Posts by Marketing

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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Effectiveness of Nitrogen Energized Completions in the Alberta Montney

In the Kakwa area of the Montney there has been a recent trend away from the use of nitrogen as an energizer in the completion of horizontal multi-stage fractures. This presentation explores the effectiveness of this trend, specifically examining the production performance, cost implications and economics of the use of nitrogen in the area, and considers the uncertainty associated with drawing early conclusions.

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September 21, 2017 by

Verdazo Analytics presenting on Unconventional Big Data Forecasting for SPE

Verdazo Analytics’ President Bertrand Groulx will present for the Society of Petroleum Engineers (SPE), at the Session 7 workshop “Unconventional Resources: Big Data Forecasting.” Groulx’s presentation is titled “How Many Months of Production Do I Need for a Reliable Forecast?” It takes place on September 27, 2017 at 1:00 p.m. The SPE workshop runs September 26-27 at Hotel Arts in Calgary, Alberta. Learn more and register for the event here.

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September 21, 2017 by

Verdazo Analytics presenting on Planning Type Curve Best Practices for SPE

Verdazo Analytics’ President Bertrand Groulx will present for the Society of Petroleum Engineers (SPE) at the Session 1 “Unconventional Resources: Production Type Curve Construction – Best Practices and Pitfalls.” Groulx’s presentation is titled “Uncertainty Considerations for Development Planning Type Curves” It takes place on Tuesday, September 26, 2017 at 8:00 a.m. The SPE workshop runs September 26-27 at Hotel Arts in Calgary, Alberta. Learn more and register for the event here. Save Save

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