The oil and gas industry thrives on data, the overwhelming majority of it generated during exploration-drilling-completion-production cycles. But vast amounts of publicly-available data can provide valuable insight to guide a producer’s economic and operational strategy. Today, access to a wide range of relevant data in the oil and gas industry is proving to be as…
During hydrocarbon exploration and development operations, vast amounts of subsurface data are collected and generated. The amount of disparate data collected makes it difficult to obtain subsurface data management for precise decision-making. The accuracy and timeliness of the decision process can be greatly enhanced using software capable of viewing all data in a single platform.…
Drilling and completion operations are commonly the most expensive phases in developing hydrocarbon assets. Successful completion requires collaboration among geophysical, well planning, drilling, and completion teams. Using their respective software tools and data, each team contributes to the overall plan and execution to reach the target and maximize recovery. With good reason, we can claim…
With so many oil and gas software applications and so much multidisciplinary data to analyze, it can be cumbersome sharing vital information across disciplines. Many have found a solution in the collaboration of data visualization software, Python, and Jupyter Notebook, which makes it easier to organize data and share and document custom workflows. Achieving Data…
In our close collaboration with asset teams, we’ve noticed three oil and gas technology trends, all related to the role of data in helping increase economic returns from hydrocarbon assets. The instrumentation of assets involved in the exploration and production generate significantly greater volumes of detailed geophysical and operational data than ever before. Geoscientists are…
Hydrocarbon bearing reservoirs are complex entities. Geoscientists understand that successful recovery requires detailed knowledge of an environment that is often hidden and remote. Obtaining the most accurate understanding of these resources requires the integration of data from many different sources in many different forms to create a reservoir model that accurately characterizes the physical rock…
In the wake of the shale oil boom in the United States, drillers are encountering unconventional reservoirs that require sophisticated strategy. While 95% of U.S. drilling rigs can perform horizontal drilling that, together with hydraulic fracturing, is essential to liberate shale resources, drillers need impeccable drilling technology and precise software that will utilize comprehensive geological…
From interpreting seismic surveys that identify the most promising hydrocarbon resources to monitoring daily fluid and pressure metrics, there are dozens of factors and activities that impact oil and gas production. Yet, the biggest challenge for asset teams is finding the means to holistically evaluate these factors, explore their interdependencies, and make modifications to optimize…
Asset teams understand why regulatory compliance in the oil and gas industry is crucial to successful business operation and yet, many companies find themselves on the wrong end of compliance due to mistakes that could’ve been avoided with accurate analysis beforehand. In 2018, one of Colorado’s second-biggest drillers by oil volume, incurred a $1.6 million…
Seismic surveys and greater computational power are allowing operators to acquire, process, and interpret geologic data more cost-effectively and provide increasingly detailed information regarding fault distribution and subsurface structures. Iterative seismic surveys conducted during the course of oil field production provide additional benefit in revealing subsurface changes that guide reservoir characterization and modeling, as well…