TULSA, Okla., March 9, 2015 – Stonebridge Consulting, a leading provider of business advisory and technology services for next-gen oil and gas, today announced the launch of ENERHUB™, an oil and gas solution that bridges the gap between information and people by addressing operational inefficiencies that cost upstream companies millions of dollars annually.
ENERHUB enables operators to increase operational efficiencies, optimize assets and make informed business decisions by providing a number of benefits, including:
- Capture data once and automate distribution across source systems and departments
- Reduce cost and timeline by 25% for mergers and acquisitions
- Benchmark operational and financial performance against competitors
- Apply a structured approach to core system setup and process standardization
- Reduce time reconciling and compiling through a centralized hub
- Audit data management activities across the enterprise
- Enable proactive decision-making throughout the lifecycle of a well
According to Stonebridge Consulting President Adam Hutchinson, ENERHUB offers a holistic “one stop” solution for bringing greater operational efficiencies to oil and gas producers through better reporting, process standardization and data management. “With ENERHUB, you can optimize your people assets across regions and plays by providing a centralized ‘hub’ solution to automate data movement between systems, standardize reporting and provide reliable data for decision making,” Hutchinson said.
ENERHUB Enterprise Director William “BJ” Cummings said, “By reducing manual departmental handoffs and data gathering for all levels of your organization, from the field hand to the board room, ENERHUB optimizes assets – in the office, the field, and IT – and generates significant, measurable cost-savings, essentially transforming your internal operations into a real competitive advantage.”
ENERHUB consists of three core components: Well Portal, Analytics and Data Manager.
Well Portal – a centralized, search-driven well information “hub” that enables users from multiple disciplines to:
- Optimize decision making through access to reliable data, rich map-based visualizations, operational analytics, and electronic well files
- Leverage existing ArcGIS maps and connect directly to other data sources, including third-party competitive intelligence, and associated well documents
- Perform map-based searches on specific wells and visualize well performance in charts, graphs, and reports
Analytics – a suite of analytical tools, visualizations and reports enabling:
- Role-based analytics and reporting (tech, engineer, foreman, management, executive)
- At-a-glance views of relevant metrics driving business performance
- Completion optimization to study offsets, fluids, laterals, and proppants
- Drilling analytics to monitor activity, control spending, reduce failures, and improve cycle times
- Production surveillance to monitor actual performance to forecast, limit downtime, and optimize production
- Financial reporting to analyze organizational performance from prospect to well in terms of revenue, expense and capital results
Data Manager – a master data management solution to cleanse, integrate and manage information by:
- Automating and synchronizing information across the well lifecycle
- Blending well information from internal systems and third-party competitive data
- Streamlining the acquisition process as you incorporate new wells into your asset base
- Notifying targeted staff/departments as well as updating systems in near real-time as key well events occur
- Empowering the business to manage data by understanding exceptions
- Establishing rules to enforce data quality, initiate workflows, and manage exceptions
- Matching rules to automate cross-referencing of key data
“Our pilot client was able to reduce M&A costs by more than 25% with ENERHUB,” Cummings said. “We estimate that ENERHUB can generate millions of dollars in annual cost savings for a mid-sized upstream company especially if the company is absorbing or purging assets regularly through M&A.”
About Stonebridge Consulting
Stonebridge Consulting provides business advisory and technology consulting services that help oil and gas companies produce hydrocarbons efficiently and safely, optimize volumes, increase margins, and maximize returns. Headquartered in Tulsa and with offices in Houston, Oklahoma City, Dallas, Denver and Pune, India, we serve the oil and gas industry exclusively, with an emphasis on upstream, midstream, downstream and oilfield services companies focused on resource plays in North America. Stonebridge Consulting is a division of Stonebridge Acquisition, Inc., a Tulsa-based corporation. More information is available at www.sbconsulting.com.
NOTE: ENERHUB™ is a trademark of Stonebridge Consulting. All other trademarks or registered trademarks are the property of their respective owners.