Q: Can I really cancel at any time?
Yes. You can cancel at any time during your trial period and you will not be charged.
If you cancel your account during your billing cycle, you will continue to have access to ShaleXP until the end of your billing cycle and you will not be billed again.
Q: How do I cancel?
You can cancel your account by going to your billing information by either clicking "Billing Information" on the left sidebar or clicking the icon in the top right of the page. Then click the "Cancel Subscription" link on the bottom right-hand side of the page.
Or, you can go to the cancel page by clicking this link :
https://www.shalexp.com/cancel-account
Q: Where do you obtain your data?
All data displayed on ShaleXP is aggregated from the public domain. For the most part, the data comes from the state and county regulatory agencies that oversee the oil and gas industry.
Q: How often does the data update?
All data updates are on a weekly schedule, but due to the nature of the industry, the vast majority of production data is only updated on a monthly basis. We are checking on a weekly basis for the release of the updated data.
Q: What is BOE?
BOE stands for Barrel of Oil Equivalent. Generally, in the oil and gas industry, 1 BOE is equal to 5.8 MCF of natural gas, and 1 BOE is equal to 42 gallons or 1 barrel of crude oil.
However, on ShaleXP we use a Price Based Barrel of Oil Equivalent. This means we define our ratio between oil and gas based on the current market prices, instead of the approximate energy released.
The current ratio in use is roughly 16 MCF of natural gas to 1 BOE.
Q: How do you calculate Estimated Daily Production?
For cases where the production is reported per well, we simply take the most recent production period and divide by the number of days.
For the more complicated cases where the production is reported at the lease level and the lease contains multiple wells, we apply a weighted distribution based on well test data to calculate the daily production for each well on that lease.
Q: How accurate are your production forecasts?
The short answer is : They're ballpark accurate.
We're doing a best-fit curve fit based on standard oil and gas industry decline formulas and principles. The projections are our best guess based on past production, and they're by no means perfect.
The projections do not take into account any external real-life factors such as operator performance, basin characteristics, re-drills, acreage, etc.
Q: How is the ShaleAssessment™ calculated?
ShaleAssessment™ is based on two separate methods for determing a valuation for royalty interests.
The first method is similar to the method used by county apprasial districts. We use our forecasts to estimate future production, and then we apply a discounted cash flow to that revenue estimate using discount rates as close to the industry standard as possible.
The second method is much simplier, and is what is commonly used by royalty purchasing companies when making offers. It's simply a 36 month multiple of the average estimated monthly revenue for the property.
These are not offers, and should not be used as a sole source when making real market deals.