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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.
With operations in Texas and California, this independent oil and gas company implemented a single, integrated system that enabled access to 30+ standard reports with the latest well and production info via the Web, avoiding manual processes and increasing data currency. Easily created/maintained “hands-free” data feeds saved months of development time.
As a Delta Air Lines subsidiary, this oil refinery reduced the parent company’s jet fuel costs by $300 million per year and increased the efficiency/productivity of its own 40 engineers by up to 2 hours a day – saving about $600K per year. The refinery also strengthened corporate governance by ensuring compliance with safety/environmental standards.Learn More About Our Customers Success
This leading NOC needed to quickly identify high-performing upstream assets abroad for purchase as well as benchmark its overall investment portfolio. See how analysts accelerated the identification and valuation of upstream assets by 99.6% -- from 1-3 weeks to 15-30 minutes -- and positioned the NOC to capitalize on investment opportunities worth millions of dollars.Learn More About Our Customers Success
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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