Parametric Analysis in Automation and Optimization
Continuous and timely lift optimization on a well is dependent on the knowledge of the operational conditions of a well and its associated reservoir. When looking to maximize the economic benefit from a well at a given point in time,
Are Your Engineers Ready To Solve Problems Faster?
We asked a Production Engineer what "a day in the life" is like, and what are common challenges that are faced as an operator or engineer. This P.E. was responsible for 300 to 400 wells, predominantly rod pumps at one
Register For Our October Webcasts: Rapid Event Highlighting & Solving ESP Problems with Machine Learning Models
We are excited to announce the return of our 30-minute Webcast series. Please join us for a special 2-part edition on October 14 & 21. How OspreyData's 'Rapid Event Highlighter' Enables You to GO LIVE Faster w/ Smarter Production Analytics Part 1: Wednesday,
What is Parametric Analysis?
Parametric analysis is a common exercise employed by production engineers in well modeling and decision making. The figure above displays a set of gas injection performance plots (Oil production rate vs. Gas injection rate) resulting from a parametric analysis of
Resolving Challenges for Operators & Engineers Faster
We asked a Production Engineer what "a day in the life" is like, and what are common challenges that are faced as an operator or engineer. This P.E. was responsible for 300 to 400 wells, predominantly rod pumps at one
Managing The Transient Nature of Well Properties
The transient nature of well properties contributes greatly to uncertainty and makes optimization an ongoing challenge for the production engineering team. The figure above provides a snapshot of a few key operating parameters of a well on an unconventional formation,