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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.
For 30+ years, this E&P company has thrived by adopting transformative technologies. Recently it began using a new system to increase profits by reducing geosteering operations from hours to minutes with real-time data, improving communication efficiency between engineers and geophysicists, and by integrating seismic information with well data.
At this global energy company, decision makers gained access to timely, actionable intelligence that helped them bring in $8 million of additional value to their trading book in the first year while meeting other strategic goals and establishing a standardized decision making system for all trading teams.Learn more about our client’s successes
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
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