Printer Friendly

PETROLEUM INFORMATION AND THE SCOTIA GROUP INTRODUCE PROAC OIL AND GAS PROPERTY ACQUISITION SOFTWARE

 PETROLEUM INFORMATION AND THE SCOTIA GROUP INTRODUCE
 PROAC OIL AND GAS PROPERTY ACQUISITION SOFTWARE
 HOUSTON, Nov. 12 /PRNewswire/ -- Petroleum Information Corp. (PI), in a joint venture with The Scotia Group, Dallas, has introduced the first intuitive software package that proactively screens and evaluates producing oil and gas properties being considered for acquisition.
 Based on PI's extensive production database, the most comprehensive in the country, the DOS-based PROAC package provides users with a cost-effective and easy-to-use tool for evaluating oil and gas producing properties, including financial and cash flow data. PROAC provides data on properties which are for sale, and those which have not been placed on the market, allowing users to "proactively" screen reservoirs or operated production.
 Designed for use by petroleum engineers and landmen, financial analysts, planners, loan officer and brokers, PROAC provides annual and cumulative gas and crude production figures indexed by field and operator, along with a series of preliminary economic evaluations, including return on investment and rate of return. Comprehensive detailed analysis of specific properties is available from The Scotia Group.
 The first data subset series of PROAC is currently available, covering all of the Railroad Districts in Texas. Reservoirs including more than 250,000 producing oil wells are contained in the package. Additional data subsets covering other producing states are expected to be released beginning early next year.
 PROAC is available only as a licensed product. Additional information can be obtained by contacting a local PI account manager, or calling Jerry House, manager of production services, at PI's corporate headquarters in Houston at 713-961-5660 (Fax: 713-961-3164).
 Petroleum Information, a 60-year old firm, is the world's largest oil and gas information management company, with offices throughout the United States as well as in Calgary, London and Perth. PI offers reporting services, data and data analysis services, seismic data and training, maps, land and lease data, and a variety of other exploration and production services to the petroleum and related industries.
 The Scotia Group is an independent oil and gas advisory firm specializing in reservoir engineering, reserve evaluation and economic analysis. Scotia's clients include major and independent oil companies, banks, financial institutions and the legal community.
 -0- 11/12/92
 /CONTACT: Jerry House of Petroleum Information, 713-961-5660/ CO: Petroleum Information Corp.; The Scotia Group ST: Texas IN: OIL CPR SU: JVN


MC -- DV002 -- 0192 11/12/92 12:44 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 12, 1992
Words:393
Previous Article:SCIENTIFIC MEASUREMENT SYSTEMS ANNOUNCES AGREEMENT WITH U.S. GOVERNMENT
Next Article:PACIFIC FIRST BANK TO SWAP BRANCHES WITH GREAT WESTERN
Topics:


Related Articles
PRICE WATERHOUSE-INNOVATIVE BUSINESS SOLUTIONS, INC. ALLIANCE OFFERS FULLY INTEGRATED PETROLEUM LAND, PRODUCTION AND REVENUE SYSTEMS
MAGNUM COMPLETES PRODUCING PROPERTY ACQUISITION
IHS Group Acquires Petroleum Information / Dwights
Petroleum Place Announces Definitive Agreement To Acquire Paradigm Technologies, Inc.
Petroleum Place Signs Definitive Agreement To Acquire Applied Terravision Systems Inc.
PanCanadian and ABB in Canada join forces to deliver cost saving software to oil and gas industry.
Seitel Acquires the Software of Canadian Based EDM Products Inc., Leader In Data Management Software to the Oil and Gas Industry.
Paradigm Technologies Facilitates Data Transfer Resulting From Marathon Oil Company's $993 Million West Africa Acquisition.
P2 Energy Solutions Announces Merger of Tobin International and P2 Energy Solutions; The Addition Brings P2 Energy Solutions an Expanded Suite of...

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters