Upstream Oil and Gas Company Finds Unconventional Value in Spotfire – Business Intelligence Info

Thisupstreamoilandgascompanyisaleadingnaturalgasandoilproducerwithexpertiseindevelopingtightgas,shalegas,coalbedmethane,andunconventionaloilresources。

Itsgoalsincludedbeingthemostefficientandprudentoperatoramongalloilandgascompanies,especiallyforunconventionalresources。

Todothat,ithastoconcentrateonefficiencyincost,execution,anddata。

Asthereservoirengineerexplained,“Theindustryisnowinadowncycle。

Inanupcycle,youmightdrill20wellsandseewhichonesarebest,buttoday,ifyoudrilltwowells,theyhavetobothbegood。

Wehavetomakebetterdecisions。



Hepointsoutwhencompaniesgrowthroughacquisition,oftentheforethoughtisnottheretointegrateandharmonizesystemsandcleandata。

“Wefoundourselveswithalotofoldprocesses,andthey’reallverybreakable,easytocorrupt,andlaborintensive。

Weneededtobeabletobuildworkflowsthatcouldadjusttotheenduser’srole。

Weneededtostreamlineourdataandgetitintousable,cleanformatsthatenduserscouldusewithminimalsupportfromIT。



ReadabouthowTIBCOSpotfire,includingtheTIBCOEnterpriseRuntimeforR(TERR)engine,helpedthiscompanybringdisparatedatasourcestogetherformorerobustanalyses,cleanandnormalizedatafor44%costsavings,buildfocusedworkflowsandbestpracticesforbetterdecision-making,andmuchmore。

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