Digital H2O reports the beta release of Water Asset Intelligence, an oilfield water market intelligence platform. The goal is to provide oil and gas operators complete visibility into the water marketplace and to help them mine water data via cloud computing and data analysis tools. Digital H2O has built a comprehensive database that includes over 55 million observations relating to water production, water consumption, water sources, and disposal assets. Additionally, Digital H2O is applying proprietary machine learning algorithms to forecast produced water, water demand for well completions, and utilization of disposal well assets. The company is currently building additional functionality to help provide operators better visibility into the lifecycle costs for water.
“Innovative operators will have much better information at their fingertips to make important decisions”, said Piers Wells co-founder and CEO of Digital H2O. “We help operators and service companies find opportunities to save money and use water more efficiently,” he continued.