LYTT, a software and analytics company delivering actionable insights to inform optimized energy operations, on April 6 launched spotLYTT, a new cloud-based visualization dashboard that gives operators unprecedented visibility into the production performance and health of each asset in their portfolio in real time.
spotLYTT livestreams reservoir insights from acoustic and temperature data sourced from fiber optic sensors alongside time-series data to users anywhere in the world via the cloud. It provides oil and gas companies with an intuitive, secure and continuous way to see exactly what is happening downhole. These insights enable asset managers to identify immediate threats and opportunities to inform their operational decision making without needing to spend time handling and interpreting data.
To date, products attempting to provide this critical level of reservoir performance insights have been unable to give users remote access to dynamic visualizations of in-well data in real time—a key requirement for driving efficiency and enhancing production across the increasingly remote-working international oil and gas industry. LYTT’s solution has been designed to fill this critical technology and operational gap, giving instant oversight to the engineers and operations teams working to refine and optimize a global asset base.
“Just a few years ago it was thought impossible to generate any real time subsurface insights from fiber optic data,” Tommy Langnes, co-founder of LYTT, said. “Once LYTT overcame the big data and analytics challenges through the LYTT LYVE platform, we wanted to provide users access to critical insights through the creation of spotLYTT. This user interface facilitates collaboration across functions and geographies, enabling truly effective operational decision making.”
Based in Houston, Evolution Petroleum said it had closed an acquisition of nonoperated oil and gas assets in the Barnett Shale from Tokyo Gas subsidiary, TG Barnett Resources LP, for $19.6 million in cash.
Natural gas market expert John Harpole joins Cornerstone Government Affairs’ Jack Belcher for a post-analysis discussion on the 2021 Texas power crisis in the latest edition of Energy Policy Watch.
Whiting Petroleum retained Meagher Energy Advisors for the sale of its Retail upstream and midstream assets in Colorado’s Weld County including shallow decline, horizontal Niobrara producing properties.