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Devon Energy Uses Real-Time Data and Advanced Analytics to Make Better Decisions

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ARC wrote a white paper about Seeq and stated:  

Devon Energy has implemented advanced data historian and analytics technologies to transform its data into actionable insights that support data driven decisions. This required close cooperation between the company’s operations technology (OT) and information technology (IT) groups.

White Paper Summary:  

Like many other energy companies, Devon Energy, a leading independent oil and natural gas exploration and production company in North America, generates huge volumes of data. The company’s SCADA system monitors 6.5 million data points from multiple sites, with more than 10,000 updates per second. As we learned at a session at the recent ARC Industry Forum in Orlando, Devon Energy has implemented advanced data historian and analytics technologies to transform all this data into actionable insights that support data-driven decisions. This required close cooperation between the company’s operations technology (OT) and information technology (IT) groups. Don Morrison, Real Time Data Engineer at Devon Energy, shared his experience working with newer real-time data and analytics technologies. Devon Energy is based in Oklahoma City with on-shore operations in the US and Canada. The company’s 2017 portfolio was evenly distributed with 46 percent oil, 37 percent natural gas, and 17 percent natural gas liquids (NGL). It has a large inventory of future projects planned, mostly in western Oklahoma, southeastern New Mexico, and the Delaware basin. To continue its successful track record as an industry leader in technology, the company has nurtured a culture of innovation. This includes establishing groups to implement innovative new technologies that provide business value.

This paper and similar content can be downloaded at the Downloads section of this website.  Feel free to add comments below.

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