Use DI Basic to make projections and make forward-looking decisions in a dynamic landscapeOil and gas data software must provide a lot of value to clients or it just isn’t a worthwhile investment. Given the challenges of keeping up with regulatory changes, conflicting news reports, big producers selling assets, and other activities, software has to be flexible, accurate, user-friendly, and analytical all at once. The current oil and gas landscape presents so many challenges, software must practically predict the future for it to be useful.
Know When to Buy and Sell
Bloomberg reports that some producers are selling their fields for more capital. If you need to know what’s on the market or need to make a few sales of your own, use DI A&D and Marketplace. DI A&D is where users buy or sell prospects and production, while Marketplace is for seismic and equipment listings. Use both to research the competitive landscape of an area.
Create Custom Financial Projections
You can’t underestimate the importance of estimating future expenses and production volumes. So much energy news focuses on the future, but this is often shaped by points of view that aren’t relevant to you. Sometimes, future projections just aren’t clear, even when experts dig deep to make projections. Wouldn’t you like to make your own analyses, based on your specific goals and circumstances? Get more insight on financial data with DI Basic. It contains simple analytics tools that take the mystery of economic and production analyses. The ability to customize production and financial projections is especially important for anyone in a role related to finance, accounting, or research role. DI Basic also gives users the option to export data.
Anticipate Legislative Changes
As more energy and government leaders, like John Boehner, call for the repeal of the US export ban, companies need tools that help them manage legal changes. If the ban is reversed soon (or other laws change), it will be more important than ever to use software that delivers accurate production data. No matter which laws may change in the future, great software can help you comply with the changes. DI Desktop, part of DI Basic, contains useful features, like reports and graphs, that keep you informed of any possible effects laws may have on production and revenue. We update data regularly and data comes from multiple, trustworthy sources.
Focus on Future Areas of Interest
Tracking activities can be difficult, especially as laws change. Currently, more export and production opportunities are opening up in Mexico and other places. Get important updates on areas of interest and you can determine a lot about competitors and different activities in an area. VirtualScout™ helps you create email alerts to track permits, completions, and other activity. With these automatic email alerts, you never have to worry or wonder what’s going on─you’ll be the first to know.
Use Comprehensive Data for Future Planning
How much better would your strategic planning be with access to 2 million well logs, including emerging unconventional plays? A lot better. DI Basic provides well logs, well histories, and completion data that are critical to understand, past, present, and future production.
Even though the future is uncertain, the right tools can make your oil and gas predictions crystal clear. DI Basic is an innovative and comprehensive tool that can help you capitalize on the future, no matter what it brings.
What do you think? Leave a comment below
Latest posts by Joanna Ebizie (see all)
- How to Survive the Drop in Oil Exploration - November 17, 2015
- Find The Oil and Gas Answers You Need: Become a Drillinginfo Know It All - November 10, 2015
- Frac Innovations: How New Oil and Gas Technology Boosts Production - October 27, 2015