Our primary product is RiskWell_Gulf: a leading edge drilling risk model that enables exploration companies to easily and accurately estimate the number of days required to drill a well in the Gulf of Mexico. Providing both a point estimate and a Risk Range, it's a tool that enables exploration companies to objectively quantify drilling risk. Most companies only quantify the reserve portion of the risk equation. Others use the outdated Monte Carlo simulation method to analyze drilling risk. RiskWell_Gulf enables companies to quantify the drilling risk portion with extreme accuracy, allowing them to: > Improve the rate of return on their risked capital. > Optimize the ranking and selecting of wells and projects to drill. > Increase the productivity and effectiveness of drilling engineering staff. > Improve the accuracy of drilling estimates. > Accurately Benchmark against competitors. RiskWell_Gulf is unique and proven. It explains over 90% of the variance in drilling days. RiskWell is currently using BlackBox to develop risk management tools for the power industry. These tools will provide a Mean Time to Failure estimate and a confidence interval, enabling utility companies to better allocate their maintenance expenditures on their critical equipment. They'll know where to spend their maintenance dollars, or have the confidence to not spend them at all. More accurate predictions on machine failure will result in cost savings, less risk and improved system performance. We are always looking for new applications for RiskWell Systems. The BlackBox engine is applicable wherever risk is present. Please contact us for more information.
	All our products are powered by BlackBox, our statistical engine that optimizes the functional form of our risk models. BlackBox utilizes non-parametric and semi-parametric approaches to forecasting, which are superior to traditional statistical methods. In other words, BlackBox provides estimates that are more accurate than any traditional model, including Monte Carlo simulation and multiple linear regression modelling. We provide risk management consulting services designed to complement our products. Using tools such as FMEA (Failure Mode & Effects Analysis) we work with your team to increase its focus on risk management. Your results will improve and your variance of actual versus planned performance will be reduced.