Posts by Marketing

August 19, 2014 by

Visually Explore Industry Trends and Key Resource Plays at IHS Explore: Energy Sept. 11

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. We invite you to join us at the IHS Explore: Energy 2014 event on September 11 in Calgary where VISAGE has been invited to speak. Our presentation will be on Industry Trends and Visual Analysis of Key Resource Plays  using VISAGE. We will explore how the Western Canadian Sedimentary Basin (WCSB) has experienced a dramatic transformation following the market crash in 2008. The focus of most new gas development has been centered on multi-stage horizontal well activity in the Montney.  Oil production has hit an all time high. While multi-stage horizontals have been key drivers of growth in the Bakken, Cardium and Viking, they have been overshadowed by production growth in the oil sands. IHS Explore: Energy is an all-day free event at the Westin Hotel from 8:30am to 4:30pm on September 11, 2014. We’ll be speaking from 10:30am to 11:15am and 12:45pm to 1:15pm during concurrent sessions. You can find out more about the event and register at the IHS event...

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December 9, 2013 by

Rose & Associates Partners with VISAGE to Provide More Effective Risk Analysis

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. We are pleased to announce that Visage Information Solutions has partnered with Rose & Associates LLP (R&A), the leading E&P risk analysis consulting firm. This partnership will marry VISAGE big data analytics with sage industry risk assessment methodologies, bringing valuable product input to us and over time, improved software and services for our clients. R&A will help enhance our software by sharing their deep, global expertise in E&P risk analysis and portfolio assessment. The collaboration will also expose VISAGE capabilities to more clients through R&A courses and consulting engagements. Course participants of R&A will benefit from VISAGE in course materials, supporting faster, more effective risk analysis. The speed at which VISAGE can analyze plays, develop type curves and slice and dice cumulative probability distributions was viewed as a valuable asset for R&A clients undertaking proper risk analysis, particularly on unconventional plays. For us, this is a fitting partnership because many years ago, an R&A course in probabilistic methodologies helped shape how VISAGE...

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December 9, 2013 by

Rose & Associates Partners with VISAGE to Provide More Effective Risk Analysis

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. Calgary, AB – December 9, 2013 – Visage Information Solutions Inc., visual analytics software provider for the oil and gas industry, and Rose & Associates LLP (R&A), the leading E&P risk analysis consulting firm, today announced a partnership that will marry VISAGE big data analytics with sage industry risk assessment methodologies.  The partnership will bring a VISAGE presence to Rose & Associates courses and consulting engagements and will heighten the role VISAGE plays as a key component of risk analysis for clients. VISAGE products and services benefit from Rose & Associates breadth of experience as a thought leader in E&P risk analysis, extending the software’s global and domestic market reach. R&A will leverage the analysis capabilities offered by VISAGE to compliment course materials and ultimately enable clients to more easily complete risk analysis methodologies. “More than 10 years ago I participated in an R&A course and remember it being one of the most insightful courses I’ve ever taken,” said Bertrand Groulx, President,...

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July 24, 2013 by

Drill Bits & Bytes Part 4: Oil Drilling Activity in Western Canada

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. Today’s Drill Bits & Bytes focuses on 2012 oil drilling activity in Western Canada, giving a snapshot of industry activity relative to historical trends. All the analyses presented were generated using VISAGE and data from the IHS Information Hub. Oil Drilling on the Decline Drilling in Western Canada appears to be on a bit of a decline after peaking in 2011, with a decrease of 11% in 2012. Historically, the number of oil wells drilled annually has averaged around 6,000 since 2006. The low occurred in 2009 (3,456 oil wells drilled) with profound increases of 83% in 2010 and 30% in 2011 to a peak of 8,230 oil wells drilled in 2011. This 2011 peak was then followed by a decrease of 11% in 2012 (7,282 oil wells drilled). Also of note, horizontal well drilling continues to strengthen. 2010 was the first year that horizontal well drilling exceed vertical. In 2012 there were more than two times more horizontal wells drilled than vertical. Facts...

