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SafeRock uses predictive analytics and machine learning algorithms to forecast oil and gas production for public and private operators. Our system contains custom decline curves for over 15,000 wells in Eagle Ford and Permian. We dynamically generate forecast new well output, as well as EUR and future production for any collection of wells.
E&P: we help management identify growth opportunities, accurately measure EUR values and production performance, and improve internal budget and resource allocation to maximize ROI.
Service Providers: we help providers optimize resource allocation for their teams and projects, and track and compare performance of past wells.
Investors: We help investors detect anomalies, investigate production problems and identify key performance issues that should be discussed with management. Our deep well-by-well analysis improves investment decisions.
For brands and retail, our predictive algorithms accurately forecast total item and category sales.
SafeRock spots Carrizo’s (NASDAQ: CRZO) stock surprise 2 months in advance
February 28, 2018
On February 26, 2018, Carrizo’s (NASDAQ: CRZO) stock tumbled -23% and the company reduced the value of its Eagle Ford EUR assets by -14%. SafeRock had identified Carrizo’s production anomalies in December, two months earlier.
For investors, our system detects production anomalies, generates dynamic type curves, and identifies bad wells. They can investigate production problems and be ready to question management on their earnings calls. They can use this deep well-by-well understanding to improve investment decisions.
E&P management can identify the greatest growth opportunities and do a better job of budgeting resources where they are needed.
In the Oil and Gas sector our system:
- Calculates EUR for oil and gas wells
- Automatically spots anomalies, outliers, and re-completions
- Forecasts expected production for the next 1, 2, and 6 months
- Uses machine learning to calculate an optimal ARPS decline curve for each individual well
BRAND AND RETAIL
For Brands and Retail companies our system:
- Integrates marketing and merchandise planning with online traffic to reduces out-of-stock
- Accurately forecasts retail sales using predictive algorithms and machine learning
- Improves both marketing ROI and return on ad spend