Posts by Marketing

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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September 21, 2017 by

Verdazo Analytics and geoLOGIC Systems explore N2 energized completions in CSUR talk

Verdazo Analytics’ President Bertrand Groulx and geoLOGIC Systems’ Joshua Lee will deliver a presentation for the Canadian Society for Unconventional Resources (CSUR) on Monday, September 25, 2017 at 11:00 a.m. The presentation is titled “Effectiveness of Nitrogen Energized Completions in the Alberta Montney”. Groulx and Lee’s presentation is part of a single-day CSUR event called “The Alberta Montney Resource: An Important Play for Alberta”. Additional sessions will outline a macro-analysis of the play, its associated challenges and commentary from both researchers and operators. The event takes place in the ConocoPhillips Canada Theatre at 401 9 Ave SW in Calgary, Alberta. Learn more and register for the event here.   Save Save

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Is your organization competing on analytics? A roadmap to analytics success.

(April 2017, Society of Petroleum Engineers Breakfast Talk, Calgary) This wide-ranging presentation makes the case for using visual analytics — and lays out a path to analytics success. It examines the state of analytics adoption in oil & gas and details why so many analytics initiatives fail. Readers will learn the mental hurdles and obstacles organizations must overcome on their journeys and get clear case studies that show how analytics are making major impacts across the industry.

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May 12, 2017 by

Verdazo Analytics hires new Director of Business Development

Verdazo Analytics today announced the appointment of Kirk Graham as Director of Business Development. Graham will be focused on supporting the company’s Canadian clients in their analytics journeys while playing a key role as Verdazo Analytics expands further into the U.S. market. Kirk brings a diverse background to his new role, including experience in startup technology, multivariate analysis (Medusa Medical Technologies, Evoco) and oil & gas business development (IHS). He’s renowned for his consultative, solutions-oriented approach to working with clients, and his sincere, committed focus on his clients’ success, all qualities long associated with Verdazo Analytics. Kirk can be reached at kirk@verdazo.com.

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May 4, 2017 by

Bertrand Groulx presenting at CSUR’s Hydraulic Fracturing workshop

Verdazo Analytics’ President Bertrand Groulx will deliver a presentation on data analytics at the Canadian Society for Unconventional Resources’ (CSUR) one-day workshop on Hydraulic Fracturing. The event takes place on May 11, 2017 and focuses on the industry’s technological advancements over the last decade as well as examining the new technologies that are being developed to increase productivity and reserves in Unconventional Resource Plays. Groulx’s presentation is titled “Multivariate Analysis Using Advanced Probabilistic Techniques for Completion Design Optimization.” He co-wrote the paper with and Jim Gouveia of Rose & Associates and Don Chenery, also of Verdazo Analytics. Groulx’s presentation is scheduled for 1:00 p.m and takes place at the ConocoPhillips Canada Theatre in Calgary, AB. For more information, click here.

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