DALLAS, Sept. 14, 2011 /PRNewswire/ -- OGRE Systems, Inc., a global leader in oil and gas reserves and economics technology, today announced the release of pyxis Suite version 4.0. pyxis Suite 4.0 provides the most powerful reserve and economic software on the market today, coupled with built-in tools such as Probabilistic Analysis, Reserve Tracking, Volumetric Mapping, and Field Development Planning positioned at various price points based on need.
"We have been aggressively expanding our software technology in the last four years to expand the analysis tools we offer beyond economics and reserves," said Kirk Hanes, CEO and president. "The majority of companies around the world have been using tools developed in the '90s with very few updates based on regulatory changes and new evaluations methods. pyxis 4.0 includes these features, while providing a user-defined modeling tool which eliminates the need to export data into spreadsheets or other third party tools to complete the analysis correctly."
The pyxis 4.0 Suite is designed to allow for integration as a component of the company's workflow. The ability to store input and output data in Oracle, SQL, MySQL or H2 format allows companies to maintain data integrity across departments by sharing single source information while adding economic based decision making to all aspects of the development and evaluation process.
"With regulatory changes in reporting of reserves, it is now critical that companies can articulate all reservoir categories and their plans for extraction," said Mr. Hanes. "pyxis provides a systematic approach to determining those reserves, five year development planning and secure tracking of all reserve changes over time, so history can be recalled rather than try to be reproduced."
OGRE Systems, Inc.:
OGRE Systems is a global provider of reserves evaluation and management solutions. For over three decades OGRE Systems has been recognized as a trusted industry standard by multiple industry segments: small, medium and large independents, majors and super-majors, as well as national oil and gas companies.
Andrea West, Marketing Manager
OGRE Systems, Inc.
SOURCE OGRE Systems, Inc.