How Prescriptive Analytics Can Reshape Fracking in Oil and Gas

By Ayata CEO Atanu Basu for Data Informed

The United States is re-emerging as an energy superpower. According to the International Energy Agency, by 2016 the U.S. will surpass Saudi Arabia and become the world’s largest oil producer.

Atanu BasuHow Prescriptive Analytics Can Reshape Fracking in Oil and Gas

Six Ways Prescriptive Analytics Can Improve Energy Exploration and Production

Over the last year we have been talking with some of the largest oil and gas companies in the U.S. about using Prescriptive Analytics with Hybrid Data to help improve exploration and production. Many are starting to “dip their toes” into the technology. One of the things they’re recognizing is the need to factor multiple types of data that the exploration and production processes generate, including:

  • Images from well logs, mud logs and seismic reports
  • Videos from down-hole cameras of fluid flow from hydraulic fractures
  • Sounds from fracking collected by fiber optic sensors
  • Text from drillers’ and frac pumpers’ notes
  • Numbers from production data, artificial lifts
Atanu BasuSix Ways Prescriptive Analytics Can Improve Energy Exploration and Production

Remembering the Origin of Prescriptive Analytics

Just a few months ago, if you did a Google search on the term “Prescriptive Analytics,” you would pull up a couple of sites for information: the Ayata website, a Wikipedia entry and an article by TechTarget that defines the technology.

Atanu BasuRemembering the Origin of Prescriptive Analytics

Shale, Big Data and the End of Saudi Reign at the Pump

Late July 2013, news broke that the kingdom of Saudi Arabia was facing the unthinkable—a shortfall of oil export revenue. A report to the kingdom’s oil minister published on Twitter cited the rising production of U.S. shale oil as a major reason behind decreased demand.

Atanu BasuShale, Big Data and the End of Saudi Reign at the Pump