Our in-depth focus of price-rig effects on conventional oil production allows us to forecast well-level production for an all-inclusive, industry-level forecast. - Jodi Quinnell, Genscape’s oil product manager.
Houston, TX (PRWEB) November 12, 2013
Following the 2012 acquisition of Spring Rock Production, a leading crude oil and natural gas production forecasting company, Genscape continues to take supply-side analytics to the next level with the launch of its Canadian Crude Oil Production Forecast. The introduction of Genscape’s dynamic forecast is timed well with the soaring production of Canadian Crude and the increasing investment in new projects, pipelines, and other infrastructure. The forecast helps industry analysts understand the impact of growing production in the oil sands and conventional/unconventional producing areas, allowing them to confirm in-house analysis, bridge information gaps, and improve overall accuracy.
The Canadian Crude Oil Production Forecast delivers a detailed, three-year forecast with expert analysis on production changes and future expectations, including all historical and forecasted production data every six weeks.
By focusing on well-level production, project-level changes in production, newly permitted capacity, and the relationship between crude bitumen production and upgrader feedstock, Genscape has created the leading forecast for superior coverage of the Canadian oil industry with a focus on world-class oil sands projects.
“Our in-depth focus of price-rig effects on conventional oil production allows us to forecast well-level production for an all-inclusive, industry-level forecast,” said Jodi Quinnell, Genscape’s oil product manager. “This is something completely new to the industry and adds another level of insight into the North American oil supply chain.”
The forecast is organized by crude supply type, combining Alberta Energy Regulator data, provincial well data, and recent financial reporting to provide a comprehensive estimate of Crude production in Canada. Forecast models are broken down by province with coverage of the oil sands upgraders, major in-situ projects, and provincial-level unconventional/conventional oil production, greatly enhancing Genscape’s model focus and accuracy.
Join Genscape on Wednesday, November 19 at 2PM EST for “Forecasting Canadian Crude Oil Production from the Ground Up,” a complimentary webinar featuring Carl Evans, oil market analyst, and Jodi Quinnell, manager of oil products. Register for the free webinar here: http://info.genscape.com/canadian-forecast-webinar.
To learn more about the new Canadian Crude Oil Production Forecast, or to request a one-on-one expert consultation, visit: http://info.genscape.com/canadian-crude.
Genscape is the leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities, flow and utilization for all major energy commodities. With thousands of sophisticated energy monitors strategically deployed all over the world, Genscape is unique in its ability to measure and collect energy market fundamentals. These “measured actuals” are then transmitted to clients in real-time or near real-time. Genscape clients often gain first-mover advantage and increased market transparency to better optimize their positions. For more information, please visit: http://www.genscape.com.
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