American Oil and Gas Reporter - July 2016 - 71
Analytics, Dedicated Centers
Enable Real-Time Optimization
Of Devon Energy's Operations
By Kari Johnson
Special Correspondent
OKLAHOMA CITY-Oil and gas companies understand the
challenges associated with dealing with massive quantities of data,
as well as the competitive advantages that come from rapidly
extracting actionable information from "big data"-whether in the
form of 3-D seismic, drilling data, well logs, or production reports.
Given the ever-increasing volumes and variety of data, as well as
the complexities of the business and operational challenges oil
and gas companies face today, the need is greater than ever to
invest in advanced analytical functionalities to produce new insights
and optimize operations in new ways, says Kathy Ball, manager of
exploration and production analytics and data science at Devon
Energy Corp.
According to Ball, Devon Energy was an early adopter of
advanced analytics and now is applying the technology throughout
the organization, including in human resources, portfolio
management and strategic planning, basin analysis, real-time
drilling, and asset monitoring and predictive failure analysis. The
payoff is measured in bottom-line metrics such as reduced drilling
costs and increased production.
JULY 2016 71
American Oil and Gas Reporter - July 2016
Table of Contents for the Digital Edition of American Oil and Gas Reporter - July 2016
Contents
American Oil and Gas Reporter - July 2016 - Cover1
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American Oil and Gas Reporter - July 2016 - Contents
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