The requirement for effective and efficient methods of managing water will increase in urgency as oil production attains strong growth.
FREMONT, CA: Water management is a vital and rapidly growing link in the energy value chain, providing rise to highly specialized midstream firms. Water management service providers resemble upstream operators in several ways. Operators and water management service providers should track produced volumes, monitor production trends, limit well downtime, and respond to problems in the field. As a midstream firm, these service providers also share common business hurdles with companies that collect, transport, and store oil. They share similar requirements to attract and compete for contracts, accurately perform accounting and invoicing and handle right of way ahead of planned infrastructure.
Oil and gas operations pay to have produced saltwater hauled from well sites, whether by truck or pipeline. Fees can be a determining factor, so anything service providers can do to reduce their costs is a competitive benefit. These firms must also track water volumes and respond to trends in their markets, like declining water volumes that indicate the business is falling off and where to focus. But the end products from automated systems are often a spreadsheet, which has to be manually aggregated and formatted to offer an overarching, operational view. It’s time-consuming, mistake-prone, and delays tactical decisions.
Remediating the field data management problem starts by bringing scattered sets of field data together in one validated data hub. Mobile field data gathering applications assist field operators record and validate water volumes and other data on their phone or laptop instead of a paper or spreadsheet. Cloud-powered field data gathered solutions also help integrate data in real-time, offering water management service providers up-to-date and accurate field data. The cloud also offers seamless reporting and analysis on any device with a web browser. Such solutions can be quickly developed to each service provider’s business requirements and key performance indicators to develop a precise operational view.