
Jennifer Pallanich, senior editor of technology, Hart Energy: A new cloud-based analytics platform helps operators benchmark, predict and optimize their well performance.
Carl Neuhaus, VP, well data products, TGS: So it's a web-based application that takes the best of our well data and geological data and makes it available on the web in streamlined workflows.
JP: So why does the industry need that?
CN: We want to make sure that the decisions our customers are making with the data in those workflows are accurate. So it really boils down to having the most accurate data available in an environment that's very easy to use. Every workflow was requested by a customer and then developed together with customers. We have a customer advisory board that helps us and guides us to make sure that the application that we build is something that actually fits into people's workflows.
JP: So you announced the launch of this new product right here at URTeC. What's next for the well data analytics platform?
CN: Next will be more customer defined features. So everything that you're currently seeing in the application came from customers and [was] developed together with customers, and we have a roadmap for the second half of the year that will also include financial data so we can calculate MPVs for individual wells.
JP: Okay, and how did it perform in testing?
CN: To be honest, it performs great. It's super performant, and we utilized the infrastructure that we built at TGS to handle our other business units. So you can easily load a million wells with no delay.
JP: I have to know—what sets the well data analytics platform apart from other cloud-based platforms that are out there in the industry?
CN: So the first thing's really the input data—it's really, really good data. It's more data than any of the other vendors, and it's better data than [what] any of the other vendors can offer, and it's offered in streamlined workflows. So we took out all the stuff that people don't actually want to use—all the clutter—and made it basically a no fuss, no hassle application.
JP: That's your Hart Energy LIVE exclusive. Learn more at hartenergy.com.
Recommended Reading
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
USA Compression Names Chris Wauson as COO
2025-03-07 - Chris Wauson, currently the leader of natural gas compression company USA Compression Partners’ Permian office, has been chosen as the company’s new COO.
Devon Energy’s John Krenicki to Retire from Board
2025-03-05 - Krenicki plans to focus on his full-time responsibilities as vice chairman at private equity firm CD&R, Devon Energy said
Chord Announces $750MM Notes Offering to Reduce Debt
2025-03-05 - Chord Energy said it will use part of the funds to reduce its credit facility borrowings. The company is also looking to sell its Marcellus non-operated gas interests.
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
2025-03-05 - Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
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.