Digital H2O Launches Major Update to Water Asset Intelligence™, the Industry-Leading Digital Oilfield Water Management Platform
Summary
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. 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.