Petroleum Expertise

Balancing the Objectives Gas Lift Optimization

The objective of gas lift optimization is maximizing the current output from a well by addressing the relationship between oil production rate and gas injection rate. The key parameter describing this relationship is the marginal increment in oil production rate per unit change in the gas lift injection rate. Under-injection
Petroleum Expertise

Faster Solutions for the Challenges of Operators & Engineers

We asked a Production Engineer what “a day in the life” is like, and what are common challenges that are faced as an operator or engineer. This P.E. was responsible for  300 to 400 wells, predominantly rod pumps at one producer and then ESP’s at another. What were some of
Petroleum Expertise, Unified Monitoring

4 Starting Points For Success In A Digital Transformation

Moving to a digital oilfield is a critical enabler for producers in oil and gas. A critical focus is now on reducing operating costs, increasing employee productivity, and improving the ability to make informed and timely data-based decisions. For most oil and gas companies, the goal is clear, but the
Petroleum Expertise, Unified Monitoring

Launch Your Digital Oilfield with Production Unified Monitoring

OspreyData is here to help you launch your digital oilfield today! We have built a SaaS (Software as a Service) model to empower the various needs of Production, Field Operations and Analytic Teams supporting Artificial Lift in Oil and Gas. In addition to enabling operators to build a digital oilfield,
Petroleum Expertise

Career Facets of the Digital Oilfield

Ed Cowsar and Venkat Putcha recently shared some great thoughts on a webcast with the SPE Young Professionals (Gulf Coast). While we don’t have a video or transcript to share, we do have some slides from the deck that was presented, and we think they may be useful to some
Petroleum Expertise

Evolution of the Oil Industry

Over the years, the oil and gas industry as evolved and changed in many ways. The first successful oil drill was made by George Bissell and Edwin L. Drake in 1859. Since then, the oil and gas industry has gone through a significant changes in an effort to become optimized,
Petroleum Expertise

Is There Innovative Help for a Speedy Oil and Gas Recovery? – Part 3

Previously, we shared part one and two of this three-part series from Ed Cowsar. We recommend reading those articles first, if you haven’t already. Here, we’re sharing the final part of this series with you. Lowering Lease Operating expense with a lean team was already becoming mission critical, then COVID19
Petroleum Expertise

Is There Innovative Help for a Speedy Oil and Gas Recovery? – Part 2

We have shared part one of this three-part series from Ed Cowsar, our CEO. We recommend reading that first, if you haven’t. Here is part two! While the industry needs to change, it has in the past and will again. Innovation usually occurs as necessity crops its head and becomes
Petroleum Expertise

Is There Innovative Help for a Speedy Oil and Gas Recovery? – Part 1

Welcome to part one of this three-part series from Ed Cowsar, our CEO!  In the recent Journal of Petroleum Technology article entitled Industry Faces Long Road to Recovery, Adam Wilson quotes Jarand Rystad, CEO of Rystad who says the recovery will be from “six to 22 months”, and discusses variables