HOUSTON, Texas (11 November 2024) – TGS, a global leader in energy data and intelligence, announces a strategic partnership with Blue River Analytics, creators of the Analytics for Energy (A4E) Suite on the Spotfire platform. This collaboration integrates TGS’ production, completions and cost data directly into the A4E Suite, providing E&P companies with a more efficient and effective approach to forecasting and analyzing production and well data. By combining TGS’ data with Blue River Analytics’ platform, customers can now create forecasts and valuations in minutes, enabling data driven decision-making at every stage of exploration and production.
As the energy sector relies on timely, reliable data for informed decisions, this integration eliminates the need for manual data preparation and transformation. Users can now work with TGS datasets seamlessly within Spotfire, leveraging Blue River Analytics' advanced valuation and forecast workflow. With capabilities like advanced decline curve analysis, type well profiles, probabilistic Markov Chain Monte Carlo (MCMC) forecasting, workover detection and reserves import/export, all in one interface, operators can make decisions faster and with greater precision.
David Hajovsky, Executive Vice President of Multi Client at TGS, commented, "This partnership diversifies the ways our customers can access and leverage our comprehensive data library. It saves operators weeks of time while improving the accuracy of their economic models and updates.”
John Buckley, Founder and CEO of Blue River Analytics, added, “In today’s competitive energy market, quick and easy access to high-quality data is crucial for confident, data-driven decisions. Our partnership with TGS removes traditional barriers to data, supporting E&P companies, mineral companies, banks and private equity firms with optimized workflows that produce highly accurate forecasts in minutes.”
TGS offers the industry’s largest well data library, featuring more than 100 years of public and non-public sources. This extensive collection, paired with TGS’ industry expertise, forms a solid foundation for generating high-quality analyses and forecasts. For more information, visit TGS Well Data at https://www.tgs.com/well-data-products/well-data.
The A4E Well Spacing tool automates spacing measurements, offering an easy-to-use interface in Spotfire. It calculates well density using user-defined ellipses, analyzes parent-child relationships and degradation over time, and provides traditional X, Y, Z spacing measurements.
About TGS
TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).
About Blue River Analytics
Headquarters in Denver, CO, Blue River Analytics is at the forefront of the oil and gas analytics industry, transforming how energy data is managed and analyzed. As the last independent boutique specializing purely in Spotfire, our dedication to providing unparalleled service remains unwavering. With a world-class team and a passion for excellence, we take pride in delivering exceptional value to our esteemed Clients and driving innovation in the energy sector. Learn more at https://blueriveranalytics.com/
For media inquiries, contact:
Bård Stenberg
IR & Business Intelligence
investor@tgs.com