Maybe you’ve declared your intention to digitally transform your production. That’s great. It’s a growing trend and it will really boost efficiency. But the jury is still out on whether to do it in-house or to let us do it for you.

I have a question that may clarify that decision for you:

What are you good at?

You’re good at evaluating leases, considering how to economically produce a field and to get that oil and gas to market. If you were to jump into the field of developing a cloud based platform, what would that look like in terms of hiring, training and implementing?

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If you ask around for a single term that describes getting the right production data, most engineers in oil and gas would hesitate to say “simple” or “straightforward.” Here at Zedi, data is our thing; we live it and breathe it – heck, some of us even dream about it - you can’t control when innovation may strike! Our customers continue to benefit from solutions that are streamlined and straightforward thanks to our software development and engineering people.

After all, the value of production data could not be simpler: optimizing production leads to increased profitability. That said, here are my top 5 tips to help increase your oil and gas production:

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The cost of unplanned maintenance activities such as replacing or repairing failed equipment is high; lost production, expensive labor (call outs, overtime) and damaged equipment adds up.

Unplanned maintenance will always be a part of your maintenance strategy but to rely on it solely has a number of disadvantages that can greatly impact your oil and gas production, safety and sustainability.

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Although I moved to Oklahoma a little over two years ago, my family has deep roots here. My Great Grandfather and Grandfather owned and operated oil wells around Stroud, Oklahoma, sometime around the mid-1920’s. I heard stories from the “patch” since I was a little boy, and was fascinated by what I was hearing. This started a long path to the oil industry for me.

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This blog post has been updated as of May 4th, 2021

Several years ago I was at a customer site and there were two executives who were struggling to figure out if a field they recently purchased was producing as much as they were expecting.

They had over fifty reports in their system, but they didn't know where to look. It didn't help that they had multiple systems and each one had slightly different numbers. Everything this company did was electronic-based and they collected so much data that obviously they had this information somewhere. The big question, though, was where do you look?

 

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