Monthly Newsletter
07/08 Update CD

OWL Has the Tools “To Do the Job”

 

Use this Update CD ASAP to help your company’s E&P team get an important part of the data they need to “build a great E&P program”. An easy-to-use Setup program has been included on the CD to help you update. It is important that you run this update outside normal office hours.  The Setup program must be used to update the OWL6 database.  Please run the update: (1) on a computer that has OWL6 and (2) when OWL6 is not in use on your computer network.

 

Network Supervisors should check for active OWL users via the OWL6   Administrator   program  (Admin6.exe)  in  the  Lexco  directory. Click  on  the Active Users tab for a listing of people  using OWL6.  Look at the date listed to the right of the OWL user’s network ID.  If the date listed is not today’s date, the user exited improperly from OWL and is probably not actively using OWL. If you have problems running the Update, call  Lexco for technical support.  Do not uninstall OWL.

 

The Setup program will not run if the OWL6 program is in use. Let the Setup program run until the Finished message appears. You will know that the update has been successful if the date 7/30/2008 is seen on the lower right hand side of the Entry Screen and to the right of the Lexco copyright statement.        

The 7/2008 OWL Update contains Lease, Well and Production data that reflect MMS computerized records in late July 2008.  This update includes final Phase 2 lease approvals and MROV figures for OCS Sale 206.  At the end of July, most Lease and Well production data were available through 5/2008.  

Did you know that the OWL Bid Screen and Bid Report contains the official value of the Phase II tract evaluations after each OCS sale?   The MMS  evaluates all of the tracts that receive bids for a Sale and makes detailed evaluations of what it considers the highest value tracts (Phase II tracts).  The Phase II tracts are assigned a minimum value which is termed the “Mean Rate of Value” or MROV.  OWL has MROV figures for all OCS Sales from 1985 to present.