New Laws, Technologies Lead to Continuing Increase in Oil and Gas Litigation

The past few years have seen a dramatic increase in the number of unconventional oil and gas-related lawsuits, with Texas seeing the most activity, followed by Oklahoma, Pennsylvania, Ohio and Louisiana. New trends and areas of litigation have also emerged over the past few years, and industry participants will continue to confront the challenge of adapting to emerging and often differing state laws, as well as a continually evolving legal landscape as landmark cases are decided by the courts.
[Read more…]

Data Driven Models…The Tide of Opportunity


“There is a tide in the affairs of men which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life is bound in shallows and in miseries.”
William Shakespeare (Julius Caesar)

It’s hard to escape the chatter about “big data”. Evangelists talk of volume, velocity and variety of data across business verticals and the impact that big data will have on traditional analytics. Certainly, surfacing trends and identifying relationships and correlations in a multivariate, multivariant and multidimensional system provides food for thought. But does big data without business context provide any knowledge that enriches upstream decision-making?
[Read more…]

Let Your Data Do the Talking – A Three Part Series

Part 1. The Generation Y Opportunity
Part 2. Data Driven Models for the Real World
Part 3. What Next for Advanced Analytics?

Leveraging your data to take advantage of the big crew change

One of the greatest challenges facing our industry today is managing the ‘Big Crew Change’. Anticipating the impending shortage of technically proficient personnel as they exit stage right, we are faced with not only an experience gap, but also a fundamental difference in the way that the next generation thinks. What cannot be quantified is the extent of the impact of this demographic shift. What type of changes in efficiency and performance might we anticipate if about 20 percent of the business has fewer than 5 years of pertinent experience?
[Read more…]

Big Data: Issues for the Oil and Gas Industry to Consider

Big Data Defined

“Big Data” is important to all industries. But what is it and why is it important to the oil and gas industry? Big Data can be defined using the three “v’s” — volume, velocity and variety. Volume is the “big” in “Big Data”. Unprecedented amounts of data are collected from a proliferation of PCs, tablets, mobile and phones. But that’s not all. Special purpose devices and sensors collect data. Data centers, satellites, cell phone towers, sensors on extraction equipment, and buoys in the ocean all collect and contribute to an unprecedented volume of data. [Read more…]