Interactive Oil & Gas Well Data Platform Development
to drive energy decisions with unified oil & gas data, price analytics & geospatial insights.
About
A US-based technology agency in the oil and gas sector was struggling with fragmented data sources and missed market opportunities because of the scattered access to pricing and production data. To address these challenges, they partnered with Rishabh Software to develop a unified oil and gas data platform. We integrated crucial data from a leading state Railroad Commission and the Comptroller’s office, enabling faster and more informed decision-making in a competitive landscape.
Capability
Data Analytics
Industry
Oil & Gas
Country
USA
Key Features
To address the client’s specific needs, we developed a unified geospatial platform that enabled access to comprehensive data for quick and efficient management of oil well locations, oil and gas lease management, well data analytics, and market assessment. The key features of this platform include:
Detailed Lease Report Generation
The platform generates comprehensive lease reports, providing valuable insights into lease terms, conditions, and market trends. Users can leverage these reports for in-depth market analysis and make informed decisions in competitive environments.
Report Vault
The platform includes a secure report vault where users can save generated reports and search parameters for future reference. This feature simplifies data retrieval and ensures that crucial information is always accessible when needed.
Radius Search for Well Analysis
This feature allows users to search for oil or gas wells within a specific geographic area using a radius search tool and generating a report. The tool further offers search filters that help refine data as per field and lease. It facilitates easy comparison of oil and gas well prices across different regions and helps identify profitable opportunities quickly using an oil & gas well viewer.
Geospatial Price Comparison Tool
Users can instantly compare prices of oil and gas wells in any selected region by drawing a rectangular area on the map. This feature supports generating comprehensive reports, better pricing strategies, and competitive positioning by providing clear, side-by-side price analyses.
Challenges
- Data Integration Issues: Integrating data was nearly impossible without a conversion tool to merge RRC-provided datasets with critical information.
- Inadequate GIS Tools: Basic GIS tools were insufficient for generating detailed lease reports, which hindered advanced search and reporting capabilities.
- Lack of Alert System: The absence of an alert system resulted in missed critical market opportunities.
- Manual Data Retrieval Problems: Users faced challenges with manually requesting essential price and tax details for oil and gas reserves from the Comptroller’s website.
- Decentralized Data Management: The lack of a centralized oil and gas well data platform made it extremely difficult to consolidate and access vital data efficiently.
Solution
Our team of skilled technology experts addressed key challenges, including complex data integration, periodic information updates, and comprehensive search capabilities. The developed solution significantly enhanced user experience and decision-making by providing easy access to data and efficient oil and gas lease management.
ArcGIS Integration
We seamlessly integrated ArcGIS with customized mapping features into the web platform to facilitate data visualization. This addressed the challenge of data integration by providing users with a comprehensive map to visualize and analyze RRC-registered oil and gas well locations through interactive maps and a geospatial platform.
Advanced Search Capabilities
We developed a powerful search functionality that allows users to input multiple search queries like production month, district, operator, purchasers, gatherer, lease, field, and oil/gas quantity. With this feature, users can generate detailed lease reports with accurate oil and gas analytics for informed decision-making and effective management of data.
Advanced Data Handling
We implemented a scheduler to automate the regular upload of extensive data related to oil and gas well leases, prices, production, and drilling permits. This new system ensures that the platform is consistently updated with the latest information. Users can search for specific information on the interactive map using various filtering parameters, enhancing data accessibility and analysis capabilities.
Monitoring and Alerts System
We introduced a comprehensive monitoring and alerts system that allows users to set customized alerts and track changes in permits, purchases, and pricing within selected areas. This enables proactive resource management by reducing the risk of missed opportunities and enhancing responsiveness to market developments.
Technologies Used
Project Snapshots
51%
reduction in the time required to access critical data
36%
increase in the accuracy of procurement decisions
42%
reduction in response time to market changes
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