Katalyst Data Management has launched a new subsurface data search engine on Dec. 2, powered by Elasticsearch, in the latest release of their iGlass data management solution. The new release, named iGlass Portal ES, gives oil and gas companies the ability to use freestyle text searches on their seismic and well data volumes. This release marks the first time that Elasticsearch technology has been applied to an E&P subsurface data management solution.
Similar to search technology used for online shopping and searching, iGlass Portal ES harnesses the power of Elasticsearch, allowing users to search the entirety of their subsurface catalog with a simple textual search. Just like online searches return results from multiple websites, the Elasticsearch technology within iGlass Portal ES searches across multiple data domains, returning all results associated with the search text. Users can quickly find the seismic and well data they need without having to know specifically where to look within their subsurface database.
“This is game-changing technology for our iGlass platform; think about a Google-like search for all of your subsurface assets,” Steve Darnell, Katalyst president and CEO, said. “Users across the oil and gas industry have come to expect the ability to perform textual searches when they consume content, and we’re thrilled to be the first company to fully leverage Elasticsearch for subsurface data management with iGlass Portal ES.”
Houston-based EOG Resources is focusing on so-called “double premium” wells that yield a 60% direct after-tax rate of return at $40/bbl WTI and $2.50 Henry Hub.
In connection with its emergence from Chapter 11, Diamond Offshore also announced that Marc Edwards has retired as chairman, president and CEO, effective immediately.
Diamond Offshore Drilling recently skipped making an interest payment and retained advisers to help it evaluate various alternatives “with respect to its capital structure,” according to an SEC filing on April 16.