Patterson-UTI Energy Inc. and Corva recently combined forces to form a strategic data analytics and visualization collaboration plan the oilfield service providers say will equip oil and gas producers with the digital tools necessary to drill and complete more productive and profitable wells while also hitting lower emissions targets.
“We are excited to partner with Patterson-UTI to take on the tough digital oilfield challenges that will unlock greater rig, cost and ESG performance,” Ryan Dawson, Corva’s founder and CEO, commented in a joint release on Oct. 21.
According to the joint release by the Houston-based companies, the Corva and Patterson-UTI collaboration brings together category leading super-spec rig capabilities, rig automation and drilling and completion optimization analytics spanning drilling and completions operations and hazard avoidance. The collaboration is intended to leverage the advanced wellsite and cloud-based data capabilities of Patterson-UTI, a leading provider of drilling and completion services, to further enhance the extensive suite of Corva’s cloud-based drilling analytics.
“We are pleased to collaborate with Corva—a company that shares a similar view as to the incredible potential made possible through the use of advanced data analytics in the drilling and completion business,” Patterson-UTI CEO Andy Hendricks added in the release. “It is an exciting time in the industry as new and advanced practices within data analytics unlock value for the industry, and we are glad to be a part of this.”
As part of the collaboration, E&P companies will have the opportunity to access Patterson-UTI’s advanced digital capabilities, including real-time data from its Cortex® Key edge server, through Corva’s comprehensive suite of more than 60 drilling apps that work in any connectivity landscape. Patterson-UTI's Cortex® Key edge server connects to various systems at the well site, streaming large data sets and providing a single, high-speed data aggregation source.
Additionally, E&P companies will benefit from Corva Dev Center, enabling Patterson-UTI and its customers to develop their own innovative solutions tightly integrated with their core business systems. Patterson-UTI plans to work with Corva to provide apps that take full advantage of the drilling contractor’s super-spec fleet’s drilling automation and ESG capabilities.
“Together, we are accelerating the digital transformation across basins with real time drilling analytics, solving big data analysis in the field with edge computing integration, and empowering partners and clients to build their own solutions and innovate at their full potential,” Dawson also added.
Recommended Reading
Exclusive: Adkins on Challenged Gas Prices, Growing Crude Demand
2024-05-15 - J. Marshall Adkins, head of energy investment banking at Raymond James, details the future of natural gas prices and misconceptions about crude demand coming to an end in this Hart Energy Exclusive interview.
PureWest Bides Time, Positions for NatGas Demand in West Coast Markets
2024-06-11 - In this Hart Energy exclusive interview, PureWest's COO Kristel Franklin talks about how the private company is navigating the dismal natural gas market opposite public players.
Aethon to Acquire Tellurian Haynesville Shale Assets for $260MM
2024-05-29 - Aethon Energy is acquiring Tellurian Inc.'s Haynesville Shale assets in a $260 million deal, allowing Aethon to continue growing as the basin's top private producer and for financially struggling Tellurian to prioritize its flagship Driftwood LNG project.
Future Permian Gas Pipeline May Have a Difficult Route to Follow
2024-05-22 - Kinetik Midstream’s CEO Jamie Welch sees more expensive and longer pipeline paths causing complications for midstream companies.
Exxon's Joliet Refinery Units Down for a Week, Plans for Restart in Late July, IIR Says
2024-07-17 - A severe storm passed through Joliet earlier this week, leaving thousands without power.