Artis Consulting Releases New Solution to Reduce Drilling Days
Richardson, TX – October 25, 2018 – Artis Consulting, L.P. announced the release of a new oil and gas analytics solution. The Rate of Penetration Optimization solution helps reduce the time it takes to drill a well. Typically, it takes between 20 and 25 days to drill an oil and gas well in the Permian Basin at costs of up to $100,000 per day. The key to reduce drilling days is selecting the right drill bit and drilling configuration. AI makes Drilling Engineers more effective by recommending optimized combinations of equipment and settings.
This solution uses publicly available drilling logs from the Permian Basin to create a performance library for drilling bits and settings under different lithologies. Using a machine learning model, this solution helps drilling engineers be more effective by recommending optimized combinations of equipment and settings to maximize rate of penetration (ROP). The solution is published in Microsoft’s Power BI Solution Showcase, where you can interact with the Power BI dashboard and watch a video description of the solution. “We are excited to release this solution to the market and partner with Microsoft in bringing new drilling efficiencies to our collective oil and gas customers” said Jeff Johnston, Analytics Practice Lead for Artis Consulting.
Artis Consulting is a professional services firm dedicated to delivering Data, AI, IoT & Custom solutions that provide the right information, to the right person, at the right time. With our business-centric approach, Artis Consulting helps our clients transform their organizations through improved insight and productivity.
Founded in 2002, Artis Consulting is part of the Microsoft Partner Network and holds numerous Gold and Silver Competencies across Data Analytics, Data Platform, Cloud Platform, Application Development and Productivity solutions. We bring experience and expertise focused solely on helping companies like yours leverage corporate information for improved performance. For more information visit www.ArtisConsulting.com or contact us at (972) 702-9500.