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"On probably 90-95 percent of projects requiring publicly available data, I recommend that clients use IHS data. It's my first preference for well and production data."
Jewel Wellborn, President
Hydrocarbon Exploration & Development
IHS Sources over 90% of Consulting Firm’s Project Data
Denver-based Hydrocarbon Exploration & Development, an E&P consulting firm, needed comprehensive, current oil and gas operator data and other information to interpret and evaluate customer properties. They also needed to rapidly export and import that data among proprietary and customer databases.
We provided standardized data that was easy to import and export across a broad range of applications.
The customer could directly download data into its interpretation software and see the regional and local context for conventional and coalbed methane properties. The firm continues to choose IHS data for the majority of its customers’ projects.
Since 2004, this independent O&G operator has recorded well data electronically, with daily numbers uploaded in minutes to foremen and engineers. As result, it reduced the time to create daily reports by 33% -- cutting two days off its monthly regulatory reporting cycle -- and increased production by identifying/correcting problems months earlier.
As one of the top oil producers in Oklahoma, this company began using an electronic system to make information available to all of its employees. Production data is no longer entered manually so it is available for analysis the next morning and overall production increased because problems are resolved as much as a week sooner.
Based in Montana, this trio of oil and gas exploration and consulting companies gained access to comprehensive, up-to-date drilling data and was therefore able to reduce the time required to research drilling programs by up to 2 weeks-- which saves clients money on the front end -- as well as improving operational efficiency and minimizing risks
One of the world’s largest oilfield service providers enhanced the forecasting accuracy of its oil rig count model from 90 to 97.6 percent, predicted the impact of price changes on customer spending and demand for product lines (by leveraging 3,500 factors) and created a model that predicted the deflation of WTI crude oil prices in late 2014.Learn More About Our Customers Success
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