Posts by Ryan

November 4, 2013 by

Announcing VISAGE 2014!

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 very excited to announce the release of VISAGE 2014, the new version of our analytics software that brings you better performance, enhanced usability, and new workflow capabilities for analyzing oil and gas data. We’ve invited some of our favourite people to help us celebrate on November 19. We look forward to seeing our clients and valued partners—software vendors, data vendors, consulting firms and industry thought leaders—as we launch VISAGE 2014. Contact us for your invitation to join us on the 19th. Quite literally, VISAGE 2014 provides thousands of ways to examine data and generate more sophisticated analyses to help you make better decisions and increase your competitive edge. We’re also pleased to introduce V-Broadcast, a new tool to automatically generate and distribute the right information and analyses to the right people, saving time and supporting faster and better decision-making. Who doesn’t want to spend less time creating and distributing reports and charts? We think you’re going to like V-Broadcast and...

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November 4, 2013 by

VISAGE 2014: Better analytics to fuel better decisions

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous press releases. We’re proud of our decade of work as VISAGE and that lives on within these news items. Enjoy. Calgary, AB – November 4, 2013: Visage Information Solutions announces the release of VISAGE 2014, a new version of its visual analytics software, complete with better performance, enhanced usability and new workflow capabilities for analyzing oil and gas data. “With the new release of the software, we’ve improved performance and usability as well as enhanced analysis capability,” says Bertrand Groulx, president of Visage Information Solutions Inc. “We’re pretty excited about VISAGE 2014 because it will provide better analysis capabilities at producer’s fingertips, letting them do more sophisticated analysis and facilitate faster and better business decisions.” Building on the company’s deep experience in the oil and gas industry as well as the best practices of its clients and partners, the new software provides thousands of ways to examine data and generate sophisticated analyses to inform better decision-making and increase competitive edge. The latest release also includes V-Broadcast, a new tool to automatically generate and distribute the right information and analyses to the...

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April 10, 2013 by

Drill Bits & Bytes Part 3: A Shift in Western Canada’s Gas Production

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 blog focuses on gas production and how shifts in the industry have changed production trends in recent years. Using VISAGE and data from the IHS Information Hub, I have assembled analyses on: gas production changes by province changes in average production per well over the last 50 years how the shift towards horizontal drilling & completion technology has impacted production Gas production in the WCSB started declining in 2006, with the two most dramatic drops occurring in 2009 (6.6%) and 2012 (6.3%). These drops seem small compared to the 98.5% drop in drilling activity since 2006.  In 2011, production drops in Alberta and Saskatchewan were offset by an increase in British Columbia production of more than 16.6%. BC’s production in 2012 was almost exactly the same as 2011, coming in at 3,872 mmcf/day. BC now accounts for 28% of all WCSB gas production. The bulk of the production decline in the WCSB is attributable to AB, who’s production has dropped 34% since its peak in...

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March 13, 2013 by

Drill Bits & Bytes Part 2: The Decline of Gas Drilling 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. To say that gas drilling has declined in the last six years wouldn’t come as a surprise to anyone in the industry, but how much has it declined? Today, we are going to quantify the changes in gas drilling activity, what companies are drilling and what plays they are drilling using VISAGE and data from the IHS Information Hub. Since 2006 vertical gas well drilling has dropped by 98.5%. In 2006 there were 27 times more vertical wells drilled than horizontal. In 2012 there were 3.4 times more horizontal wells drilled than vertical. This profound shift towards horizontal wells has meant that the average measured depth of wells has increased 3 times. How long and how deep are horizontal wells? The average true vertical depth of horizontal wells has steadily increased from 1831m to 2486m over the last six years (an increase of 655m). The average length of horizontal wells has also steadily increased from 1214m to 1708m over the last six years (an increase of...

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