TULSA, Okla., July 2, 2020 – Stonebridge Consulting, a leading provider of business advisory and technology services for the energy industry, today announced the completion of a year-long digital transformation initiative for a South Texas-based oil and gas company.
The client, an integrated oil and gas company with primary operations in the Permian, had entrusted Stonebridge to guide its efforts to increase the efficiency and effectiveness across the enterprise, from the field operations to the back office and IT.
The project began with a digital readiness assessment to evaluate the data management and system needs of the organization, identify gaps and recommend next steps, and design a strategic roadmap to guide the company’s digital transformation journey.
The assessment also included peer analysis to gauge the maturity level of the company’s processes, systems and data management capabilities against similarly sized operators. The assessment findings ultimately drove five major projects.
“I think it is difficult for most here in the company to truly understand just how far behind our peers we were when you landed here and starting analyzing the state of our data and IT maturity. The amount of ground you successfully covered is remarkable. It has positioned us to begin turning the corner on several fronts: IT organizational maturity including data governance; data integration; and the move to the cloud. Any one of those would be considered a significant undertaking.” – Global IT Director
The strategic roadmap comprised three core workstreams: operations, master data management and user-centered analytics.
- Stonebridge’s Peloton Ready solution accelerator for WellView enabled the operator to optimize well planning, drilling, completion, testing and workovers. As part of the WellView optimization project, Stonebridge upgraded the existing instance to WellView 10.4 and migrated the system to Peloton’s new SaaS environment. Additionally Stonebridge implemented SiteView for asset data management and ProdView and ProdView Go for production data management.
- Master Data Management. Stonebridge implemented the Master Data Management (MDM), Data Quality, and Energy Portal modules of the EnerHub data management platform. The master data record consisted of attributes from four source systems: WellView, GIS, Enertia and ARIES. EnerHub MDM automatically updates master data attributes from the source systems to other systems, thereby eliminating manual data entry. EnerHub Data Quality alerts the data stewards of each system of errors and exceptions. EnerHub Energy Portal provided a one-stop shop to visualize the data.
- User-centric Analytics. Stonebridge developed a flexible data warehousing architecture to provide robust self-service reporting capabilities and to ensure the underlying architecture was scalable and future-ready. Stonebridge implemented its upstream data model that enabled tabular reports and dashboards via Microsoft Power BI for LOS/LOE, AFE and drilling information. The goal of this initiative was to ensure user-centric analytics that delivered KPIs and other metrics to guide line-of-business decision makers, drive accountability across the organization and provide management with a high-level view of overall organizational performance.
“Our year-long collaboration with this operator demonstrates that digital transformation is more than technology,” said Stonebridge Managing Director Amy Moore. “It’s an incremental process that involves the entire organization—processes, systems, data, and most importantly, people. The key to success is to build the digital foundation that gets buy-in from top to bottom, and that aligns and optimizes all components of the enterprise toward a shared goal of operational excellence.”
“The Stonebridge team was very easy to work with during our implementation of the Peloton suite and supporting applications. Their onsite team and leadership demonstrated a keen understanding of the hurdles any company faces when making a significant change in process and procedure. They worked hand in hand with our company’s leadership to smooth out the transition and address stakeholder concerns. This really added significant buy-in to the change and helped facilitate our implementation, allowing us to take advantage of the efficiency and cost savings of the software.” – Chief Operating Officer
About Stonebridge Consulting, LLC
Stonebridge Consulting provides business advisory and technology services for next-gen energy companies. We serve the energy industry exclusively. Our industry expertise, proven methodologies, and extensive project IP and solution accelerators enable us to deliver projects faster, generating measurable improvements in operational efficiency and saving project time and costs by as much as 50 percent. More information about our services is available at www.sbconsulting.com.