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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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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

Why the Oil and Gas Industry is Leveraging Innovations

Oil and gas companies are seeing an influx of these savvy startups disrupting the industry much like they did in manufacturing, financial services, retail, etc. The spry startups mean extremely quick integration with the ability to capture, understand and actionize big data for superior business operations. To stay competitive, leading operators are partnering with starts ups and leveraging innovations. Startups are known for bootstrapping and having a hustle mentality to get things done on a …

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