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IHS Forecast is the multi-user capable long-term successor to IHS DeclinePlus.
IHS Forecast analysis methods include:
Headquartered in Houston, this independent energy company has operations around the world so its GIS team implemented a state-of-the-art system that provides users with both internally sourced spatial data and streamed industry data – saving time and providing a more complete picture of areas of interest.Learn more about our client’s successes
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
At this global energy company, the Market Intelligence team – which supports procurement decisions totaling $13.5 billion annually – cut in half the number of source locations that analysts must access to gather information and reduced by 50% the time required to generate reports/charts for decision makers.Learn more about our client’s successes
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.
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