SPE OKC Oil & Gas Symposium

Make sure to come check us out at the SPE Oklahoma city oil and gas symposium April 9-10th at the Cox Convention Center. Booth #425

We look forward to seeing you and telling you more about how we can save you time and money while providing you with real-time data about your field operations.

RDS Podcast Interview

Collin, Jake, and Rebekah after the interview

Check out a recent interview our friends, Jacob and Collin from the Oil and Gas Startups Podcast, did with our CEO, Rebekah Shipman. Rebekah describes her journey of co-founding Reservoir Data Systems and the lessons she’s learned to take it from a gauge company in the family garage to a 15 year old data acquisition and transmission company servicing nearly 100 different operators across the U.S. and the Gulf of Mexico.

Click below to listen now

Or click here to check it out on your favorite podcast app and please don’t forget to subscribe to the podcast by clicking here









The Oil and Gas Startups Podcast has quickly become one of the top podcasts in the oil and gas industry by allowing listeners access to the entrepreneurs and founders behind the companies and technologies they’ve built.

RDS awarded SPE OKC Section Gold Award

The Society of Petroleum Engineers Oklahoma City Section hosted it’s 3rd annual awards banquet on September 7th at Remington Park, in Oklahoma City. The banquet is held in recognition of the companies and individuals that significantly contribute to the section’s many networking events, conferences, and charitable fundraisers throughout the year. Representatives from over 100 organizations in the Oil and Gas Industry were involved in some way with SPE OKC’s 2018 efforts, but only 22 received recognition at the banquet. Awards are given to companies based on a points system — things such as sponsorships, presence at events, and holding a position on the board all carry weight in the point total, but there is an emphasis on volunteer time.

Due to our hardworking OKC Account Manager, Caleb Padilla, Reservoir Data Systems was presented the Gold Award at the banquet. Volunteering countless hours on the board and at each local event, Caleb is the reason RDS has become a large part of the OKC Oil and Gas community. The award is a large accomplishment for the company, considering the recognition came among large companies such as BP, Patterson UTI, Weatherford, Schlumberger, and Baker Hughes.

URTEC 2018!

We’re exhibiting once again at the most exciting Oil and Gas Industry symposium in the country — Unconventional Resources Technology Conference! URTEC always promises to showcase the newest tech, and this year is no different…stop by booth 2320 to see the latest from Reservoir Data Systems.

Have you read this whitepaper?

SPE paper : 189835

Delineating Stacked Pay with Existing and Emerging Diagnostic Tools

by K. Haustveit (Devon Energy), H. Greenwood (Devon Energy)

Here at RDS, we have carved out a couple of niche specialties in the industry — Diagnostic Fracture Injection Tests (DFITs) and offset-well pressure monitoring. Although DFIT technology was pioneered many years ago, we continue to capture a significant number of these tests due to the valuable information they provide. Often, these tests are ordered by reservoir engineers simply hoping to improve the input values of their models, but lately, we have noticed some innovative individuals taking a different slant on the more traditional applications. These engineers understand DFITs to be another tool in their toolbox that helps to uncover those reservoir mysteries and unknowns, and in the case presented in this whitepaper, the authors use the findings from DFITs to evaluate potential pressure barriers as part of a multi-pronged approach to delineating stacked pay.

Few folks will argue that stacked pay is not an attractive quality when evaluating an asset. However, it does add another level of complexity in determining the best approach for proper development. Understanding reservoir qualities and fracture geometries are vital in this endeavor. This paper discusses the use of DFITs, offset pressure monitoring, radioactive proppant tracer (RA), and electrically conductive proppant in order to better reach that understanding. The authors make a clear case and point out that better data, in regards to fracture barriers and fracture height, can directly aid in both optimization and risk mitigation. The authors also state that the costs of these tests are “easily offset and justified.”

Overall, this is a good read through the lens of an innovative and science/data-driven operator, that addresses prevalent issues in the development of stacked pay in unconventional reservoirs.

The paper can be downloaded HERE from OnePetro.

Have you read this whitepaper?

SPE paper 169539:

Diagnostic Fracture Injection Tests: Common Mistakes, Misfires, and Misdiagnoses

by R.D. Barree, J.L. Miskimins, and J.V. Gilbert, Barree & Associates.

Over the last twenty years, Diagnostic Fracture Injection Tests, or DFIT’s, have evolved into commonly used techniques that can provide valuable information about the reservoir, as well as hydraulic fracture treatment parameters. Thousands are pumped every year in both conventional and unconventional reservoirs. Unfortunately, many tests that are pumped provide poor or no results due to either problematic data acquisition or incorrect analysis of the acquired data.

This paper discusses common issues and mistakes made while acquiring DFIT data, and provides details of what the author believes to be guidelines and rules of thumb on how to avoid them. It goes on to addresses potential problems that can occur during DFIT analysis, and more specific issues such as poor ISIP data from perforation restriction, loss of hydrostatic head, gas entry and the resulting phase segregation, and the use of gelled fluids.

