Our updated platform enabled one of our largest customers, a top five oil and gas producer in the Permian Basin, to achieve a substantial water cost savings of approximately $400,000/month for a specific development area. - Piers Wells, CEO, Digital H2O
Chicago, IL (PRWEB) October 04, 2016
Digital H2O announced the second generation release of its flagship Water Asset Intelligence™ platform, which provides customers with new features and significant functionality updates for the cost-effective and sustainable management of water in oil and gas production. The platform’s proprietary data model and predictive algorithms provide exploration and production companies, oilfield service companies, and private equity firms with the tools to uncover opportunities for increasing efficiency, reducing costs, and identify new business opportunities.
The platform’s sophisticated water production analysis and predictive water modeling capabilities aid in water planning, forecasting, and transportation optimization. This latest release of Water Asset Intelligence includes valuable improvements to its industry-leading water transfer insights module, as well as updates to the user interface and design. With greater visibility into produced water transport and disposal, the platform update enables better logistics optimization and a greater understanding of the market and competitive landscape, providing unparalleled visibility into the oilfield water marketplace.
Digital H2O developed and tested the updated Water Asset Intelligence platform in partnership with several major oil and gas producers and service companies, including Anadarko Petroleum, Apache Corporation, Laredo Petroleum, and NGL. Jim Kahler, the former Manager of Strategic Planning & Market Analysis at NGL, a beta participant for the development of the new platform commented, “Of all the analytic products that I purchased and used, yours was by far the best. I think the energy industry is desperate for more products like Digital H2O.”
Piers Wells, CEO of Digital H2O, explained, “Our customers have helped us achieve a laser focus on their water management work-flows, which has been instrumental in helping us develop the right mix of a world-class user experience and the data analytics that create significant value for our customers. Our updated platform enabled one of our largest customers, a top five oil and gas producer in the Permian Basin, to achieve a substantial water cost savings of approximately $400,000 a month for a specific development area.”
Platform enhancements also provide increased insights into fracture chemistry at the individual well-level and at aggregated levels, including fracture types, chemical types, and production volumes to help customers identify trends between fracture chemistry and the resulting oil production. Additionally, clients can now calculate well decline curves and build well-level financial models by unbundling and exporting production trends.
To learn more or request a demonstration of Digital H2O’s Water Asset Intelligence platform, visit: http://digitalh2o.com/demo
About Digital H2O
Digital H2O is an award winning digital oilfield Solutions Company focused on developing software tools for the end-to-end management of water in oil and gas operations. Its technology leverages advanced data aggregation techniques and sophisticated analysis to uncover new economic opportunities and reduce the lifecycle cost of managing water for numerous stakeholders across the oilfield.
Founded by unconventional energy and IT experts, Digital H2O seeks to simplify and advance the way its customers navigate the oilfield water landscape, while promoting the sustainable use of water resources in energy production. For more information or a live demo visit: http://digitalh2o.com