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July 24, 2013 by

VISAGE Analyzes US Production Data Live at the Reserve Estimation Unconventionals Event

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. VISAGE – it’s not just for Canadian producers, Houston here we come! August 19 to 22, VISAGE will be joining GLJ at the Reserves Estimation Unconventionals event to showcase analysis of HPDI data (3.3 million producing entities). The focus of the event is on aiding U.S. oil and gas producers with accurately forecasting, estimating and optimising well production. VISAGE has a lot to offer production, economics and planning analysis to optimize production performance. GLJ is a sponsor of the event and on Day 3, Michael Morgan is speaking at the main conference. Here’s the topic: Considering The Full Production History Of Five Key Resource Plays: What Has History Taught Us? • With over a decade of commercial deployment, multi-frac’d development is no longer new so why does most analysis still highlight initial rates? • Highlighting late life decline behavior and diagnostics to identify flow regime • Using the results as a starting point when trying to build analogs for emerging resource plays Want to...

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June 18, 2013 by

VISAGE + WCFD Direct Data Access Expands Completion Analysis Opportunities

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. At VISAGE we like data and we like companies that provide it. That’s why we’re delighted with the latest release of the Well Completions & Frac Database (WCFD) and the launch of the Direct Data Access Platform from Canadian Discovery Ltd. VISAGE users can now connect live to the WCFD back-end and integrate completions data with production data for sophisticated analyses that provide insight into completion design and the associated production results. All of this with the VISAGE visualizations our clients are familiar with. With the combination of VISAGE, WCFD, and public data (from IHS or gDC), there are more than 40,000 ways that you can slice and dice the data. Our clients have been seeking ways to compare well performance by looking at production per tonne of proppant, or production per stage. The ability to compare production by frac technology, stage spacing, proppant per stage and proppant types can have a profound influence on how you might plan your next well. VISAGE’s visual...

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April 16, 2013 by

GLJ Acquires Equity Stake in Visage Information Solutions

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. Today we are delighted to announce that GLJ Petroleum Consultants is acquiring an equity stake in Visage Information Solutions. This means valuable product input for us and improved software and services from VISAGE for our clients. GLJ will help enhance our products and services by sharing their more than 40 years of petroleum industry experience with us.  Serving their own clients with VISAGE, GLJ will further distinguish their petroleum consulting services with software-driven insights while participating in VISAGE’s success. The aim of our two companies is to take a leadership role in Big Data analytics for the oil & gas industry (check out our blog post on the subject). This is big news for us, but it’s business as usual for the most part. The collaboration with GLJ involves no change to our leadership, our operations or customer focus. We will continue to do what we do best and serve and support our clients and partners. We are very proud to be...

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April 16, 2013 by

Is the Oil & Gas Industry Overcoming the Big Data Resistance?

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. A recent article by Adam Farris “How big data is changing the oil & gas industry,” provides a very detailed explanation of Big Data realities in the industry and points out that: “resistance regarding workflows and analysis approaches remains in place, as it has for the last 30 years.” Today’s VISAGE and GLJ announcement demonstrates that both of us consider this an important time for Big Data analytics in the energy industry. In putting together this deal,we had a hard look at where the industry is at and affirmed our own sense that O&G producers, investors and financiers need to be equipped to accelerate their adoption of Big Data analytics. First let’s be clear that VISAGE remains anti-hype. Big Data has been around a long time and sometimes we agree with critics who see the phrase as misused, as a marketing hook for the business intelligence industry.  Gartner, who originally coined the term in 2001, provided a 2012 update to the definition...

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April 16, 2013 by

GLJ Acquires Equity Stake In VISAGE Analytics Software

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy. Both organizations to take a leadership role in Big Data analytics for the energy industry Calgary, AB – April 16, 2013 – Visage Information Solutions Inc., visual analytics software provider for the oil and gas industry, and GLJ Petroleum Consultants Ltd., Canada’s leading oil and gas resource consulting firm, today announced that GLJ is acquiring an equity stake in the software innovator. The investment strengthens both companies’ client offerings and secures their mutual leadership in Big Data analytics for oil and gas producers, investors and financiers. VISAGE products and services benefit from GLJ’s broad perspective with over 40 years of petroleum industry experience, extending the software’s global and domestic market reach. As a shareholder in the analytics software company, GLJ will further distinguish its petroleum consulting services with software-driven insights while participating in VISAGE’s success. “In the time we’ve worked with GLJ, we were delighted to discover that their reputation of integrity is built on a history of innovation,” said Bertrand Groulx,...

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