Oil & Gas Upstream Pro Forma
Energy Excel Template (Free Download)
Project upstream production, decline, realized prices, operating costs, drilling capital and cash returns from field assumptions.
professionals from Deloitte
About this pro forma
The full upstream Excel model drives the pro forma from well inventory, drilling cadence, type curves, production decline and realized oil and gas prices into field revenue. Royalties, severance taxes, lifting costs, gathering, abandonment, development capex and working capital remain linked.
Use the projected outputs to evaluate drilling programs, commodity exposure, reserve development and capital allocation. E&P teams, lenders, investors and analysts can stress prices, decline, well timing and cost inflation.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Oil & Gas Upstream Pro Forma
- Well inventory, drilling schedule and production ramp
- Oil, gas and NGL volume projections
- Decline curves, realized prices and hedge scenarios
- Royalties, taxes, lifting and transportation costs
- Development, sustaining and abandonment capex
- EBITDA, free cash flow, DCF and project-return outputs
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What drives upstream revenue?+
Well count, production profiles, commodity volumes and realized prices determine projected revenue.
Can I stress commodity prices?+
Yes. Oil, gas, NGL and hedge assumptions flow into revenue, cash flow and valuation.
Are decline curves included?+
Yes. Well-level production decline and drilling timing shape the field forecast.
Who uses this pro forma?+
E&P operators, lenders, energy investors and analysts use it for development and capital decisions.
Have more financial modelling questions? Contact us
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