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OAG Analytics Solution Overview
 

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 predicts production for any well, anywhere in the major US shale plays and reduces underperforming wells by over 25%.

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    OAG Analytics Solution Overview OAG Analytics Solution Overview Presentation Transcript

    • © 2014 OAG Analytics Predict production for any well, anywhere and reduce underperforming wells by over 25% Revolutionary Sub-Surface Insights
    • 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 © 2014 OAG Analytics
    • OAG’s 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 © 2014 OAG Analytics
    • Strategic Value From the Wellhead to the Boardroom in Under 30 Days © 2014 OAG Analytics 4
    • 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 Model’s Predictions —  OAG Analytics standard deviation is consistently less than 20% —  OAG is consistently over 40% more accurate than type curves* OAG Analytics VS © 2014 OAG Analytics
    • The Virtuous Cycle www.OAGanalytics.com 6© 2014 OAG Analytics Monthly Updates OAG Big Data Analytics Engine Oilfield Data OAG Oilfield Model
    • 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 © 2014 OAG Analytics 7
    • 8 info@OAGanalytics.com 844-OAG-WELL www.OAGanalytics.com Contact us to start reducing underperforming wells today! Revolutionary Oilfield Models © 2014 OAG Analytics