Although industry thought-processes may have changed slightly since the paper was published in 2014, the ideas presented by the author are as relevant as ever   — remember, you only have one shot at performing a DFIT correctly!

The paper can be downloaded HERE from OnePetro.

Real-Time DFIT Data – A Case Study

Several months ago, Reservoir Data Systems was called upon by a notable client to provide real-time solutions on a large-scale data project. The client allocated an annual budget of $500k for the project, with the hopes of capturing DFITs on 50 wells ($10k being the average expected cost per gauge rental per test). Using memory gauges, the average test time was 20 days.

By utilizing Reservoir Data System’s EBOT Surface Pressure Gauges, FLOWBOT Flowing Rate Meters, and proprietary FASTRACK Real-time Communications Package, the client was able to view the data in real-time, which would result in significant gains of cost and efficiency.

By means of the RDS user portal, the client was able to visualize the tests in real-time  — they were able to actually see the pressure data, rather than hoping the memory gauge had captured everything reliably. Receiving the data instantly also allowed the customer to perform rolling analyses on each test, effectively cutting the total time of each test in half.

RDS Real-time Case Study Savings Figures

The significant time savings allowed the client to capture an additional 60+ wells of data while staying within the original budget. The incremental cost to perform the same amount of tests using the memory gauges, at twice the test length, would have increased their budget by over 600K.

The Reservoir Data Systems FASTRACK Real-Time Communications Package gives users a quick, easy, and cost-effective way to integrate real-time data into their operational processes — we help our clients make better, smarter, and faster decisions, while saving them both time and money.

RDS Real-time Benefits

For more information, CLICK HERE!

2017 Year in Review & Looking Ahead

Season’s Greetings from RDS!

It’s been a productive 2017 for us as the industry has started to respond to improved market conditions, and we are proud to say that we did not sit idle during the recovery period. We instead used the past year to strategically improve upon our services, grow our team, and continue to advance our company.

As another year of growth and reflection comes to a close, we would like to take a second and share a brief overview of the industry trends we observed over the past 12 months.

2017 saw a sizeable upsurge in onshore activity from clients who are major players in oil and gas — and it’s no surprise that a substantial amount of this activity was in the Permian Basin. We observed an increased demand for our REAL TIME data transmission services coupled with EBOT (surface) and JBOT (downhole) pressure gauges, as operators have once again begun placing emphasis on better understanding reservoir characteristics. We are seeing more DFITs and Frac Interference Monitoring with the operator’s intent of applying captured depletion, net pressures, BHP, etc. to their “big data” systems to make more informed decisions going forward.

It is also worth mentioning that we noticed different strategies employed by our small to mid-sized E&P clients. Many of these, particularly the smaller, private equity-backed, have begun using RDS to perform DFITs to better understand recently acquired fields, or to expand upon portfolio details in preparation of marketing their acreage position. Additionally, in this class of operator we saw a rise in both interest and utilization of newer technologies relating to Frac Interference Monitoring and emphasis placed on well-spacing optimization.

Looking at trends for 2018, we anticipate activity levels to improve further still as confidence in the market is restored and companies are eager to advance the development of existing acreage and prove up new acquisitions.

On the RDS front, next year will see the release of innovative new service lines and tools, and a full reimagining of our online portal that will change the way you receive data!

Best wishes to all for 2018, and stay tuned for more updates after the New Year. Have a safe and happy Holiday Season!

— The RDS Team

Hurricane Harvey Relief

Though much of Texas’ coast is still reeling from the initial blow of Hurricane Harvey, it has been subsequent flooding that has brought massive and wide-reaching devastation to the Greater Houston Area and beyond. The painful sting of loss and ruin knows no race, gender, creed, or social status – it is a universal hurt that is shared by everyone.

 

Headquartered in the Houston area, Reservoir Data Systems is no stranger to the wicked weather patterns of the Gulf Coast, and though we’re not invulnerable to acts of God, we count our blessings to be amongst the lucky few to have escaped Harvey’s wrath. That being said, our heads hang low and we weep for our brothers and sisters that did not fare as well — our hearts lay broken amongst the wreckage of so many family homes, businesses, schools, and places of worship.

 

Regardless of circumstance, it is in times like these that the human spirit is insurmountable. Families, neighborhoods, and communities will all band together, hand-in-hand, with love, compassion, and selflessness, to rebuild.

 

In the challenging months ahead, the RDS family will stand steadfast with Houston on it’s turbulent road to recovery. Working in tandem with Second Baptist Church, we hope to provide whatever assistance needed to as many of those that need it.

 

If Hurricane Harvey has impacted you or someone you know, or if you would like to join us in volunteering, please reach out to us and let us know.  Share or visit this link to Second Baptist’s homepage for relief support, volunteer opportunities, and donations.

 

www.second.org