Data Structuring for Oil and Gas
Turn your land and well files into usable, trusted data.
Oil and gas land management requires data as varied as land files, well records, and other structured and unstructured information. By leveraging intelligent document processing technologies, you can quickly organize and process data into a single standardized format, providing reliable insights at a much faster pace. With superior quality results in a scalable solution built for the complexities of oil and gas, your organization can grow confidently with better land operations.
How to Get Started
Consolidate disparate files
Having centralized, consolidated land and well records can increase the reportable value of that asset by as much as 30%. Once all your physical and digital files are converted to structured data, you can fully reconcile all existing information for your properties living in separate systems or physical locations.
Control the chaos with structured data
Most land departments today have a mix of physical and digital files, structured, semi-structured, and unstructured data – meaning that finding and using it is a painstakingly manual process. Even if your organization has gone through the process of digitizing, if your digital files are not fully indexed, classified, and integrated with your existing records, it’s not doing you much good. Turn your disparate land files, well records, right-of-way agreements, and more into structured data, making it easier to get to the information that matters most.
Eliminate paper processes
With paper processes, your employees are wasting time and money searching for information rather than using it for more valuable tasks. Turning your existing records and digital files into usable, structured data helps reduce costs by eliminating manual processes such as manually entering information into spreadsheets or databases.
Transform due diligence during mergers and acquisitions
Whether you’ve recently acquired wells or leases or merged with another organization, your ability to quickly identify, reconcile, and access critical documentation on your properties is essential to jumpstarting production and supporting due diligence. Having that information fully indexed, structured, and integrated into your systems means you have an instant, accurate view of all land and lease elements.
Unlock valuable insights
With structured data, companies can analyze their operations from multiple angles, uncovering trends that may otherwise have gone unnoticed. For instance, structured data can show how certain activities affect production levels or employee performance. It also offers valuable insight into customer preferences and behaviors, helping companies better understand their target market.
Maximize your team’s efficiency
Structured data offers countless benefits for businesses in the oil and gas industry. For starters, it can help streamline operations by automating mundane tasks such as reporting or analyzing large amounts of data. It also makes it easier for businesses to identify potential problems before they occur and take proactive steps to address them quickly before they cause costly delays or disruptions in service delivery.
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