American Oil and Gas Reporter - November 2024 - 60

SpecialReport: AI and Computing
Production volumes and artificial lift
data captured by pumpers are instantly
available for analysis inside dashboards
and an extensive library of prebuilt reports.
These include a custom line pressure
report that the solution provider has built
quickly to support Monterey's artificial
lift tracking and production optimization.
Well Data Clearing House
Monterey's field mobility and cloud
reporting solution creates a digital backbone
that begins with validated pumper
data entry and flows along interconnected
links by department, including engineering,
production accounting, well work, logistics
and management. Data flows both ways,
enabling well data, run tickets, engineering
analyses and KPIs to drive cross-disciplinary
decisions. This includes sharing
the insights and results generated from
daily lease assessments with the field
staff responsible for capturing the data.
When pumpers see the impact of their
contributions, their productivity and job
satisfaction increases.
By creating a centralized clearing house
of high-quality well and production data,
Monterey leverages its digital backbone
to power additional workflows. For example,
regulatory reports that previously
burdened staff with manual data wrangling
and report building now can be automatically
generated from Monterey's well data
clearinghouse using a prebuilt OCC report,
simplifying compliance and enabling staff
to redirect time into other priorities.
Workflows outside the solution also
are supported. With a single click, users
can export dashboards, report views and
other data into spreadsheets and other
applications for further analysis.
The solution integrates with Microsoft
Excel to support Monterey's existing
workflow for reservoir engineering and
production optimization. Engineers easily
can bring production data into spreadsheet
workbooks, which, in turn, feed data into
Microsoft PowerBI. Data and decline
curves extracted from the field mobility
and reporting solution also are used to
forecast production and justify reservebased
lending with Monterey's lenders.
Monterey intends to expand its operations
by acquiring additional assets in its
area of interest. By building a digital
backbone that tracks historical asset performance
by acquisition, the solution provides
an important capability to report on
individual acquisitions or roll up assets
for a complete view, assisting in return
on investment analysis. The company's
efficient well and master data management
also accelerates returns by enabling it to
onboard assets with speed and efficiency.
Sustaining Operational Excellence
Monterey's digital strategy for field
operations and production management
provides a throughline that connects its
entire team with data and actionable insights
at their fingertips, optimizing business
performance throughout the day and
setting Monterey up to meet its growth
objectives. It has become an integral part
of the day across its organization, from
the desk of the managing director monitoring
KPIs to the hands of pumpers.
Field adoption is where many digital
oil field initiatives live or die. The success
of Monterey's choice of pumper apps
Drilling for American
Energy Independence!
With a fleet of high-spec AC & SCR land rigs, Latshaw Drilling is positioned
to meet our customers' requirements now and for the foreseeable future.
These capabilities derive their strength from our seasoned work force who
are the backbone of our company. We take pride in our men and women
who work hard every day to bring America closer to energy independence!
Give us a call today!
Joseph Hudson | SR VP, Marketing/Sales | 281-841-5241
Leroy Peterson | VP, Contracts | 432-889-8884
Jonathan Leininger | VP, Business Development | 903-954-0820
One of America's Leading Drilling Contractors!
© 2024 Latshaw Drilling
www.latshawdrilling.com
http://www.latshawdrilling.com
American Oil and Gas Reporter - November 2024

Table of Contents for the Digital Edition of American Oil and Gas Reporter - November 2024
