Monetizing Information Assets with Oil and Gas Software
I took notice yesterday of a release by Gartner stating that 30% of businesses will be be monetizing their information assets by 2016. FierceBigData also highlighted in an article covering the statement that only one percent of the world’s data is being analyzed. The main reason for this monetization is the high cost of storing and […]
Managing regulatory compliance and risk
I wrote a few weeks ago about environmental regulations and how the difficulty of keeping up with these regulations can shut down business. Another article I read recently, called “Dealing with Regulatory Risk,” from the Oil and Gas Financial Journal, discussed the issue of regulation of fracing and LNG exports. The author, Don Stowers’ big […]
Entrance Launches SharePoint Based Training Management Solution
Training management can represent a challenge if there is no system set up to automate it. What used to be a highly manual process is now easy and user friendly, with gains in productivity already in evidence.
Our client manages training for the petroleum industry, with clients all around the word. Before Entrance was contracted to develop this solution, a paper folder had to be created, filled out, and mailed to the correct party after each training was complete. This training management solution has automated the process and removed the paper trail, saving our client’s employees time, in addition to space on their desks.
Using SharePoint to Streamline Training Management
For any company with a large paper trail, the sheer amount of work and extra steps necessary to complete tasks every day can be overwhelming. For one Entrance client, a training management company for the petroleum industry, what used to be a manual, paper based operation in the extreme (think file folders several feet high) is now SharePoint […]
What is a Casing Point?
Casing Point The casing point is the point in a drilling project when well drilling operations cease and the well owners must decide whether the well should be completed or plugged & abandoned. Casing point may also refer to the depth to which casing is set in a well.
Software Modernization: Avoiding Future Total Rewrites
If you have completed or are nearing the end of a software project, you may be wondering how to ensure that your application that will provide value for years to come. When scoping a project it’s important to understand that the world is changing, and is changing in ways that we can neither predict nor […]
What is a Gas Lift?
Gas Lift A gas lift refers to a method of well production that involves injecting gas (or sometimes air) directly into the fluid in the casing to extract oil.
Renewable Energy and Data Management
Since we got back from the Total Energy USA conference last month, I have been thinking a bit about renewable energy and the role it will play in coming decades. In a session called “The Big Picture,” Russ Conser from Shell’s GameChanger Team stated that there will be no “no quick switch to low carbon energy.” […]
Entrance Out and About Town at the Symphony
Entrance’s president, Nate Richards, and his wife were caught in action at a Houston Symphony event recently, dressed up in their best!
What is a Farmout?
Farmout Farmout refers to transferring all or part of the operating rights from a working interest owner to an assignee, who assumes all or some of the burden for development in return for an interest in the well.
What’s wrong with your dashboard?
When it comes to making informed decisions these days, it really is about surfacing the right subset of information at the right time, with the right purpose. We all know that Business Intelligence and Dashboards manage the process of sifting through and presenting information, but what struck me recently was that, paradoxically, more information can […]
What is Dual Completion?
Dual Completion A dual completion refers to a well that simultaneously drains two reservoirs of oil or gas at different depths with the production from each zone separated by tubing.
Entrance’s First Windows 8 Application
We were pretty excited about the launch of Windows 8, and as a proof of concept we took publicly available well data and used it to create an application that shows how an energy company might be able to use it. The app shows a high level view of a group of wells with drill […]
What is a Gas-Oil Ratio?
GOR (Gas-Oil Ratio) The gas-oil ratio is a measure of the volume of gas produced along with oil from the same well.
A NOTE ABOUT MICROSOFT SHAREPOINT FOLDERS IN 2010 AND 2013
We all know what folders are and have opinions about whether we love or hate them. End Users LOVE folders, it reminds them of the good ole days of file shares where governance was absent and retention was only a myth. Those who truly get a little excited about enterprise content management, like myself, said […]
What is a non-operated well?
Non-Op (Non Operated) This is a classification for wells that a particular E&P company does not manage the operations of. Non-Op wells will still be tracked, however, if the company owns a royalty interest in the well.
What is Plugged and Abandoned?
Plugged and Abandoned (P&A) When a well hits the end of its lifecycle, and the hydrocarbons being pulled out of the ground are not sufficient, the well is plugged and abandoned. This prepares the well to be shut in and permanently isolated. There are typically regulatory requirements in place to ensure that the strata, particularly […]
Farewell XSLT, Hello Intuitive List Views: SharePoint 2013 Features
Among the new features of SharePoint 2013 announced at the recent SharePoint Conference in Las Vegas, we’re particularly excited about what’s new with List Views. As any SharePoint 2010 developer knows, extending the List View web part can be a particularly daunting task. The XSLT code-behind is famously unintuitive, frequently mangled, and extremely unforgiving. Although […]
What is a Payout?
Payout A condition that occurs when revenues to a given interest in a well equal all land, acquisition, drilling, completing and operating costs allocated to that interest.
Mergers and Acquisitions to Jump During Uncertain Financial Times
This past month, we attended the Total Energy USA conference here in Houston, and one of the most interesting sessions included speaker Alexandra Pruner CFO, Tudor, Pickering, Holt & Co. on the topic of dealing with financial uncertainty for energy companies. Pruner shared some interesting predictions for 2013 that are worth passing on:
