A while back, we wrote about our framework on the E&P software categories that we call the Big Six. Those categories are the most central, most integration, and most expensive pieces of software at a typical E&P: As expected, we quickly heard the complaint “Why isn’t <insert software here> included?! It’s crucial to how we do things […]
Buying enterprise O&G software kind of sucks. There are an enormous number of vendors, a bewildering array of features and capabilities, and a horde of internal stakeholders you’ll need to convince if you want them to adopt something new. One framework I’ve found useful is to distinguish Displacers from Augmenters. Displacers come to market attempting […]
Upstream O&G land data is a pain in the neck. Acreage reports are built on a weekly, monthly, or quarterly basis and acreage numbers are constantly changing as companies buy and lease, and as leases expire. To make matters worse those acres can be counted as mineral acres, royalty acres, or leasehold acres and can […]
Last week, I had a chance to attend the Energy Venture Investment Summit, a joint conference between EnerCom and the Colorado School of Mines. The purpose of the event was to connect energy-related startups with capital providers, so it was structured as a series of 15 minute pitches, with the audience being primary VC firms […]
I was talking to a client the other day about how modern data tools “smash and blend” data together, and ended up using the analogy of a trash compactor. It’s a useful analogy when thinking about data management and data analytics, so forgive me as I stretch this metaphor to its (absurd) limit in the […]
Written in collaboration with our Supply Chain Advisor, Amy McClenathan. Cutting costs has always been the name of the game in the oil and gas industry. While just yelling at your vendors works occasionally, the real ROI comes from efficiency gains like trimming waste, eliminating unnecessary work, and rooting out fraud. Again and again, these […]
The beautiful part of business intelligence tools is that they automatically update as your database changes or as you change databases, so the time you spend getting this graph just right doesn’t have to be spent again for each new database or database update. In my previous article I outlined several of the ways new business intelligence tools […]
As a software purchaser, you’ll never come across a more controversial, tempting, and frightening price than “free”. Freeware isn’t new by any means, but its recent spread in the world of oil and gas software means that everyone from E&P IT departments to software vendors need to grapple with it. In this post, we’ll dive […]
Recently, Zack Warren was interviewed by the Digital Wildcatters. They discussed Entrepreneurship, nicknames, conferences, and of course, Oil and Gas Data. It’s a fun listen!
Velocity Insight attended the virtual Enverus Spark 2021 online conference late last month. The event was free and offered almost 30 sessions to choose from to learn more about Enverus Business Automation solutions. The sessions were recorded and are now available for attendees and non-attendees here. While the majority of conference attendees were finance, accounting, and supply chain professionals, the Business […]
If you’ve been a reservoir engineer for any amount of time it’s likely you’ve interfaced with Landmark’s ARIES software in some way. And if you’ve interfaced with ARIES, you’re aware of the myriad ways it can make your life difficult, hide things from you, display data that’s not complete, or otherwise mislead the user. It’s […]
I spent much of the week at the AAPG/SEG joint convention – a quick read for those who couldn’t make it! Having spent most of my career in subsurface roles as a reservoir engineer, I’ve always been “geoscience curious”. With the American Association of Petroleum Geologists (AAPG) and Society of Exploration Geophysicists (SEG) joining forces […]
When you’re talking to an industrial software company, there’s always a spot at the end of the meeting where you want to know – “so how much does this thing cost?” But that’s really not a helpful question – a much better one is “so what’s your commercial model?” Why is that a better question? […]
If you’re new to Cloud services like AWS, Azure and Google Cloud, you may be in for a shock when you arrive. Prepare yourself for…..The Microservice Maze. If you’re going to take advantages of The Cloud (and those advantages are huge, so you should be considering it), you’ll need to learn to navigate The Maze.
Getting your arms around software at an E&P company can be overwhelming Most E&P’s have dozens or even hundreds of enterprise software systems. But if you’re starting an effort on data quality, data integration, or software rationalization, where do you start? I’ll argue that at E&P companies, any digital strategy has to start by addressing […]
Velocity Insight attended the 26th annual Enercom Oil & Gas Conference in Denver this week. It’s always a nice venue to see what investors and C-suites are thinking about – if you didn’t make it, the recordings are available. VI was invited to sit on a panel Wednesday afternoon with some smart data-oriented folks – Luis Rodriguez, Pete Fischer, […]
You can’t go to a business-focused conference these days with someone talking about how Artificial Intelligence and Machine Learning are the future, but it’s pretty clear they aren’t reality yet. I’m fascinated by the upside of AI/ML, but I haven’t seen much ROI in many industrial settings yet. Why the disappointment? It’s because of the […]
The Unconventional Resources Technology Conference is the biggest unconventional oil & gas conference for petrotechnical nerds, and a great place to see what’s happening in O&G software/tech.
Here are five quick takeaways if you missed it: