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Copyright © 2015, Drilling Info, Inc. All right reserved. All brand names and trademarks are the properties of their respective companies.
Drillinginfo Efficiency — Boost Production
Copyright © 2015, Drilling Info, Inc. All right reserved. All brand names and trademarks are the properties of their respective companies. 2
Drillinginfo’s Executive Solutions Series Going Deeper with Intelligent DataDrillinginfo Efficiency — Boost Production
Also view this case study online: http://info.drillinginfo.com/tour/boost-production/
Copyright © 2015, Drilling Info, Inc. All right reserved. All brand names and trademarks are the properties of their respective companies. 3
About Drillinginfo’s Executive Solutions for EfficiencyOptimize your organization and overtake the competition
Leading a thriving organization in today’s fast-paced, highly competitive oil and gas industry demands broader vision, deeper knowledge, and more confident decision-making than ever before.
Drillinginfo’s Executive Solutions deliver a versatile platform to: Enhance quality across all disciplines, workflows, and opportunities Keep your entire team performing at peak productivity Keep you informed on every significant development in your company and industry Help you achieve unprecedented ROI
Copyright © 2015, Drilling Info, Inc. All right reserved. All brand names and trademarks are the properties of their respective companies. 4
DI Strategy — Boost Production
Who Fast-growing, mid-size independent What Bankroll exploration in hot new play to boost production from
current assets Goal Understand how competitors were reporting stronger returns
and improve on their approach Challenges Couldn’t devote months to research or hire expensive outside
analysts
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DI Strategy — Boost Production
Step 1 – Quantify the Potential Step 2 – Set the Right Benchmarks Step 3 – Identify Key Completion Factors Step 4 – Optimize the Engineering Plan Step 5 – Pinpoint the Sweet Spot
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DI Strategy — Boost ProductionStep 1 — Quantify the Potential
Goal Zero in on acreage with greatest potential.
With Drillinginfo vs. Without Drillinginfo
Assess potential by reviewing intuitive “heat map” to distinguish core vs. non-core holdings, rank relative quality of each, and identify where greatest potential value exists using DI Graded Acreage Reports
Determine value and potential of asset with only cursory views of nearby acreage based on handful of variablesPropensity for false comparisons, unrealistic expectations, and investment in all the wrong places
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DI Strategy — Boost ProductionStep 2 — Set the Right Benchmarks
Goal Competitive benchmarking to identify who’s reaping greatest rewards — and whose methods aren’t worth a second glance.
With Drillinginfo vs. Without Drillinginfo
Aggregate and analyze data from thousands of wells and dozens of operators to quantify range of results generated across acreage of various grades using DI Analytics Access updated grading based on each new well drilled and latest data reported.Identify both outstanding and marginal performers
Invest considerable manhours to conduct competitive benchmarking manually Deal with errors modelsHire costly outside consultants and sacrificing profitability
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DI Strategy — Boost ProductionStep 2 — Set the Right Benchmarks
Discovery Identified two competitors outperforming company in similar acreage.
With Drillinginfo vs. Without Drillinginfo Used creaming curves to benchmark productivity using variety of key metrics, including peak rates, short-term cums, and EURs
No resources to explore more sophisticated metrics and value-add analytics
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DI Strategy — Boost ProductionStep 3 — Identify Key Completion Factors
Goal Zero in on factors contributing most to competitors’ strategy to select industry’s best completion techniques.
Discovery Pinpointed optimization points for each completion element across own and competitors’ practices. Used those optimization points as a foundation to develop a better engineering plan.
With Drillinginfo vs. Without Drillinginfo
Import DI’s “clean” unaliased well, wellbore, geological, stimulation, and production dataUse DI Transform tools to perform multivariate analytics comparing key variables, including cross-plotting performance numbers to operational factors like well length, azimuth, proppant total, fluid total, and more
Devote days to manually scrubbing data, risking errorsOr shortcut process by skimping on statistical analysis, risking effective data
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DI Strategy — Boost ProductionStep 4 — Optimize the Engineering Plan
Goal Apply newfound intelligence to select the most effective engineering plan, enabling company to derive maximum value from every well, every time.
With Drillinginfo
vs. Without Drillinginfo
Apply cost information and explore return of different approaches using multi-dimensional E&P visualization and multivariate analytics
Spend days importing own project data into multivariate analytics softwareRisk inability to define optimization points without completion data aggregated across multiple operators
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DI Strategy — Boost ProductionStep 5 — Pinpoint the Sweet Spot
Goal Pinpoint best placement for new well and create refined, more accurate geological map of play.
With Drillinginfo vs. Without Drillinginfo
Import seismic data using DI Transform’s massive capacity, including advanced geology and geophysics, G&G Interpretation, and multi-dimensional E&P visualizationCreate seismically derived view to quantify production impact of proximity to known faults, rock brittleness, and moreIdentify area with tremendous potential hadn’t considered before
Create traditional models manually using 2D maps, spreadsheets, and input from on-site technical teams
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DI Strategy — Boost ProductionOptimized Results
Using DI Pro Analytics and DI Transform tools, the team overcame challenges by creating a new production plan that improved well productivity by more than 20%. This generated unprecedented profits to support new exploration and established a playbook for making the most the next big opportunity.
Hit sweet spot of play Gained immediate, significant boost to bottom line Improved short-term productivity at minimal cost Pinpoint best place to drill next well for rapid return
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