Posts by Bertrand

November 26, 2018 by

Verdazo Analytics expands Machine Learning Division

Verdazo Analytics added five full-time staff to its team in November in an expansion of its Machine Learning Division. Since launching the division in January 2018, Verdazo Analytics has delivered consulting services to clients and producers, and in partnership with other industry-leading consulting firms. The company has helped the Oil & Gas industry understand and realize the practical benefits offered by Machine Learning in the areas of production performance prediction and completion optimization. The expanded team joins Tyler Schlosser, the company’s Senior Technical Advisor for Machine Learning and Reservoir Engineering. Together, they’ll work on developing Verdazo Analytics’ forthcoming Machine Learning software and helping clients understand and adopt machine learning technologies and methodologies. “A larger, diverse team allows us to respond to the growing interest in leveraging complex datasets to produce valuable insights that contribute to the bottom line” says Verdazo Analytics President Bertrand Groulx. “The success we have enjoyed in our most recent consulting projects has allowed us to craft our technology and processes to extract insights from a broader collection of data.” The new staff bring extensive experience and education across geophysics, geomechanics, reservoir engineering, completions design, drilling, infill programs, enhanced recovery, economics, math, physics and software engineering. Many...

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September 7, 2018 by

Verdazo Analytics exhibiting at the SPE ATCE 2018

Verdazo Analytics will be exhibiting this month at the SPE Annual Technical Conference and Exhibition 2018 in Dallas, TX. Our team invites all conference attendees to drop by booth #229 to learn more about our VERDAZO visual analytics software and our Machine Learning capabilities. ATCE 2018 will feature 350+ technical presentations, special sessions, and networking events for over 8,000 Society of Petroleum Engineer members and other professionals looking for the latest news on current and future technologies to help find and produce hydrocarbons faster, more efficiently, and safely. The conference takes place in Dallas, Texas from September 24-26, 2018. Learn more about ATCE 2018 and register here.

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July 22, 2018 by

Data before delivery: putting the cart before the horse?

I have now heard dozens of stories from friends and colleagues about failed BI and analytics initiatives. They range in costs from hundreds of thousands to tens of millions of dollars. It’s a problem that I see several companies at risk of repeating…and the motivation for today’s blog. A common thread to most of these stories is trying to “fix up our data before we select or implement an analytics tool”. How can anyone possibly understand the data needs, the use cases, and the possible data issues without providing a means to use the data, view the data and identify issues? It’s like trying to anticipate what part of a car a mechanic should fix without test driving it first. Consider starting with the data you have, take it for a test drive. See how the business wants to use it and evolve your data quality and architectural initiatives incrementally. You’ll realize value on the way and better focus your efforts. Why do they fail? Lack of focus: Hyped up terms like “big data”, “data lakes” and “cloud” distract us from the pragmatic task of delivering information ­­­— getting reliable, current information into the hands of business users in a form...

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April 26, 2018 by

Bertrand Groulx teaching course on advanced analytics for SPEE

Verdazo Analytics President Bertrand Groulx is teaching a course on statistics and analytics titled “Uncertainty Characterization, Statistical & Aggregation Principles and Advanced Analytic Methods” for the Society of Petroleum Evaluation Engineers (SPEE) in Carlsbad, California. The presentation is part of the 55th annual SPEE conference which takes place at the Park Hyatt Aviara on June 2-5, 2018. Groulx will share the podium with co-presenter Jim Gouveia of Rose & Associates. Their course will provide a solid background for professionals in the application of Statistics, Uncertainty and Aggregation Principles to their evaluations. At the end of this course, participants should have an intermediate understanding of estimating under uncertainty, basic statistics & aggregation principles, advanced analytic methods and selected best practices in production type well curve development. Groulx and Gouveia’s course takes place on Saturday, June 2 and runs the full day from 8 a.m. to 5 p.m. Learn more about the conference agenda and register here.  

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April 26, 2018 by

Tyler Schlosser presenting on Machine Learning for SPE

Verdazo Analytics’ Chief Data Scientist Tyler Schlosser will deliver a presentation titled “Machine Learning: Practical Examples in Upstream Oil & Gas” for the Society of Petroleum Engineers (SPE). The presentation takes place from 7:30-9:30 a.m. on May 31, 2018 as part of the SPE’s Oil & Gas Analytics Breakfast Series. The presentation will provide a quick overview of Machine Learning, how it can be applied to Oil & Gas problems with a focus on time-to-value, the challenges it presents, and specific case studies to illustrate its power. Schlosser was recently appointed Chief Data Scientist at Verdazo Analytics after over a decade of experience across Oil & Gas, mostly recently as Director of Economics and Risk at GLJ Petroleum Consultants. Learn more about the presentation and register here.  

