PPDM Association Events are
specifically designed to facilitate collaborative idea
sharing, discussion, and networking. Learn from your
colleagues’ experiences, ask questions, build
relationships and make key face-to-face connections. Engage
in dynamic sessions and attend an information packed
Petroleum Engineer & Director of Client Engagement
will present a talk entitled
“Controlling Costs: Lower Lease Operating Expense in Operations and Production”
Jon will describe how the oil and gas industry is in an aggressive cost control pivot, now more focused on operating models with lower Capex, lower Lease Operating Expense and increased Free Cash Flow. In spite of the trauma to oil and gas producers, a common denominator includes leveraging technology for cost reductions in production, and it centers around operational and SCADA data and using that data to enable agile more effective operations and automation.
Jon is a Petroleum and Reservoir Engineer with over 10 years of experience with large and small producers such as Encana, Venoco and Burlington Resources. Jon turned his interest and affinity for analytics and is now using his extensive field expertise to help develop Advanced Analytics and Machine Learning solutions for OspreyData as Director of Client Engagement.
The oil and gas industry is in an aggressive cost control pivot, now more focused on operating models with lower Capex, lower Lease Operating Expense and increased Free Cash Flow. In spite of the trauma to oil and gas producers, a common denominator includes leveraging technology for cost reductions in production, and it centers around operational and SCADA data and using that data to enable agile more effective operations and automation.
Data Quality starts with innovative approaches to create value from operational assets in the field, including the SCADA feeds from all assets including tanks, valves, and Artificial Lift Devices downhole. A common approach to all data ingestion, to normalize the data, and eliminate different approaches and tools for each SCADA feed is key. We will discuss how producers are using stored analytics data lakes and also how the trend to use normalized and streaming realtime data is key to an agile and lean organization that manages by exception. Real time streaming data has unique characteristics vs an historical data set, and we will discuss how it uniqueness’s create challenges and yet offers significant value as well if harnessed while its fresh.
The last decade’s standard approach to data quality was based on Analytics oriented data architecture capturing, and storage. This approach is different than the SCADA infrastructure architecture, tools, and skills that are required to enable a real time streaming data approach. We will discuss how you can add a real time streaming data dimension to your current data strategy, and how that is working at oil companies today.
When this comprehensive real time data approach is implemented, it can include basic limits and notifications to the workforce with the real time unified data that is being monitored across all equipment and SCADA sources, or it can also incorporate Machine Learning models for even more insight into suboptimal operations of well devices including artificial lift. Using this normalized and real time insight to increase production across all lift types, well designs and SCADA feeds can be used to trigger workflows that enable exception based management in production operations and engineering.
With organizations going to a remote and lean workforce in the near future, therefore the real time approach enables oil and gas operators to lower lease operating expense, and to enable a Virtual Control Center strategy, that harnesses the workflows and lowers human contact and interaction and lowers maintenance issues and expenses and increases production across all lift types on land and offshore.
Location and Timing
This will be a virtual event using our new Remo platform - https://live.remo.co/e/dallasfort-worth-virtual-luncheo. It is important that you register by May 19th so you can be inputted into the system - you will receive an email from Remo with the link and how to set up an account, you may need to check your junk mail folder for the email. We recommend you read our 'How To' document for helpful hints to log in. For any technical help, please email firstname.lastname@example.org.
(Times shown are CDT):
11:30 AM - 11:45 AM System available for log on
AM – 12:00 AM Networking
AM – 12:15 PM PPDM/OSDU Update by
PM – 12:45 PM Main Presentation by
PM – 12:55 PM Sponsor Spotlight by
PM – 01:00 PM Wrap-Up
Annual Individual Memberships are only $100!
If you are registered for this event and find you will not be able to attend, please let me know no later than Friday, May 15th.
Professional Development Units
This event is eligible for:
To learn more about Professional Development Units (PDU) and the CPDA Certification Program, please visit our Certification Page.
Thanks to all of you who
support these events which are aimed at enhancing your
ability to deliver better data management practices within
your company as well as the building of a data management
Community in the Dallas/Fort Worth area. A special thanks to our
sponsors for hosting this event. Without the support of
sponsors, events of this nature would not be possible.
Thank you to our Event Sponsors
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