How a producer started its analytics journey

November 14, 2016 by

At Verdazo Analytics, we are advocates of ‘Discovery Analytics.’ Discovery Analytics is an  approach by which a data-driven investigation shifts with new insights revealed during the process. It’s not something calculated from start to finish. It evolves as you go, often bringing you to a point you couldn’t have predicted when you started. The results and decisions made are more pertinent and powerful as a result.

I think of this idea regularly when looking back on the work we’ve done with a producer here in Calgary. They initially used VERDAZO software as part of an initiative to improve their Well Review process. Their results went beyond their expectations: they were able to free up their engineers from days of manual Excel analysis in advance of a well review, saving time that exceeded $175,000 in annual costs.

But that was just the start.

That initial project spawned something the producer couldn’t have initially predicted: a commitment to analytics that eventually spread across their organization. New projects and efficiencies were created and an analytical culture took hold. It was exciting for our team at Verdazo Analytics to see our client discover how much value could be uncovered, in so many unexpected ways.

That pursuit of possibility is at the core of our company, our software and our client’s analytics journey.

You can read more about it here.

WellReview_Production02 - Allocated Production

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