OAG Analytics Solution Overview
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OAG Analytics predicts production for any well, anywhere in the major US shale plays and reduces underperforming wells by over 25%.
OAG Analytics Solution Overview
- 1. 息 2014 OAG Analytics Predict production for any well, anywhere and reduce underperforming wells by over 25% Revolutionary Sub-Surface Insights
- 2. Shale Revolution Resource plays have fundamentally revolutionized the US oil industry Onshore reservoirs are much more complex than they were a decade ago Currently an estimated 25% of wells underperform OAG Analytics is a revolutionary solution to modeling resource plays and reducing underperforming wells 2 Massive Increase in Production, Reserves, Wells, and Capital Expenditures 息 2014 OAG Analytics
- 3. OAGs Big Data Analytics Big Data is going to impact your organization whether you like it or not OAG Analytics makes this seamless and painless ≒ You provide your data in its current form ≒ We produce a state-of-the-art Reservoir Model ≒ Users access OAG Analytics with a web browser or TIBCO Spotfire OAG Analytics is a high-value business solution, not an IT project OAG seamlessly delivers insights to business users, making us the ideal next step on your Big Data journey 3 Seamlessly Integrate into Existing Operations 息 2014 OAG Analytics
- 4. Strategic Value From the Wellhead to the Boardroom in Under 30 Days 息 2014 OAG Analytics 4
- 5. Type Curves 5 * Accuracy measured by root mean squared error (RMSE). Each Underperforming Well Costs ~$5MM to $10MM A 5% Production Improvement is Worth ~$1MM per Well 2 7 5 Predict Average Production for a Large Acreage Position Type curve standard deviation (risk) is often over 35% Type curves often miss average production by 10% Type Curve Predict Production for Any Well, Anywhere OAG Models Capture Unconventional Oilfield Complexity Developed for Conventional Oilfields - Resource Plays are MUCH More Complex OAG Analytics Uniquely Explains Our Models Predictions OAG Analytics standard deviation is consistently less than 20% OAG is consistently over 40% more accurate than type curves* OAG Analytics VS 息 2014 OAG Analytics
- 6. The Virtuous Cycle www.OAGanalytics.com 6息 2014 OAG Analytics Monthly Updates OAG Big Data Analytics Engine Oilfield Data OAG Oilfield Model
- 7. Regional Coverage Bakken Barnett Eagle Ford Marcellus Permian Bakken $15B on Drilling and Completions in 2014 Production is projected to increase 70% by 2020 OAG Covers the Most Active Domestic Onshore Plays 息 2014 OAG Analytics 7
- 8. 8 info@OAGanalytics.com 844-OAG-WELL www.OAGanalytics.com Contact us to start reducing underperforming wells today! Revolutionary Oilfield Models 息 2014 OAG Analytics