Right now more than ever, operators are looking to enhance their OBO data set, share data, and easily divest or bring on assets and the data that goes with them. PDS’ proprietary software sits atop dozens of our clients well databases (seamlessly integrating with WellView, OpenWells, etc.) allowing PDS to exchange daily report data in a near real-time environment between partners. No more hoping the scanning and mapping process hits 50% accuracy…. our normal is 100%. We are also able to, in most cases, rebuild your OBO data into our easy-to-use structured environment, undeniably increasing the value of the assets as well as enhancing your ability to utilize that intelligence for your own operations. Our clients’ typically exceed 70% of their non-op production volumes within 4 days, versus the 90-120 days when obtained through the traditional providers. Simple analogy – try selling a corporate aircraft with no maintenance records.
PDS Energy Information has a nearly 30-year history of managing the secure distribution of partner data for our clients. Borne out of the need to ensure compliance with JOA, Lessor, and Statutory reporting obligations, our data integration capabilities enable us to drive near real-time efficiencies.
PDS currently manages not only standard partner sharing obligations, but substantial asset/basin wide data sharing arrangements. If you are interested in learning more about what your peers are achieving around revenue tracking, OBO data integration and asset value enhancement, give us a call.