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April 26, 2018 by

Verdazo Analytics exhibiting at Geoconvention 2018

Verdazo Analytics will be exhibiting during Geoconvention 2018 at booth #100. The Verdazo Analytics team invites all convention attendees to drop by and learn more about the company’s VERDAZO visual analytics software and its recently-launched Machine Learning division and capabilities. Geoconvention is an annual convention produced by the Canadian Society of Petroleum Geologists (CSPG), Canadian Society of Exploration Geophysicists (CSEG) and the Canadian Well Logging Society (CWLS). It takes place in Calgary, AB from May 7-9 at the Calgary TELUS Convention Centre and is expected to attract over 4,000 people. Learn more about Geoconvention 2018 and register here.  

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February 20, 2018 by

Bertrand Groulx speaking on Smith Business Club data analytics panel

Verdazo Analytics President Bertrand Groulx is a featured panelist for Calgary chapter of the Smith Business Club of Queen’s University. The panel, titled “Leveraging Data Analytics in Your Business,” takes place Wednesday March 14, 2018 from 5:30-8:30 in the Petroleum Club in Calgary. The panelists will cover why employing analytics is a critical enabler of business and some of the common pitfalls to avoid when integrating and deploying them across an organization. Additional panelists at the event include Kaush Rakhit (President – Canadian Discovery Ltd., Upstream Oil and Gas Analytics, Data and Expertise), Pavel Rahman (Lead – IBM’s AI & Advanced Analytics Consulting Practice in Canada), and Simon Rivard (Manager – Ember Resources; Specialties: Oil and Gas Data Management). Register for the event and learn more here.

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January 24, 2018 by

Verdazo Analytics appoints Ryan Bielefeld to lead U.S. expansion

Verdazo Analytics today announced the appointment of Ryan Bielefeld as U.S. Sales Manager as part of its expansion into the U.S. market. Bielefeld will lead the company’s business development efforts and be based out of Houston, Texas. Previous to joining Verdazo Analytics, Ryan spent nearly five years in Account Management at Pason Systems, Inc., which acquired Verdazo Analytics last year. At Pason, Ryan split his time between Calgary and Houston. He focused on offering his clients integrated data solutions that enabled users to collect, manage, report and analyze real-time drilling data. He’ll continue that work in his new role, helping to further integrate Pason’s wealth of drilling data into VERDAZO software and the company’s newly launched Machine Learning Division. “We have the Oil & Gas industry’s best visual analytics software and we’re excited for Ryan to start sharing it with our new partners in the United States,” says Bertrand Groulx, President of Verdazo Analytics. Ryan brings deep industry experience and expertise, with over 20 years in upstream Oil & Gas, including multiple roles at Schlumberger, and Weatherford Drilling Services. “Our U.S. clients should expect the same thing our Canadian clients do: industry-leading service and best-in-class software that enables them to...

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January 22, 2018 by

Verdazo Analytics presenting on Machine Learning at CSUR workshop

Verdazo Analytics President Bertrand Groulx will deliver a presentation on Machine Learning for the Canadian Society for Unconventional Resources (CSUR). The presentation is titled “Machine Learning: Opportunities & Challenges for the Oil & Gas Industry” and will provide an overview of Machine Learning, how it can be applied to O&G problems, the challenges and dangers it presents, and a specific case study to illustrate its power.It also comes on the heels of the company’s 2018 launch of its Machine Learning Division, which will deliver Artificial Intelligence solutions to the Oil & Gas industry. The CSUR workshop takes place on January 31, 2018. Its focus is on “Data and Data Analytics for the Upstream Oil & Gas Sector.” It takes place in the ConocoPhillips Canada Theatre in Gulf Canada Square. Groulx’s presentation takes place from 11:10-11:30 am. Learn more about Verdazo Analytics’ Machine Learning Division here. Learn more and register for the CSUR event here.

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January 17, 2018 by

Verdazo Analytics Launches Machine Learning Division

Verdazo Analytics entered the field of Artificial Intelligence today with the launch of its Machine Learning Division, which will deliver targeted and accessible Machine Learning solutions for Oil & Gas. Verdazo Analytics will initially deliver Machine Learning solutions through a consulting offering, with a software product to follow later in 2018. Machine Learning capabilities will eventually be fully integrated with the company’s flagship VERDAZO visual analytics software. The Machine Learning Division of Verdazo Analytics will be led by Tyler Schlosser, the company’s new Chief Data Scientist. Tyler joins the company from GLJ Petroleum Consultants, where he was Director, Economics & Risk. Tyler brings a background as a petroleum engineer, as well as over a decade of focus in the Machine Learning and Artificial Intelligence spaces. At GLJ, Tyler developed an industry-wide reputation as a trusted advisor on specific Oil & Gas topics, including reservoir engineering, economic modelling and energy markets. “Machine Learning is a key pillar for the future of Oil & Gas analysis,” says Verdazo Analytics President Bertrand Groulx. “Tyler will be working directly with our clients to target specific industry opportunities with our new capabilities. Ultimately, Machine Learning will further enable our clients to generate value across their...

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