outputs at different price sensitivities/schedules.
The excel add-in has allowed me to seamlessly carry-over our branding and formatting that our sponsors are used to seeing.
Even more impressive has been the support of the WellWorth team. Their guidance has been instrumental in helping me, someone without a formal finance background, become familiar with financial terminology and modeling practices. Their responsiveness and expertise has made the adoption process both smooth and highly effective.
10/10 would recommend.
Scott Trackwell
CFO, New Height Energy
... has truly transformed our approach to financial modeling ...
WellWorth has truly transformed our approach to financial modeling. The platform's intuitive design allows us to quickly generate forecasts, evaluate various development scenarios, and enhance both A&D and corporate workflows.
It has become an integral part of our processes, giving us a clear view into our development plan under a variety of assumptions. This dynamic analysis has significantly improved the accuracy and reliability of our financial decision-making.
The WellWorth team has been highly engaged from the start, getting us set up quickly and continuing to provide reliable support whenever we need it.
Casey Morton
Petroleum Engineer, MCM Energy
... I honestly can't imagine doing my job without it ...
WellWorth has become an indispensable tool in my day-to-day work. I honestly can't imagine doing my job without it. The time it saves allows me to focus on analysis rather than tedious manual updates.
Its ability to be updated easily and quickly with engineering inputs from PHDwin or ComboCurve has been crucial to our decision-making process.
The roll forward functionality has been particularly valuable, automatically doing what used to take hours to do in excel.
WellWorth has significantly enhanced my ability to provide accurate and insightful financial projections, making it a must-have for informed decision-making in oil and gas.
Keith Schetne
CFO, Wasatch Energy Management
... a product that is an integral tool for our business ...
WellWorth has significantly streamlined our financial modeling and portfolio management processes.
Engineering data inputs are simple to import, outputs are easily visualized through the dashboards, and the Excel add-in export allows for seamless data sharing to third parties.
With a very small team we can quickly model A&D opportunities, cash budgets, RBLs, and run multiple return scenarios with just a few clicks.
The WellWorth team has been extremely responsive to our specific needs and created a product that is an integral tool for our business.
Kyle McQuire
President & COO, Peak 10 Energy
... WellWorth team has been extremely proactive and responsive ...
WellWorth is a very well-thought-out software and has continued to integrate itself into our organization. It gives us a way to peek into the ARIES assumptions without going back and forth with the engineering team.
The WellWorth team has been extremely proactive and responsive to adjust the software to fit our workflows and deliverables.
In particular, the ability to adjust development plans quickly and to see well-level forecasts / valuation data real-time is very unique and dynamic for our organization.
I would highly recommend the product, particularly for an upstream company that is trying to be efficient with G&A and deliver financial partners and stakeholders with dynamic analysis.
Steven McRaith
Senior Financial Analyst, Grayson Mill Energy
... an advanced financial modeling and engineering solution with modern capabilities ...
WellWorth provides us with an advanced financial modeling and engineering solution with modern capabilities.
We use it for both one-off analyses and also in our in-depth monthly forecasting workflows, taking advantage of its speed, depth, and flexibility.
It allows us to streamline our financial modeling, taking in a range of inputs and different methodologies from multiple teams and then outputting back to the organization with every detail and summary we need.
Kevin P. Darcy
VP, Wasatch Energy Management
... It is the ComboCurve for financial planning and corporate development ...
After working at a public E&P and a private equity backed E&P, we experienced the struggle of complicated excel financial models. Miscommunication between teams. Engineering & Finance sending countless runs back and forth, one hand not quite sure what the other was doing behind the curtain.
We dove into WellWorth for a simple, clean financial model, easy to run price and cost sensitivities.
It is the ComboCurve for financial planning and corporate development.
The clean visuals and excel outputs allow for better communication with our lenders and equity partners. Management is better equipped to understand working capital needs, draws & distributions.
Case Studies
WellWorth helps streamline the Financial Modeling workflow at Peak 10 Energy.