Red Rock Resources and REV Management Streamline AFE & Forecasting

Driving Smarter Asset Decisions With Quorum

As AFE volumes increase and economic analysis becomes more complex, pressure on internal teams grows. Sometimes this leads to bringing critical work in house or accelerating asset evaluation without sacrificing confidence. Building on their existing Quorum environments, Red Rock Resources and REV Management strengthened their control over high-impact workflows and improved decision making across finance, operations, and planning. Take a look at how each company is making positive changes through Quorum.

Red Rock Resources Brings Critical AFE and Forecasting Processes In House

Red Rock Resources was having to outsource economic audits and forecasting reports with an increased volume of AFEs, so they needed a cost-effective solution to bring so many critical processes in house. Already inundated with Quorum’s Upstream On Demand Accounting, Well Operations, Production, and Dynamic Docs, they only needed to add Execute AFE and Val Nav to strengthen the operational approach.

Val Nav allows them to manage reserves more efficiently: it reduces forecasting time with accuracy, providing deeper insights into their development strategies and M&A activities.

Execute AFE now streamlines their complex process management, resolves data discrepancies, and optimizes their entire AFE workflow from creation to approval. They have enhanced collaboration across operations, finance, and planning.

REV Management Accelerates Asset Evaluation With Val Nav

REV Management, LLC accelerates asset evaluation with Quorum’s Val Nav. After recognizing its powerful capabilities, the team quickly saw how Val Nav could deliver the efficiency and confidence they needed.

With Val Nav, REV Management, LLC can now streamline the evaluation of Canadian assets, saving time while improving accuracy. Automated calculations provide reliable results for basin analysis and deal evaluations, so teams can assess opportunities with greater confidence and speed.

By consolidating multiple data transformation processes into a single, unified platform, Val Nav reduces the need for custom tools and manual workflows, empowering REV Management, LLC to make faster, data-driven decisions. In addition, by leveraging Quorum's Upstream On Demand Accounting, REV Management, LLC continues to grow with Quorum’s modern solutions that enhance efficiency and scalability across their operations.

The Future of Optimization

By strengthening forecasting, reserves management, asset evaluation, and AFE workflows with Quorum solutions—including Val Nav, Execute AFE, and Quorum’s Upstream On Demand applications—Red Rock Resources reduced reliance on outsourced work, while both Red Rock Resources and REV Management, LLC improved accuracy, visibility, and collaboration across teams.

Learn how Quorum’s Upstream On Demand Suite, Execute AFE and Val Nav can help your team streamline operations and make smarter decisions, request a demo today.