Oil + Gas
Explore, Understand and Optimize Efficiencies in Drilling and Completions
The oil + gas industry sees large price swings based on supply and demand. There is great potential to optimize efficiencies and leverage data-driven solutions in the upstream, midstream, and downstream processing of oil and gas.
Analysts in oil and gas face the challenge of accessing, joining, and analyzing data from many different sources. Often, this requires proper tools, time, and teams to manage the analysis efficiently. Alteryx empowers oil and gas analysts with self-service data analytics, allowing them to prep and blend data from all sources, and apply analytics — predictive, statistical, and spatial — to deliver deeper insights in hours, not weeks, all through a repeatable workflow, no coding required.
Alteryx can help Oil + Gas analysts to:
- Prep and blend multiple data types — spatial, geological, seismic, weather, and more — to make more informed exploration decisions for drilling and bidding
- Leverage predictive analytics to anticipate outages, determine the root cause of failures, and minimize downtime
- Compare the actual versus estimated costs at the well level and calculate other key performance metrics aligned to capital investment to better understand drilling and completions
- Analyze infill drilling performance to produce more out of existing acreage and compare average delta performance between neighbor wells and previous parent wells to maximize labor and time