Posts by Marketing

December 14, 2018 by

Bertrand Groulx busking in the +15 for YYC Tech Gives

Above: Guitar-slinger Bertrand Groulx in his busking home in the +15, flanked by Don Chenery, Senior Business Analyst and Dean Anderson, Machine Learning Business Development. Verdazo Analytics President Bertrand Groulx has been playing a mix of Christmas songs, rock favourites and even an original as part of a multi-day busking engagement to raise funds for YYC Tech Gives. All funds raised are being donated to The Calgary Food Bank. Groulx – a longtime amateur guitar player and singer – has raised almost $2500 in his first two days busking over the lunch hour between Brookfield Place and Bow Valley Square. The gigs actually mark his first-ever public performances. His setlist has included: Good Riddance, English Girls, Another Lonely Day, Hey Jude, an original song called Just Right, along with a host of seasonal favourites like Blue Christmas, Silver Bells and Jingle Bell Rock. Bertrand will perform again Monday December 17 and Wednesday December 19. We hope you’ll come down to cheer him on – and drop a few bucks in the guitar case for YYC Tech Gives and The Calgary Food Bank. Or, you can donate to Verdazo’s YYC Tech Gives page online.

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December 5, 2018 by

Tyler Schlosser wins SPE Technical Excellence and Achievement Award

Everyone on the Verdazo Analytics team would like extend congratulations to our own Tyler Schlosser, the 2018 recipient of the SPE Calgary Section’s Technical Excellence and Achievement Award. In his role as Verdazo Analytics’ Senior Technical Machine Learning Advisor, Tyler made impactful contributions to the Calgary section of the SPE, its members, and our industry. We invite you to join us in celebrating Tyler’s accomplishments at the upcoming Data Analytics Breakfast event at the Calgary Petroleum Club on January 10th from 7:30 to 9:30 a.m. Here is just a small sampling of Tyler’s notable contributions: Machine Learning: Practical Use in Upstream Oil & Gas Machine Learning: Is it really a Black Box? Machine Learning: Finding the signal or fitting the noise?

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November 1, 2018 by

Bertrand Groulx chairing panel on corporate analytics adoption for CSUR

Verdazo Analytics’ President Bertrand Groulx will chair a panel discussion titled “Case Studies & Adopting Analytics – A Corporate Journey.” The panel takes place from 10:15-11:50 on Wednesday, November 21, 2018 at the Odd Fellows Hall in Calgary. Groulx will be joined by speakers Bob Lamond, VP Exploration, Rife Resources, Ltd, and Darcy Fairbrother, Strategic Sales Project Manager for NCS Multistage, Inc. The group will walk through corporate case studies and there will be time for audience Q&A. The panel is part of the latest session put on by the Canadian Society for Unconventional Resources’ (CSUR) focusing on Data and Data Analytics for the Upstream Oil & Gas Sector. Register for the event and learn more here.

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October 9, 2018 by

Bertrand Groulx speaking on leveraging data at Cortex Connection Summit

Verdazo Analytics’ President Bertrand Groulx will speak on a panel at the Cortex Connection Summit in Calgary on October 24, 2018. The panel is titled “Big Data Procurement – How do technology and systems leverage data to improve business processes?” and takes place from 9:50-10:50 am at the Hyatt Regency Calgary as part of the one-day summit. The theme of this year’s summit is disrupting the concept of closed networks. Attendees will learn about the value, support and flexibility in technology interoperability driving operational and financial performance. Groulx is joined on the panel by Elena Dumitrascu (TerraHub), Téo Adams (ATB Financial), Bryan Pederson (Amalto Technologies) and Daniel King (EnergyNow). Register for the event or learn more here.

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Machine Learning: Practical Use in Upstream Oil & Gas

There’s an enormous amount of discussion about the possibilities of Machine Learning but far less practical information about the impacts it can have on Oil & Gas today. In this presentation, we articulate some of most valuable prizes Machine Learning offers for upstream Oil & Gas, including feature importance and sensitivity analysis, and the power of predictive Machine Learning models. The presentation outlines two recent case studies – one focused on reservoir properties and the other focused on drilling and completion optimization – that bring the material to life. This presentation was originally delivered May 31, 2018 as part of the SPE Oil & Gas Breakfast Series in Calgary.

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Machine Learning

Predict production performance, reservoir properties and optimize well location & completion design.

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Visual Analytics in the New Normal: Past, Present & Future

Over the last decade, the collective impact of changes in production technologies, the shift in commodity prices and a reduced workforce is defining a ‘new normal’ in oil & gas. This presentation provides a visual overview of evolving production and market trends and explores the role data and technology will play as the industry adapts to its changed landscape. “Visual Analytics in the New Normal: Past, Present & Future” was originally presented as part of the geoLOGIC Adapting to the New Normal technical showcase on Nov. 16th, 2017.

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November 2, 2017 by

Verdazo Analytics presenting on ‘Visual Analytics in the New Normal’

Over the last decade, the collective impact of changes in production technologies, the shift in commodity prices and a reduced workforce is defining a ‘new normal’ in oil & gas. On November 16, Verdazo Analytics’ President Bertrand Groulx will provide a visual overview of evolving production and market trends and explore the role data and technology will play as the industry adapts to its changed landscape. Groulx’s presentation is titled “Visual Analytics in the New Normal: Past, Present & Future” and will be delivered as part of the geoLOGIC Adapting to the New Normal technical showcase. Groulx’s presentation runs from 10:55 to 11:20 a.m. Verdazo Analytics will also be available throughout the afternoon for attendees looking to learn how VERDAZO software, in combination with geoLOGIC data, can deliver powerful insights through visual analytics. The geoLOGIC showcase takes place at the ConocoPhillips Auditorium in Gulf Canada Square and runs from 8 a.m. to 3 p.m. Learn more and register for the event here.

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How Many Months of Production Do I Need for a Reliable Forecast?

Production forecasts derived from Type-well Curves are typically based on limited data. Our desire to predict the production performance of recent wells with limited data introduces uncertainty that is difficult to quantify. There is also an industry tendency to rely on early predictors like IP90 as a comparative measure of well performance. This study includes a look-back involving more than 87,000 forecasts (Montney and Viking wells) to see how much data you need for an 80% confidence interval. It also compares how much data you need from both a Volumes(Reserves) and Value perspective.

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Uncertainty Considerations for Development Planning Type Curves

The use of Type-well Curves for Development Planning has many uncertainties. Not adequately taking these uncertainties into account can result in statistically unachievable expectations. Failure to meet production expectations can have drastic stock market consequences on share value. This presentation provides guidance about the uncertainties that need to be considered and how Aggregation Curve approaches can help you better plan for statistically achievable results.

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