Case Study: Obsidian Energy cuts well forecasting time from 5 hours to 15 minutes with Quorum Software’s Val Nav

How Val Nav helped an energy company automate forecasting processes, eliminate potential errors, and increase shareholder value

Obsidian Energy, an intermediate-sized oil and gas producer, faced a challenge with its manual monthly well forecasting process. This task, which involved repetitive data entry for over 200 wells, took approximately five hours to complete and was prone to human error. This inefficiency diverted engineering resources from more valuable strategic work aimed at increasing shareholder value. They turned to Quorum Software and its Val Nav solution to address this issue.

By implementing Quorum Software's Val Nav, the company automated its forecasting workflow. The software's data import tool eliminated manual entry, slashing the monthly process from five hours down to just fifteen minutes. This not only created massive time savings but also removed the potential for errors. The efficiency gains allowed Obsidian Energy's engineers to re-focus on high-value optimization projects and better prove ROI to secure funding for future initiatives.

Obsidian Energy

Jennifer Baji

Business Analyst