Ask any operator about their experience with commercial public data providers and they’ll roll their eyes, shake their head, and grimace – almost like remembering how they got hustled in a pool hall as a teenager. It’s easy to understand why. Over the years single operators have paid public data providers (PDPs) millions of dollars...Read More
A recent Deloitte study of the renewable energy industry found that in the last year, renewables have overtaken coal as a source of power generation in the United States. What’s more, solar and wind combined represented nearly 50% of total U.S. renewable electricity generation. As the renewable energy industry rises in stature as a competitor...Read More
The application of digital technologies within organizations (a.k.a., digital transformation) has been a topic of interest for many in recent years. The potential benefits of these efforts are quite alluring: Create an empowered, data-driven culture that drives innovation Be proactive rather than reactive, managing by exception Create more rapid and agile operations Reduce operational expenses...Read More
The fastest growing data set in the energy industry is time-series data that is typically loaded into a SCADA system from IoT devices and sensors in the field. SCADA data is a key asset energy companies use to drive digital transformation initiatives, such as advanced prescriptive and predictive analytics via machine learning (ML) solutions. The...Read More
In the upstream oil and gas industry, drilling and completing a well is a multi-million dollar undertaking. To reduce risk, operators typically share ownership in wells with other parties—called non-operating working interest partners—to jointly split the expenses and the production (ultimately revenue) that comes from the hydrocarbons over the life of the well. Multiple data...Read More