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Dashboards are in the truck and on the desktop in the new oil & gas economy

Legacy Reserves’ Joel Hughes says his job is “to make people more efficient,” especially the back office inhabitants such as accountants and engineers. The dashboard Legacy uses is called Domo. It puts requested data into easily read graphs and charts, letting managers and executives quickly analyze trends and totals that let them react in real time to avoid a problem or take advantage of an opportunity—without poring over charts until they go cross-eyed. Tracking the …

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PRODUCT CASE STUDY – iTank Data

Midland oil producer (50-year- old, privately held company) seeking to extend automation into their field operations. Specifically looking to monitor stripper well tanks to increase efficiencies of the field crew and acquire data for accurate decision making.   Note to reader: While not mentioned by name in this case study, this client of iTankData is available for reference. In 2016, a long-standing, well respected oil producer in Midland, Texas, was attempting to identify a solution …

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Remote well monitoring cuts costs by upgrading users from ‘management by driving around’ to ‘management by exception’

As remote well monitoring gains traction across the oil patch producers will be happy because they stand to save substantially on production costs. Area insects may also benefit, as there will be fewer windshields on the road for them to hit. Everyone knows the ancient method of well management—spending hours driving from well to well every day checking for problems and, in most cases, finding none. Or the other option, which is finding one that’s …

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O&G Tech News from the Web

Enterprise Apps in the Cloud: A Growing Trend in Oil & Gas

When it comes to IT, oil and gas companies are as a general rule conservative: cautious when it comes to change, less likely to be an early adopter of the latest new thing. Which is odd for those of us who grew up in the industry – I’m third-generation oil and gas, and have been in and around the industry from a professional perspective since I graduated from OU with a degree in chemical engineering …

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How big data is disrupting the oil and gas industry

The role of CIOs in the success and long term survival of companies in today’s competitive landscape is growing. Technology is the leading differentiator between rival companies, and the next battleground industry could be the biggest one yet.  The industry to watch in the coming years is oil and gas. While a small sector in terms of employment, the industry is a major IT user. Oil and gas spent $700 million on high-performance computing in …

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Internet of Things in the Oil and Gas Industry

The oil and gas industry is in the midst of turbulent times. The price of crude oil is on a roller coaster ride. Companies are finding it harder to predict their business plans, and the focus has been toward increasing operational efficiency and maintaining existing infrastructure. Exploration has taken the backseat for a while. In addition, there is an aging manpower base with almost a majority of them set to retire in the next 5–10 …

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