Analytics

Data Never Lies

As computing power increases, the wealth of data that can be collected and analyzed can profoundly change companies, and even entire industries.

For an easy example, Baseball and other sports have completely changed their on-the-field strategy as new information was collected and analyzed. As a result, the game itself has transformed - if you don’t embrace analytics, you will lose.

The Oil and Gas industry has reaped similar rewards – companies looking for a competitive edge have embraced the latest in data compilation strategies and analytic technologies to leverage the incredible power of information. In short, “invisible inefficiencies” are made clear, trends become visual, failures become predictable, and production becomes maximized.

The interesting part of this is the speed at which it can be accomplished. Advanced analytics can be very profitable very quickly, especially when you have a partner like Raska Analytics and Flow on your side.

Analytics Services

Raska Analytics and Flow offers a wealth of data collection and analysis services that focus on giving you a competitive edge. We use the latest in technology and make sure it’s operational across the most effective collection points – be it in the field, in a pipeline, on the road, or in an office, almost all Oil and Gas related commerce and activities generate incredibly useful data.

·      Raska will help you identify the data to be captured.

·      Raska will ensure that data is collected.

·      Raska will then work with you to analyze it. This is where we truly separate ourselves, as we have the expertise to ascertain exactly what the data tells us, allowing you to make the most effective, efficient, and profitable decisions.

Click here to schedule a consultation, or e-mail us if you have any questions.

Data Collection and Analysis Terms and Activities

We will mention of a few points regarding the data collection and analysis tools and strategies we use. This is hardly exhaustive – if you don’t see what you are looking for, contact us anyway. We’re sure to be able to meet your needs.

Supervisory Control & Data Acquisition (SCADA) systems

Supervisory Control & Data Acquisition (SCADA) systems are one of the best ways to improve efficiency, simplify operations, and promote safety.

SCADA systems gather operational data from field instruments in real time, allowing both a true picture of operations, and the ability to alert management if anything is abnormal.

But the biggest takeaway is compiling operational data from field instrumentation and presenting it in an intuitive, business-friendly visual format. This allows for an instantaneous big-picture view, and brings inefficiencies into clear focus.

SCADA systems are incredibly useful to companies of all sizes, and can have a positive ROI in as little as one month.

Advanced Analytics (The Big Picture)

Accounting doesn’t know about the SCADA data. Land records and drilling reports have always been separated. Operations and sales have common denominators, yet neither knows it. These are common inefficiencies.

Our services touch every aspect of your operations, and can find key links between them that can drastically change operations for the better. It’s about getting all of the numbers, and then working with them.

Data Visualization

Spreadsheets have their uses. Spreadsheets are also easy to ignore and/or miss data amongst all the numbers. Ok, we’ll just say it: spreadsheets are boring.

We use spreadsheets, but Raska also embraces visual data whenever possible. Because that’s far more useful to you. This can also work with your KPI’s (Key Performance Indicators). Raska can help align your data with your KPI’s to ensure that you are meeting your set goals.

Predictive Analytics

Using advanced statistics, machine learning, and human intuition, a predictive model can be created with astonishing accuracy. One quick sample: predicting the decline rates of wells can lead to decisions that never would have been made otherwise. Let the competition be caught by surprise.

A Second Set of Eyes

Do you have data and don’t like (or understand) what it is telling you? Would you like a second opinion? Contact us – we’ll help.

Raska is Ready to Help

Raska stands ready to assist you with any data analytics services you require, whether it’s simply working with what you already have, or developing a complete solution from the ground up. Click here to schedule a consultation, or e-mail us if you have any questions.