The Permian Basin is the ‘chosen one’ for shale oil formation in Texas and New Mexico regions. Just two days before Thanksgiving, we got news that its rig count has increased and the output could be higher in 2019. For the local Texan oilman, this is bitter-sweet news this holiday season. Reported by Reuters in their weekly report, around 747 active rigs seem to be the new revenue streams. Exploration companies are banking on ramping the production as oil prices climb at the tail end of this year and elaborate oil and gas production software. With a blue-chip digitized system, there is hope that drillers will be enabled for quicker rig cutting jobs and reduce pumper oversights. The key takeaway before going for the Thanksgiving holidays hovers around the ‘wheelhouse – production capabilities’ for energy companies.
Let’s grab the latest and trendy high-level apps also aid pump operators. Further good news to cheer extends to the yuletide season – capital spending will see a 25% increase due to better software systems in active operations.
Rigzones Bolstered With Better Interpretational Platforms
Going by recent subsurface analysis, E & P companies are using the specific digital methodology and interpretational platforms requiring different expertise. It extends from the rig zone to the subsurface levels. Domain experts like geologists and geophysicists connected with reservoir engineering will benefit from choosing the right exploration software. There is a dire need to use high-level apps for a compact subsurface model that will aid other experts within the exploration company. This model is further required to be analyzed by development and the production teams to exploit hydrocarbons. Sophisticated equipment like drones is being used in the remote and far-off locations for data collection. The best system for exploration includes AI for accurate interpretation of seismic data. It also taps specific rock types for well log facies, measurement of geological data by its features and most importantly the anomalies present in the basins. But, first, take a profile view of the software that can ramp up the production in an organized manner. There are 10 different categories of software that can be integrated.
They are related to:
- Geology and seismic measurements
- Asset Management
- Back Office
- Project management
- Simulation and modeling
- Customized Oil and gas production software
- Lease operations and weekly reports
Some E & P companies still swear by the odd gaugers, pumpers and well tenders. However, the business-savvy Texan oilman eyes on blue-chip software that quickly measures up to the capabilities required to squeeze the rig sites for profits. He also needs to make sure that the pumper oversights are reduced to a considerable degree.
Spotlight On The Pumper Oversight
Human error and old machinery have resulted in the closure of many E & P companies in the last few decades. Pumpers often struggle with manual information and now big data is overwhelming them. Those who deploy oil and gas production software have propelled their chances of remaining profitable in the energy sector. They are less prone to errors and the right vendors curtail oversights during crucial operations on the rigzone. Managing pumpers and rest of the field crew comes with responsibilities for reservoir engineers. Such domain experts need to manage human resources and software systems simultaneously to keep the field assets in a well-oiled condition. They also need to be trained to perform and use the software. Onboarding operators and measuring their skills to use software is important.
Measuring The Skilled Pumper
It is not only the monthly production report that a company requires from the reservoir engineer and his team of pumpers. The job extends to other areas that eventually connect to the revenue generation.
A skilled pumper should be capable of:
- Ability to achieve results with compliances and regulations of the O & G industry in America
- Help the company to recover from economic challenges following low production
- Have clear responsibilities charted out to everyone on the field
- Adapt to digitized systems to bring results
- Work on specific production software and a shared repository
- Giving a report on performance on all metrics and different platforms
- Communicate with all departments with informed data
Reservoir engineers require performance-driven pumpers. Understanding the pumper and his attitude towards the work is another key to better field operations, without which no matter which sophisticated production systems and apps are used, they will not yield results. And this is a pure oversight of the reservoir engineer.