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WoodMac and P2 Energy Solutions to deliver data-driven insight to US energy sector

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Oilfield Technology,

Wood Mackenzie has announced a partnership with P2 Energy Solutions to better analyse current and future well spacing. This will be achieved by leveraging WoodMac’s well data and P2's lease and production unit content and will be accessible on Wood Mackenzie Lens, an entirely new analytics platform offering real time data, intuitive design and powerful visualisation.

The combined content offering will allow investment and petrotechnical professionals to quickly assess the current value of a lease or company position in the contiguous US. It also enables robust benchmarking of future reserve and resource value of assets during investment or deal screening.

Tom Wilker, senior vice president of Subsurface at Wood Mackenzie, said: "The partnership will combine WoodMac's well data with P2's lease data to perform geospatial analytics. This combination of cost, production, wellbore path and lease data will create a solution the market has never seen before. With Wood Mackenzie’s Lens platform, long, tedious valuation workflows will now take minutes, rather than hours."

Tony Sperduti, senior vice president of P2 Tobin Data Solutions, added: "The outcome is a fast, elegant solution that will provide a common language for landmen, engineers and analysts. The new capability our partnership has brought to Lens simplifies development planning for the energy investment community. We are pleased to have the opportunity to bring this to the market together."

The partnership plans to release the product in 3Q19. Working prototypes of the solution will be showcased during the URTeC conference (Booth 1323) in Denver, Colorado, US, during 22-24 July 2019.

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Upstream news Seismic news Exploration news US upstream news