More than
100,000,000
Models built by datarobot customers

Finding New Oil and Gas Sources

DataRobot can use the many variables and characteristics of your data to predict the most profitable oil and gas wells.

Industry

Energy

Why DataRobot

With the click of a button, DataRobot can build the most accurate model to predict which locations will produce the most crude oil and raw natural gas at the most efficient cost.

Highlights
  • Create models in a fraction of the time
  • Eliminate the risk of excess exploratory spending
  • Optimize current assets sooner, creating shareholder value

Challenge

The Energy industry wants to have a more complete view of assets. With the current price of oil, companies need to look across and identify those wells that will be the most profitable so that they can allocate assets appropriately. It is this timely and accurate information that is required to deliver shareholder value.

Solution

DataRobot combines information from all your applications and repositories, using many variables and attributes, to build extremely accurate predictive models for a project. From these models you can determine which assets are most worthy of further exploration. As a result, you deliver more value to shareholders by leveraging assets effectively and minimizing cost and risk.

Results:

  • Decrease cost by eliminating unproductive project sites
  • Increase shareholder value by leveraging the best assets quickly and at a lower cost
  • Build and test the best predictive models, in hours not months

Do you have a similar case?

DataRobot did it once before, in the following we will get an even better result and exceed your expectations. Contact us to find out how we can solve your problems.

Contact us