Quick Time to Value

Advantages of Automating Gas Lift Optimization

There are many advantages to automating gas lift optimization, but we’ll discuss just a few here. When considering machine learning approaches, there are too many wells and too few engineers to constantly monitor, analyze, update and evaluate the gas injection rate to establish optimal lift performance. A typical simulation model
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
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Benefits of Automating Gas Lift Optimization for Oil & Gas

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. Automating
Data Science, Petroleum Expertise

Gas Lift Optimization In Context of Oil & Gas Prices

In 2019, the United States was the largest producer of oil in the world, producing 19.5 million barrels of oil per day. The U.S. oil production rates have more than doubled during the last decade. According to the U.S. Energy Information Administration, about 63% of this produced oil comes from
Expert-Guided Machine Learning

Benefits of Machine Learning in Gas Lift Optimization

Benefits of machine learning in gas lift optimization is our topic for today.  In Monday’s blog, we discussed the tedious past and current methods for optimizing gas lift production and what options are available with our Production Intelligence solutions to automate your production optimization process through machine learning.  So, what
Quick Time to Value

ROI Case Study: Gas Lift Optimization Models Learn to Calibrate Themselves

Gas Lift Optimization Models is the topic of our discussion today.  Recently, we did a series of ROI case studies to demonstrate the impact of early detection on your bottom line.  In today’s blog, we are sharing a sample of 60 days of results of our gas injection recommended implementation.
Expert-Guided Machine Learning

Moving Beyond Three Current and Tedious Methods of Gas Lift Optimization

Gas Lift Optimization, what is it and how can you improve it?  In this blog, we will discuss three current methods of gas lift optimization, and then discuss how you can move beyond these tedious current methods into Machine Learning.  Most operators can agree that optimizing Gas Lift is important
Webcasts

Increase Gas Lift Production with Artificial Intelligence

We invite you to watch our Webcast Replay, entitled “Increase Gas Lift Production with Artificial Intelligence,” as Dr. Venkat Putcha, Senior Data Scientist at OspreyData chats with Richard Wuest of OspreyData’s executive team about the state of Gas Lift Optimization and exciting opportunities emerging as Machine Learning solutions are introduced
Company News

OspreyData Featured in Upstream Intelligence Article

On January 30, 2020, OspreyData was featured in the Upstream Intelligence article entitled “How Automation Empowers Operators to Optimize Gas Lift.”  Below is an excerpt from the article with a link to the complete write-up. How Automation Empowers Operators to Optimize Gas Lift A dilemma faced by many oil and