Petroleum Expertise

What is Parametric Analysis?

Parametric analysis is a common exercise employed by production engineers in well modeling and decision making. The figure above displays a set of gas injection performance plots (Oil production rate vs. Gas injection rate) resulting from a parametric analysis of a physics-based simulator. In an example 10-day window of observation,
Petroleum Expertise

Resolving Challenges for Operators & Engineers Faster

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

Managing The Transient Nature of Well Properties

The transient nature of well properties contributes greatly to uncertainty and makes optimization an ongoing challenge for the production engineering team. The figure above provides a snapshot of a few key operating parameters of a well on an unconventional formation, over a two-month range. During this period, the oil production
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
Predictive Analysis

Benefits of Artificial Intelligence in Oil and Gas Production

Artificial Intelligence in Oil and Gas is becoming a very popular topic. MIT’s Sloan School of Management’s article, “Reshaping Business with Artificial Intelligence,” found that 85% of corporate executives surveyed believed that AI would help their businesses gain or sustain competitive advantages. What does that look like for oil and
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
Quick Time to Value, Unified Monitoring

Hear from Production Engineer Eric Clour on Using OspreyData’s Unified Monitoring

With some key objectives in mind, we have developed a set of building blocks. We believe an effective monitoring solution must have robust abilities that can do the following: – Visualize, annotate and track complex time series sensors across devices and lift types – Construct and configure meaningful, actionable dashboards
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

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,