Blog | Production Operations

People Matter & We Know People

People Matter & We Know People
03/02/2018
“As a Lease Operator, you are responsible for the surveillance and overall upkeep of oil and gas lease sites.” This is an excerpt from one of the hundreds of job listings for the field operator position – a.k.a. meter tenders, lease operators, pumpers – on a popular job...

P2 Develops Microsite Intended for Upstream Oil and Gas Production Professionals

P2 Develops Microsite Intended for Upstream Oil and Gas Production Professionals
11/07/2016
Site contains customer success videos, prerecorded webinars, white papers, and other resources designed to help companies achieve operational excellence Are you a field operator who’d like to be able to send more accurate and timely field data to your production accounting colleagues? Or maybe you’re a production engineer...

Rise of the Machines: How to Employ Machine Learning and Artificial Intelligence to Prevent Oil and Gas Well Failures

Rise of the Machines: How to Employ Machine Learning and Artificial Intelligence to Prevent Oil and Gas Well Failures
10/03/2016
Machine learning can be used to monitor wells around the clock and alert engineers to a possible sign of failure This is the last in a three-part series about machine learning’s applications in upstream oil and gas. This blog details how machine learning can be used to help...

Rise of the Machines: How to Use Machine Learning and Artificial Intelligence to Automate Data Analytics

Rise of the Machines: How to Use Machine Learning and Artificial Intelligence to Automate Data Analytics
09/30/2016
Machine learning can be used to automate more complicated data-processing tasks This is the second in a three-part series about machine learning’s applications in upstream oil and gas. This blog details how machine learning can be used to automate more robust analytics tasks like production forecasting and well-completion...

Rise of the Machines: How to Leverage Machine Learning and Artificial Intelligence to Optimize Your Oil and Gas Workflows

Rise of the Machines: How to Leverage Machine Learning and Artificial Intelligence to Optimize Your Oil and Gas Workflows
09/29/2016
Proper use of software can save countless man hours, but only if care is taken This is the first in a three-part series about machine learning's applications in upstream oil and gas. This blog details how machine learning can be used to eliminate tedious tasks, enabling teams to...

P2 to Host Oil and Gas Production Seminars in Houston, Denver, and Fort Worth

P2 to Host Oil and Gas Production Seminars in Houston, Denver, and Fort Worth
08/10/2016
Seminars are free to attend and will feature a “state of the industry” update, a case study, and plenty of networking and Q&A opportunities As my team and I have noted in lots of blog posts, white papers, videos, and webinars in recent months, “oil and gas production”...

Production Capability Maturity Model: How to Keep Your Upstream Oil and Gas Operations Continually Running in an Optimized State

Production Capability Maturity Model: How to Keep Your Upstream Oil and Gas Operations Continually Running in an Optimized State
07/05/2016
Armed with probabilistic production forecasts, teams can create rules that trigger alarms and tasks when predefined events occur This is the last in a five-part series about the Production Capability Maturity Model for upstream oil and gas companies. This blog covers the how to’s of keeping your operations...

Production Capability Maturity Model: How to Make the Jump From Managed to Optimized Upstream Oil and Gas Operations

Production Capability Maturity Model: How to Make the Jump From Managed to Optimized Upstream Oil and Gas Operations
06/07/2016
Work and task management processes can help E&P companies minimize health and safety risk, reduce deferments, and stretch their resources further This is the fourth in a five-part series about the Production Capability Maturity Model for upstream oil and gas companies. This blog covers the components of the...

Leave Production Forecasting to the Machines

Powered by BetaZi, a physics-based predictive analytics engine, P2 Forecast generates automatic, probabilistic, unbiased oil and gas production forecasts for upstream oil and gas companies.
05/18/2016
Creating oil and gas production forecasts can be a tedious and time-consuming job, but now no one has to do it I just finished reading “Fooled by Randomness” by Nassim Nicholas Taleb. It's a bit thick but worth the slog. It explains in great detail the human tendency...

Is Your Oil and Gas Field Data Helping or Hurting Your Bottom Line?

Is Your Oil and Gas Field Data Helping or Hurting Your Bottom Line?
04/29/2016
If data quality isn’t made the priority for E&P companies, the decision-making process could be undermined “Is our field data helping or hurting our bottom line?” It’s a question that’s rarely posed by data managers at any size oil and gas operator. The consensus in modern business, including...