R. Lacy Turns a Down Market into Opportunity
公司规模
Mid-size Company
地区
- America
国家
- United States
产品
- TIBCO Spotfire
- TIBCO Professional Services
技术栈
- Data Analytics
- Decline Curve Analysis
实施规模
- Enterprise-wide Deployment
影响指标
- Cost Savings
- Productivity Improvements
- Revenue Growth
技术
- 分析与建模 - 预测分析
- 分析与建模 - 实时分析
- 功能应用 - 远程监控系统
适用行业
- 石油和天然气
适用功能
- 商业运营
- 质量保证
用例
- 预测性维护
- 资产健康管理 (AHM)
- 过程控制与优化
服务
- 系统集成
- 数据科学服务
- 软件设计与工程服务
关于客户
R. Lacy is an independent oil and gas exploration and production company with core operations in east Texas. The company is known for being an efficient, low-cost operator and aims to leverage its talents to find high-quality acquisition candidates. R. Lacy focuses on making better business decisions in developing its own assets and acquiring new oil and gas properties. The company aims to provide decision-makers with granular data access to improve profitability and operational efficiency.
挑战
Recently, the oil and gas industry has experienced a sharp decline in prices, putting a strain on cash flows and project economics. R. Lacy Services saw this as an opportunity to acquire oil and gas assets at lower evaluations. However, the company faced challenges with inefficient data capture and data stored in multiple sources, which hindered their ability to make informed decisions. The goal was to provide decision-makers with 24/7 access to data to improve profitability and identify high-quality acquisition candidates.
解决方案
R. Lacy implemented TIBCO Spotfire, a data analytics platform, to achieve its objectives. The engineering department uses Spotfire to access the data needed to maximize assets and improve overall profitability. The platform is intuitive and flexible, allowing the company to build analytics dashboards on the fly. TIBCO Professional Services were also leveraged for custom solutions and to integrate decline curve analysis into their processes. This integration helped predict future well production and identify production problems, improving the efficiency of reserves analysis.
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