News Release

Enverus Boosts its Collection of World-Class Geology Solutions with Reservoir Visualization, Inc.

byEnverus

Austin, TX (August 28, 2019) – Enverus, the leading energy SaaS and data analytics company, announced today that it has acquired approximately 200,000 geological well datasets from Reservoir Visualization, Inc (RVI). The expansion quadruples Enverus’ interpreted well log catalog and is the first announcement since the company changed its name from Drillinginfo earlier this month.

Enverus’ products have earned a reputation for their strong scientific foundation and commitment to complete transparency. Today’s announcement follows a long line of investments in sub-surface expertise, including a recently released product pioneering well-spacing and parent-child relationships between wells, two of the most important topics in the oil and gas industry as operators transition from delineation to developmental drilling programs.

Fringe and infill areas of today’s most prolific basins, emerging plays, and specialty areas will all benefit significantly from these expanded datasets, as will the derivatives that are produced from this influx of additional data. As just one example, more landing zones and wellbore statistics of higher precision will expand Enverus’ geographical areas of coverage.

“Not all data are created equal,” noted Jimmy Fortuna, Senior Vice President of Products at Enverus. “RVI shares Enverus’ commitment to quality geologic interpretations as the basis for advanced analysis, making this acquisition an ideal fit for both companies. These assets are core to the work our customers are focused on, as well as instrumental in their field development plans. It’s a significant addition to our existing, robust geologic and engineering assets, and makes Enverus one of the largest interpreted dataset holders in the market,” Fortuna said.

“With the advent of powerful and inexpensive machine-learning technology, some have statistically modeled the subsurface using sparse datasets. Models produced using machine learning or statistical methods are only as good as the ground truth datasets used to train them. Sparse datasets fail to appropriately constrain the models that depend on them, and they also don’t realistically allow customers to improve the models with their own data and interpretations,” he said.

Producing large datasets is easy with these shortcuts, but producing precise ones is impossible.
Since its beginning, Enverus has always focused on transparency, whether a given data element is produced scientifically, and with the direct benefit of underlying ground truth, or if it is instead produced using a model that approximates values as accurately as possible using appropriate constraints from ground truth. In this manner, Enverus has recently expanded its landing zone coverage with the introduction of derived landing zones – which is separate from the company’s interpreted landing zones – a distinction most of Enverus’ competitors cannot claim to make.

“Our best-in-class training dataset produced by the ongoing interpretive work of geoscientists specializing in specific basins and using our proprietary Transform technology already placed us firmly ahead of our peers. This acquisition increases that lead substantially,” Fortuna said.

Enverus encourages existing customers to contact their account manager, and new customers to contact a sales representative via Enverus.com to learn how to request access.

Enverus

Enverus

Energy’s most trusted SaaS platform — creating intelligent connections that uncover insights and opportunities to deliver extraordinary outcomes.

Related News

Enverus Press Release - From insights to injections: CCS Class VI permit applications surged 500%
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report analyzing data from its updated Class VI permit tracker, which includes new entries such as CO2 source location, facility details, approval...

Enverus Press Release - Enverus wins Thought Industries Best Innovation Using Extensibility Award
News Release
ByEnverus

For the third year in a row, Enverus, the most trusted energy-dedicated SaaS platform, has been awarded a Top Workplaces distinction by both the Austin American-Statesman and Houston Chronicle.

Enverus Press Release - Summoning Haynesville
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released its latest Fundamental Edge report, which focuses on global drivers for oil and gas prices through 2030, the five-year oil and gas supply and...

Enverus Press Release - The Barnett bonanza is coming
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report examining various exploration and production (E&P) companies testing the Barnett Formation in the Midland Basin, including economic and productivity outcomes.

Enverus Press Release - Widespread electric vehicle adoption may be ‘just around the corner’
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report with an updated view on electric vehicle (EV) adoption across its coverage regions (U.S., OECD Europe, OECD Asia, India and China)....

Enverus Press Release - Enverus adds Energy Transition solutions around $3.5T/year sector
News Release
ByEnverus

Enverus, the most trusted energy-dedicated SaaS company, is adding new product solutions to meet the needs of the developing, $3.5 trillion/year energy transition market.

Enverus Press Release - $14B in 3Q23 upstream M&A overshadowed by October’s $60B+ historic deals
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, is releasing its summary of 3Q23 upstream merger and acquisition (M&A) activity.

Enverus Press Release - $14B in 3Q23 upstream M&A overshadowed by October’s $60B+ historic deals
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, is releasing its summary of 3Q23 upstream merger and acquisition (M&A) activity.

Enverus Press Release - Triple-digit oil prices will impact global economy
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released its latest FundamentalEdge report, which focuses on global drivers for oil and gas prices through 2030, the five-year oil and gas supply and demand...

Find Out How Enverus Can Help Your Business

Subscribe to the Energy Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Get Started

Register Today

Get Energy Transition Research updates straight to your inbox by filling out the form below.

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert