OGRE Systems

What OGRE Systems does

OGRE Systems LLC is a Dallas, Texas-based private software company founded in 1983 that develops the R3 Software Suite, a modular petroleum economics and reserves management platform serving upstream oil and gas operators, banks and financial institutions, oil and gas consulting firms, and national oil companies and government agencies. The suite comprises three core offerings — R3 Economics (decline curve analysis, probabilistic Monte Carlo reserves estimation, break-even and sensitivity analysis), R3 R2R/Resources to Reserves (integrating geologic, geophysical, and well log data with volumetrics and drilling program planning), and R3 Professional (fully-integrated bundle) — augmented by three add-on modules: R3 Model Builder (custom fiscal regime modeling with 77+ pre-built country models across 7 regime types including PSC, Concession, Royalty Tax, and Corporate Income Tax), R3 Visual Analytics (Tableau-powered BI dashboards and storyboards), and R3 Volumetrics. The platform supports PRMS, SEC, and UNFC compliance frameworks and integrates with data vendors including IHS, Drilling Info, Lasser, and TGS.

The company monetizes primarily through annual software license subscriptions, with pricing disclosed only after a free demonstration; short-term evaluation licenses are offered prior to purchase commitment. Distribution combines direct enterprise sales from Dallas with a channel partner model covering Brazil (InVisionGeo), China (ApexApex), Ukraine (Brend-Vik), Middle East/North Africa, and Southeast Asia (Richgeo Ventures), with partners being oil and gas consulting firms providing localized implementation support. Marketing is conducted through technical content, webinars, partner-driven customer introductions, and SEO-optimized product pages.

The firm operates with 11-50 employees, has no external funding rounds, no public listing, and no disclosed acquisitions. Leadership includes CEO Greg T. Hibbard and founder Mark Weber. Customer references publicly visible are largely drawn from the channel partner ecosystem itself (e.g., Brend-Vik, Richgeo Ventures), limiting independent validation of installed base scale.

Name

OGRE Systems

Legal name

OGRE Systems LLC

Website

https://ogresystems.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

OGRE Systems LLC builds the R3 Software Suite, a modular petroleum economics and reserves management platform used by upstream oil and gas operators, banks, consulting firms, and national oil companies for production forecasting, fiscal regime modeling, and PRMS/SEC-compliant reserves reporting.

Ownership category

akta.pro rank

Product category

Petroleum Economics Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Natural Gas Risk Management, Analytics & Back-Office (ETRM/CTRM) (EUAGAGAJ)

Keywords

• Petroleum economics software
• Reserves management software
• Oil and gas economics
• Decline curve analysis
• Fiscal regime modeling

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Licenses and Subscriptions: Annual or multi-year software licenses for R3 Suite products. The software is offered in modular packages: R3 Economics (core), R3 R2R (with Volumetrics), and R3 Professional (full suite with all add-ons). Additional add-on modules include Model Builder and Visual Analytics available separately.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

OGRE Systems develops and licenses the R3 Software Suite, a modular petroleum economics and reserves management platform used by oil and gas operators, financial institutions, and consulting firms. The suite combines production forecasting (decline curve analysis), probabilistic reserves evaluation (Monte Carlo simulation), volumetric mapping, fiscal regime modeling, and BI-driven visualization to support the full resources-to-reserves lifecycle under PRMS, UNFC, and SEC standards.

Product overview

OGRE Systems offers the R3 Software Suite - a modular, platform-plus-modules architecture for petroleum economics and reserves management. The core products are R3 Economics (production forecasting and financial analysis), R3 R2R (Resources to Reserves with geologic integration), and R3 Professional (comprehensive integrated platform combining all modules). These are enhanced by three add-on modules: R3 Model Builder (fiscal regime modeling with 77+ country models), R3 Visual Analytics (Tableau-powered BI/dashboarding), and R3 Volumetrics (volumetric well planning). The suite supports PRMS, UNFC, and SEC compliance standards.

Differentiator

Problem solved

Functional benefit

Brands

• R3 Software Suite: Modular petroleum reserves economics software platform including R3 Economics, R3 R2R, R3 Professional, R3 Model Builder, R3 Visual Analytics, and R3 Volumetrics.
• R3 Economics
• R3 R2R (Resources to Reserves)
• R3 Professional
• R3 Model Builder
• R3 Visual Analytics
• R3 Volumetrics

Products and services

• R3 Economics Core product of the R3 modular system delivering production forecasting and the financial information essential for risk analysis and optimizing cash-flow from drilling programs. Includes decline curve analysis tools, economic evaluations, and stochastic analysis capabilities for oil and gas operators managing conventional and unconventional assets.
• R3 R2R (Resources to Reserves) Integrated tool for appraisal and development planning of onshore, offshore, conventional and unconventional resources. Includes all R3 Economics functionality plus geologic, geophysical, and well log integration for creating structure maps, volumes (P1, P2, P3), and initial drilling programs.
• R3 Professional Fully-integrated platform combining R3 Economics, R2R, ModelBuilder, Visual Analytics, and Volumetrics modules for comprehensive reserves and economics management with volumetric mapping, decline curve analysis, and visualization, focused on client workflow flexibility and customization.
• R3 Model Builder Add-on module enabling users to build custom fiscal regimes or migrate from Excel. Includes an international fiscal regimes library with PSC, Corporate Income Tax, Royalty Tax, Concession, Service Contract, and over 77 country models across 7 fiscal regime types.
• R3 Visual Analytics Business intelligence tool powered by Tableau for data visualization and analytics. Converts reserve and economic datasets into intuitive dashboards and storyboards, with capabilities for mapping, type well profiles, production performance, reserve-based loan analysis, and economic analysis with interactive What-if capabilities.
• R3 Volumetrics Volumetric well planning add-on module for calculating in-place volumes of target gas and mapping drilling plans over time. Supports oil, gas, shale gas, condensate, and coalbed methane volumetric calculations with PRMS-compliant classification, classifiable bearing areas, net pay thickness isochor mapping, Kriging interpolation data generation, and 5-year drilling plan mapping.

Quantifiable outcome

• 100% of R3 customers report that technical analysis results export easily from the software, compared to competitors where over 50% of users require additional software.
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature7 records

Partnerships

Four partnerships are on record, tiered regional.

• Richgeo Ventures (RGV)regionalChannel Partner/ Reseller/ Distributor · 1 October 2022Malaysia's leading oil and gas consulting organization, serving as newest reseller for Southeast Asia region. Founded by CEO Dato' Jalil Muhamad with 20 years industry experience and expertise as former Subsurface Head for major OGSE company in Malaysia. Manages business development for Malaysia, Indonesia, Thailand, and SEA markets. Manages 30+ FDP/FFR/Resource Assessment and Development projects.
• Brend-VikregionalChannel Partner/ Reseller/ Distributor · 25 June 2021Ukraine's leading oil and gas consulting organization founded by CEO Dmytro Kostenko with 24 years industry experience and Ph.D. in Geology. Provides seismic survey design, processing, interpretation, reservoir modeling, and geological-economic evaluations. Territory partner covering Ukraine market with R3 R2R and R3 Visual Analytics implementations. Company has performed valuations verified by leading international valuation firms for assets on international exchanges.
• InVisionGeoregionalChannel Partner/ Reseller/ DistributorBrazil-based local partner offering R3 Software expertise within Brazilian time zone. Oil and gas consulting organization providing localized sales and support services.
• ApexApexregionalChannel Partner/ Reseller/ DistributorChina-based local partner providing R3 Software sales and support within Chinese time zone. Oil and gas consulting organization with regional market expertise.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• SLB Petrel (Schlumberger): SLB's Petrel and related E&P software suites provide geological modeling and reserves workflows overlapping R3 R2R, especially at large integrated operators.
• IHS Markit (S&P Global) Energy Software: S&P Global (formerly IHS Markit) provides Harmony, Kingdom, and Petra upstream software covering reserves and economics workflows. It competes with OGRE from a much larger portfolio position and is a data vendor OGRE integrates with.
• Landmark Software (Halliburton): Halliburton Landmark's DecisionSpace portfolio (geoscience, drilling, production) competes with the upstream portions of R3 R2R and Volumetrics as part of a much broader integrated E&P platform.
• Enverus (formerly Drilling Info / RS Energy Group / P2 Tobin): Enverus offers SaaS analytics, reserves management, and forecasting tools for O&G operators and investors. It is both a data vendor integrated with R3 and a broad incumbent competitor in upstream economics and well planning.

Direct peers

• Quorum Software: Quorum provides a broad suite of O&G software including reserves, production, and economics modules used by operators and upstream-focused financial institutions, competing head-on with R3 in the reserves economics workflow.
• Peloton Computer Enterprises (Vertice): Peloton provides reserves, production, and well-data management software for operators and reserves auditors, directly competing with the data-management and reporting functions of R3 Economics and Professional.
• Merrick Systems: Merrick provides integrated reserves management, production forecasting, and petroleum economics software (e.g., ProCount, Accumap) directly competing with OGRE's R3 Economics and R3 Professional for the same upstream operators, banks, and consulting firms.
• P2 Energy Solutions: P2 Energy Solutions offers upstream accounting, reserves, and land management software (TOGS, BOLO, P2 Land) serving oil & gas operators and reserve-based lenders — the same buyer personas OGRE addresses with R3 Economics and Visual Analytics.

Emerging players

• ROGII (StarSteer / Solstice): ROGII offers directional drilling, geosteering, and well-planning software with cloud-native visualization, an emerging competitor to OGRE's volumetric and visual analytics modules from a modern SaaS architecture.
• Petrosys: Petrosys delivers integrated subsurface, surface, and economics mapping/visualization software for E&P companies. Its volumetric mapping and reserves reporting overlap with OGRE's R3 Volumetrics and R3 Visual Analytics modules.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/1121437
• Xx.com/ogresystems
• Facebookfacebook.com/ogresystemsinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OGRE Systems