Combining proprietary and Enverus data enables intelligent connections for the discovery of previously unseen opportunities and insights
Austin, Texas (September 13, 2022) — Enverus, the most trusted energy-dedicated SaaS company, has unveiled Fusion Connect, providing customers a new way to integrate their own proprietary data with Enverus data inside PRISM, Enverus’ hallmark energy decision-making platform. For early adopters, the breakthrough is already saving time, resources and improving multi-disciplinary collaboration. These intelligent connections enable companies to act fast and deliver extraordinary outcomes and value that were not previously possible — an incredibly important development in today’s rapidly changing energy ecosystem.
The challenge that Fusion Connect overcomes is most immediately evident among oil and gas operators owing to their need for highly precise data to guide and de-risk capital-intensive and time-sensitive decisions. These customers often hold unique, proprietary data, based on their own internal calculations, such as internal Estimated Ultimate Recovery (EUR), well landing intervals, working interests or land expiration schedules which vary from available public data or curated third-party analytics. These data sets need to be compared to unbiased third-party data to verify findings or to identify outliers or data gaps.
Unfortunately, blending vendor analytics and proprietary data is time consuming, onerous and costly, preventing detailed workflows from contributing to high level workflows and vice versa. And that means teams spend valuable time on data integration activities rather than focusing on finding answers to drive business outcomes. Until now.
“The struggle to make data available and turn it into valuable insights is what we refer to as an information disconnect,” said Colin Westmoreland, chief innovation officer at Enverus. “For years, the oil and gas industry has struggled with closing that gap between data and value creation. Not only is data integration currently slow, it’s not built for cross-team collaboration either, creating silos within the customer organization. Assets are then not valued correctly, peer benchmarking is ineffective and asset design changes aren’t optimal or — even worse — never identified at all. Fusion Connect solves all of that and will benefit an entire organization including supply chain, operations, investors, land management and beyond. The possibilities with Fusion Connect are endless.”
Fusion Connect allows companies to quickly and easily integrate their proprietary data directly into PRISM, unlocking a new level of value no other provider can offer — access to Enverus data built upon 20 years of market intelligence and machine learning in a platform designed for cross-team collaboration with the most current insights. Faster knowledge sharing across analyst, asset, geology and engineering teams and precise insights drive better business decisions across the entire asset lifecycle, from more accurate evaluations and optimal well designs to monitoring and development strategy.
The announcement arrives as Enverus emphasizes its commitment to intelligent connections which bring together the analytics, people, experience and industry scope to connect the right data and information in the right way to discover previously unseen insights and opportunities, act fast and deliver extraordinary outcomes.
Learn more about Fusion Connect at Enverus.com/solutions/energy-analytics/ep/prism/fusion.
Enverus is the most trusted, energy-dedicated SaaS platform, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 98% of U.S. energy producers, and more than 35,000 suppliers. Our platform, with intelligent connections, drives more efficient production and distribution, capital allocation, renewable energy development, investment and sourcing, and our experienced industry experts support our customers through thought leadership, consulting and technology innovations. We provide intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 6,000 customers in 50 countries. Learn more at Enverus.com
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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat.
Stuart is on Board Member of ASN Productions, DI Communities
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.