Enersight allows companies to customize many elements of the economic calculations and inputs as part of the model. Economic models consist of operating cost definitions, capital definitions and chosen Enersight calculations.
The Enersight-chosen calculations include Land, Royalty and Tax elements to reflect the jurisdiction that the model is to be used for. Multiple Royalty Models may be incorporated within the chosen calculations to support multi-regime scenarios, such as where scenarios cross state boundaries or where a single corporate model is desired.
Economic models can only be modified by company admins, however any user can copy an existing economic model and make changes. The economic model editor can be accessed by going to Administrator > Economic Models.
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Once an economic model has been created, it must be applied to the project. The economic model can be applied in the Project Settings window. Should multiple royalty regimes be defined within the model, the chosen model needs to be defined on a well by well basis along with the other inputs.
