Jaxon Caines, technology reporter, Hart Energy: How do you manage assets that you can't see or touch? Find out in this Tech Trends with Hart Energy LIVE [with] Cenozon.
Mark Woynarowich, director of operations, Cenozon: We started off Cenozon as a software company supporting the service industry, helping companies understand their assets. And what it's grown into more is bringing in more data pieces, helping them visualize it, to really round out the organization and their understanding of their assets. They're all trying to do one thing and it's really hard when everybody has little bits and pieces of the puzzle to put the whole thing together.
JC: Can you tell us about the Cenozon find and how it gives operators more in order to do more?
MW: Yeah. We've always been challenged with information that operations and field staff are collecting and making because the most important people are the guys out in the field and sometimes they don't have the best tools. We use amazing technology and the drilling completions, the processing world, even the SCADA and communications world, but the people are lacking tools to help them elevate their performance. Our product pulls in a lot of that original information, SCADA systems production, even government and GIS information to help them kind of culminate their organizational assets in a digital fashion. And what we've found was there's a lot of critical information that's left in paper and on file drives and Excel sheets that they lack access to. It's not that they don't have them or they're not managing them, it's just the access to get it and bring it in for more use. They have this abundance of information and we're just learning the value of it.
JC: Every Tuesday we drill into the tech that fuels the oil patch. Learn more at hartenergy.com/ep.
Recommended Reading
J.P. Morgan, Capital One Commit $260MM to Arizona Solar Project
2024-10-15 - Arizona’s Box Canyon solar project secured a $260 million tax-equity financing commitment from Capital One and an affiliate of J.P. Morgan.
Dividends Declared (Sept. 30 - Oct. 11, 2024)
2024-10-11 - Here is a compilation of dividends and distributions declared from select upstream, midstream and service and supply companies from Sept. 30 to Oct. 11.
Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
2024-10-11 - As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.
Mexico Pacific Working with Financial Advisers to Secure Saguaro LNG I FID
2024-10-23 - Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
2024-11-19 - President-elect Donald Trump's energy secretary nominee Chris Wright championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.