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Verdazo Analytics
6 followers -
Enterprise class. User-friendly. Discovery analytics.
Enterprise class. User-friendly. Discovery analytics.

6 followers
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We’re pleased to announce that Verdazo Analytics has been acquired by Pason Systems Inc. Pason is a technology company offering fully integrated drilling data solutions, enabling users to collect, manage, report and analyze drilling data in order to optimize the performance and the cost-efficiency of their drilling activities.

As part of the acquisition, we will continue to run Verdazo Analytics as a standalone wholly owned subsidiary of Pason. Our clients will have the same team working with them day-to-day.

Learn more about why we’ve chosen to work with Pason and how we’ll have the most comprehensive ‘spud to abandonment’ analytics solution in O&G.

http://www.verdazo.com/blog/pason-acquires-verdazo-analytics/
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Visage Information Solutions rebrands to Verdazo Analytics

Calgary, Alberta — Bertrand Groulx, Co-Founder and President, today announced the rebrand of Visage Information Solutions to Verdazo Analytics. The company’s flagship product, formerly known as VISAGE, has been rebranded as VERDAZO. Verdazo Analytics provides visual data analytics software to enterprises looking to make smarter, faster decisions by revealing the hidden insights in data. The company’s new website can be found at www.verdazo.com.

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New Blog Post: 2016 Drilling Forecast & Production Impacts of Reduced Drilling

What kind of production impacts might we expect in Western Canada in 2016? To gauge this we need to forecast 2016 drilling activity, compare that to 2015 drilling activity and measure the impacts that 2015 reduced drilling had on production. My drilling activity forecast for 2016 is 3909 wells. That would be a 41% reduction from 2015 drilling activity and a 73% reduction since 2014. (Note: the 2016 forecast used the same method as my 2015 drilling forecast, which was within 4% of actual drilling results). Read more....

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We've rebranded to Verdazo Analytics! Learn more at www.verdazo.com
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Proud to share our new video tour of VISAGE!

New Blog Post: Q&A with GLJ on Forecasting Commodity Prices

The GLJ October 1, 2013 commodity price forecast was recently released and is available at http://www.gljpc.com/commodity-price-forecasts. This is the first in what will be a regular quarterly blog on commodity pricing and how VISAGE is used to analyze pricing data when building GLJ forecasts. I sat down with Tyler Schlosser, the Chief Commodity Pricing Analyst at GLJ Petroleum Consultants, to ask a few questions about how he uses VISAGE when developing his commodity price forecasts. Read more...

http://www.verdazo.com/blog/qa-with-glj-on-forecasting-commodity-prices/

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New Blog Post: Drill Bits & Bytes Part 5: Western Canada Oil Keeps Rising

The 1973 oil production rate of 1,738,149 bbl/day set a record for Western Canada that lasted 38 years. It was exceeded in 2011 when it hit 1,839,944 bbl/day. 2012 delivered a 14.5% production increase to an all time record of  2,107,181 bbl/day. The 2012 increase was attributable to 4,600 new oil producing wells, now totalling 81,600 oil producing wells, of which 24,000 (30 %) are horizontal. 52.7% of new production in 2012 came from just five plays. Read More...

New Blog Post:
Drill Bits & Bytes Part 4: Oil Drilling Activity in Western Canada - a snapshot of industry activity relative to historical trends.

http://www.verdazo.com/blog/drill-bits-bytes-part-4-oil-drilling-activity-in-western-canada/

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Since 2006 vertical gas drilling has dropped by -98.5%.  Today there are 3.4 times more horizontal wells drilled than vertical wells. Discover other facts on the decline of gas drilling in Western Canada.

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