Patent ID: 8224783

Claim:
A management system for a hydrocarbon-producing portfolio, comprising: at least one server providing a plurality of applications to respective users, at least one of the applications generating hydrocarbon-producing portfolio data corresponding to the respective user, at least some of the hydrocarbon-producing portfolio data generated by at least one of the applications having a key parameter field therein; a database management system operatively coupled to the at least one server and storing at least some of the hydrocarbon-producing portfolio data generated by at least one of the plurality of applications and update any of the stored hydrocarbon-producing portfolio data having the key parameter field when ones of the plurality of applications modify any of the stored hydrocarbon-producing portfolio data having the key parameter field; the at least one server to serve the updated hydrocarbon-producing portfolio data to any other ones of the plurality of applications when the other ones of the plurality of applications retrieves the updated hydrocarbon-producing portfolio data having the key parameter field, the management system further updating data on a property in a real time environment based on input from multiple users using different programs for different tasks; and at least one business process model application to apply a business process model to selected ones of the stored hydrocarbon-producing portfolio data to generate modeled hydrocarbon-producing portfolio data having the key parameter field, the at least one business process model application to automatically update the modeled hydrocarbon-producing portfolio data when any ones of the selected ones of the stored hydrocarbon-producing portfolio data are updated by operation of any of the other applications; wherein the business process model comprises creating an optimized drilling schedule.