Datagration has acquired Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs, on Jan. 19. The acquisition is the latest in a period of growth for Datagration to expand the capabilities of its PetroVisor platform.
The PetroVisor platform solves the ‘too much data, too little time’ conundrum that plagues oil and gas operators, the company said. It delivers automated engineering workflows in real time to improve engineering and investment decisions, such as operational and capital efficiency. PetroVisor offers a single collaborative environment to aggregate and analyze data, and build user defined workflows. These workflows connect people, systems and data with complete visibility to the end-to-end process. With the PetroVisor platform, companies can improve organizational and cross-domain workflows, automating technical and business processes, and mitigating risk, all on a unified platform.
With the addition of unconventional resource workflows and tailored applications from Mosaic Petroleum Analytics, PetroVisor will now enable companies to rapidly assess recent well results against expectations, evaluate a wide range of completion designs with physics-based models, locate viable refrac candidates, and optimize development investment while accounting for uncertainty using stress testing. These results are generated in time frames useful for budget cycles and acquisition evaluations.
Using PetroVisor, operators will now be able to implement a proven unconventional asset workflow to maximize capital efficiency in a commercial framework, designed by an E&P operator for investor-oriented decisions. The open, agnostic, transparent, and configurable platform provides many useful automated intermediate products including maps, dashboards, and production type curves. The physics-based completion optimization process delivers type curves and economics over user-defined ranges of lateral length and spacing, sand and fluid intensities, stage spacing, and injection rates. Thousands of potential completion designs are distilled into a few helpful visualizations to convey optimal and often less-risky near-optimal designs. There are also modules to optimize operating efficiencies on existing wells that merge real-time SCADA and machine learning.
“It is critical for the unconventional oil and gas industry to improve opex and capex efficiency and free cashflow,” Jorge Machnizh, president and CEO of Datagration, said. “The addition of the Mosaic team and proven intellectual property to the PetroVisor platform will enable customers to make better operational and investment decisions based on physics and economic and stress testing to deliver better business outcomes, from the engineering teams to the board of directors.”
Recommended Reading
Wanted: More US Natural Gas
2022-06-30 - Will the U.S. have enough natural gas come winter? Executive Editor-at-large Nissa Darbonne explores in her monthly column featured in Oil and Gas Investor.
Double Eagle Launches New Venture with Over $1.7 Billion from EnCap, Others
2022-06-20 - Double Eagle Energy’s latest venture will pursue a similar strategy in the Permian Basin that led to the success of the predecessor companies, but on a “considerably larger scale,” according to the release.
W&T Offshore Names Jonathan Curth as General Counsel
2022-06-20 - Jonathan Curth has extensive legal experience working with public E&P companies, most recently at Vine Energy, which was acquired by Chesapeake Energy in 2021.
Crédit Agricole to Cut Financing of Oil and Gas Sector
2022-06-23 - Crédit Agricole said it expected emissions linked to its loans to the oil and gas sector to fall 30% by 2030, while those connected with lending to the autos sector would fall by half.
US Solar Sector Gets Industry Boost as Concern Lingers
2022-06-23 - A consortium plans to spend billions on solar modules and says more action is needed following the Biden administration’s decision to pause tariffs on solar panels from four counties.