Digital H2O has launched Water Asset Intelligence, an oilfield water market intelligence and management platform. The goal is to “provide oil and gas companies complete visibility into the oilfield water landscape in order to help them optimize their water logistics utilizing world-class data analysis tools,” he company noted. Digital H2O launched Water Asset Intelligence TM for beta testing earlier this year with large oil and gas companies, including the most active driller in the Permian Basin. Water Asset Intelligence is currently available for customers with operations focused in Texas. The company plans to expand platform coverage to additional oil and gas geographies in North America soon.
Working with its beta participants, Digital H2O has built an expansive oilfield water management tool. The database includes over 70 million observations in Texas alone relating to water production, water consumption, water sources, and salt water disposal assets. Digital H2O is applying proprietary machine learning algorithms to these data-sets to accurately predict produced water, water requirements for well completions, the utilization of disposal well assets, and to optimize water transportation logistics. “Digital H2O brings the power of world class Big Data to the discipline of oilfield water management. Upstream oil and gas companies now 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.”
The company also recently announced that Tom Halbouty, who recently retired as chief technology officer and chief information officer of Pioneer Natural Resources, was elected to the company’s board of directors.