Drillinginfo Announces New Analytics Tools

AUSTIN, Texas, June 15, 2016 /PRNewswire/ -- Drillinginfo, the leading oil and gas analytics company, today announced the addition of significant, new functionality to its existing suite of dynamic exploration & production intelligence and decision support tools. These new capabilities allow users to capitalize on predictive and prescriptive analytics, and quickly gather insights—from finding potential mergers & acquisition targets to economizing wells and completion parameters—within a single platform.

Building on its track record of disrupting traditional energy intelligence methods, Drillinginfo has released these innovative enhancements that allow users to minimize risk and maximize accuracy in production predictions while accessing all subsurface data in a single source.

• Since April, Drillinginfo customers have had access to the new Probabilistic Decline Curve Analysis tool. This functionality enables all subscribers to manage risk by understanding the range of possible EURs with easy, automatic curve fitting in a single platform. Traditional methods require both data sourcing and loading, and manual model development, which is slow and labor intensive. This integrated Drillinginfo solution allows customers to gather insights quickly and determine whether or not further analysis is required.
  
  
• With the DI Transform 5.1 release, licensees are now able to analyze the contribution of engineering variables to production within a geologic context, and accurately understand well bore placement and characteristics, as well as positive or negative well interference. With legacy tools, isolating engineering variables from rock properties is difficult or impossible, as is the understanding of where the well bore lands with precision, or if production will be affected by neighboring wells.

"Our ongoing commitment in research & development allows us to continue to drive the industry forward by redefining the way industry players—from the supermajors to the independents—source information and make decisions," said Drillinginfo CEO Allen Gilmer. "Making these new functionalities available at no additional cost to users, and enabling unlimited well analysis, is part of our ongoing commitment to continue adding value for our customers."

These exploratory data analysis tools allow for easy visualization and exportation of data, enabling decision-makers to quantify the risk in reserves estimates and make confident recommendations using sophisticated, predictive, and probabilistic capabilities from Drillinginfo.

About Drillinginfo
Drillinginfo is the leading SaaS and data analytics company for energy exploration decision support, helping the oil and gas industry achieve better, faster results. The company's predictive/prescriptive decision platform combines intelligence, analytics, tools, and services in one seamless system to deliver value at every stage of the E&P process. Drillinginfo services more than 3,200 companies globally from its Austin, Texas-based headquarters, and has more than 500 employees on five continents. For more information, visit www.drillinginfo.com.

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SOURCE Drillinginfo, Inc.

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