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Seth Tribbey with S&P Global
will present a talk entitled
"Enterprise Data Management in the Era of Consolidation"
We have been in a new era in the oil and gas industry for the last decade. An era unlike the last 30 years in our industry. Despite three significant commodity price recoveries since 2010, the number of employees in the industry have declined by almost half (43%) rather than growing along with commodity price as in the past. This is in major part due to consolidation of companies and the assets they own and operate alongside pressure from investors to operate within cashflow. The hiring sprees of the past appear to be gone for the foreseeable future. At the same time, we are entering into a new era of data management in oil and gas. We have seen the transition from desktop/project focused data management in the 90’s to server focused trends in the 2000’s, to the emergence of SaaS and data lakes/warehouses in the cloud in the 2010’s, to the beginning of the era of data automation through AI and ML today. The evolution of data management through these eras has led to bloated application landscapes, considerable technical debt, reliance on manual data-focused workflows, and lack of agility - limiting ability to embrace automation. Trends have shifted from custom, numerous point solutions and staff to support them to data movement, data quality, and analytics being largely driven by AI and ML. As a result, the second consolidation trend we are seeing in the industry is a consolidation of software in-use and the redundant infrastructure, data, and custom code that supports it. Most upstream operators have a similar suite of applications in place and as such oil and gas software has been somewhat commoditized. Unlocking the value of data that is created, flowing between, and consumed by these applications to make better, faster decisions than your peers is the true key to differentiating yourself from your competition and embracing automation, not the specific piece of software you choose. However, in the era of consolidation, the data tells we must do so efficiently and with fewer resources than ever before. Because of the way oil and gas companies work with diverse disciplines, data types, and applications, an enterprise approach is required to pivot to this era of automation and to unlock the value of your organization’s data. In this presentation we will discuss these trends, why data is the differentiator in the era of consolidation - not software, why an enterprise approach to data management is necessary in oil and gas, key elements of enterprise-oriented data solutions, and best practices for taking an enterprise approach to data management to ensure your success.
Location and Timing
This luncheon will take place at Pioneer Natural Resources - 777 Hidden Ridge, Irving, TX 75038 on December 6, 2022.
The virtual portion of this event will take place on our Remo platform - https://live.remo.co/e/dallasfort-worth-energy-data-lun
Registration will take place from 11:15 to 11:30 outside
the meeting room. Lunch will be served at 11:30. If you
have any food allergies please let us know during the
registration process. If you find you are no longer able to
attend, please advise us of your cancellation as soon as
possible to free up a space for another attendee.
This is an agenda for the event:
11:15-11:30 - Registration
11:30-12:00 - Lunch & Networking
12:00-12:10 - Introductions & Pioneer Natural Resources Spotlight
12:10-12:20 - CPDA Presentation
12:20-12:50 - Presentation by Seth Tribbey
1:00 - Wrap Up
Non-Members: only $10
Become a member now here for only $100.
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.
This Calendar invitation is now available! Please note: the Calendar invitation does not register you to attend.
is through the hard work of our volunteers, the Dallas/Fort Worth Leadership Team,
and our sponsors and speakers that this event is possible. We sincerely
appreciate their efforts bringing together energy data management
Thank you to our Event Sponsor
Thank you to our Series Sponsor
If you would like more information on the PPDM Association events or opportunities for sponsorship, please feel free to contact us. Cancellation Policy: Please visit our Terms and Conditions under "PPDM Events" to view our cancellation policy. Please note that PPDM is not responsible for any travel costs related to cancellations. Substitutions may be permitted on a case by case basis.
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