In the May issue of The Bradcast I had the privilege of formally introducing out latest data solutions venture the Petro Data Miner. This month’s we are going to be breaking down the basic and most important elements of a PDM Well/Production Report.
Both Well and Production type reports are available in three formats: Basic, Drill-Down, and Specialized. Basic reports are generally where research begins, offering a detailed insight into basic well health or production numbers. Drill-Down reports focus in greater detail on well health or production with search parameters focused on finding answers to very specific exploratory questions. Finally, the Specialized reports include extrapolated or calculated information, or they may be built from search requests not included in our standard search parameter categories.
Regardless of the report format, all PDM reports consist of four key sections:
- Cover Page
- Main Body
- Summary Page
Cover Page contains the following elements, each highlighted on the accompanying photos. Report Title section details the type of the report. This can be either Well or Production report, and furthermore one of the three aforementioned report formats. Part of the title following the hyphen states what is the Primary Identifier of the report. This is determined by you, the client, and they can be operator name, location (state/county), production type, just to name a few. Primary Identifier is considered to be the most important data category in the report and it is the metric by which the reports are displayed and priced.
Section below this are the KEY IDENTIFIERS. This is a list of search parameters as chosen by the client which dictates the exact information presented in the body of the report. We currently offer over 60 different key identifiers to choose from, though we work hard to make each report as focused and insightful as we can without overloading them with information.
Last important element on the page are the report generation dates which can be found in lower right corner of the report. These show both the date on which the report was generated as well as the date of the last report update.
Top Page is the first page of the report body and as such it contains some of the key summaries before displaying the results of the research.
First summary contains key unifying location factors such as Field Name (as per client request or the well location) or Formation, State, and County/Parish. This is where you will also find the current contact information for the operator presented in the report which you can use to make acquisition offers. This contact information is obtained from respective state database section on the operator in question (and as such it is considered as accurate as its source
Below that are the REPORT PARAMETERS and the WELL SUMMARY. This particular parameter summary differs from the one found on the cover page in that it shows the key parameters in the report based on the actual findings versus the initial request. This is important to note because the report is often an extrapolation of data that best reflects your search/research goals. Well summary on the other hand shows the quantity of wells per Well Status and is useful to assess the value potential, P&A liability, and a lot more.
Main body of this page contains the actual mined, analyzed, and formatted well/production information. Each column represents all of the key search parameters as per client request as well as additional information columns added by us, which make the displayed information complete, more valuable, and easier to interpret. Currently we cap off the number of displayed data/info categories at 12, not including any information displayed in any report add-ons.
Generally, this is the last page in the report itself though the add-ons, if there are any, would be attached after it.
First important element to look for on the Summary Page is the TOTALS section of the main report content. As you can see in the included example this is where all the numeric summaries are shown. In case of extrapolated information generally we will include an add-on containing requisite charts and graphs. Otherwise you will find any relevant math included in the report summarized in the TOTALS section.
Below that is the COMMENT section. This is where we enter all notes and comments relevant to the information displayed in the report that is not immediately evident, or cannot be otherwise represented in the body of the report. If there are any special instructions included in the report they will also be stated here.
Last notable section on the “closing” page is the disclaimer section. While it is somewhat self-explanatory it is worth noting that as we add new data sources to PDM we will be listing them in-brief in this section for your information.
One of the most frequently requested report add-ons are our custom-built maps. They are built to enhance the visual well representation and are a great way to enhance the report findings. We offer several types of maps such as aerial layer (shown in the photo), S/T/R grid, basin map layer, just to name a few.
Much like the reports and remaining add-on types, PDM maps are fully customizable to your needs and on your request. This make them a valuable companion and a compliment to the Well and Production report.
Additionally, we can include graphs, diagrams, and charts as PDR reports add-ons to further enhance both the raw data, and the extrapolated/derived information found in PDM Well & Production reports. This adds another level of precision and focus to PDM, and allows the reports to be truly fine-tuned to even the most specific needs you may have.
While our current reports are a product of many months of development, we are always looking for ways to improve them and make them even more valuable to you. So, please share any and all comments, suggestions, and ideas you may have so that we may make PDM even better for your benefit.
For more info on Petro Data Miner please visit www.petrodataminer.com or call us at 337.233.3428, we can answer all of your questions.
Petro Data Miner is a subsidiary of Bradley Broussard Land Services, Inc. and for any questions and more information about our synergistic approach between PDM and BBLS email us at:
firstname.lastname@example.org or connect with us on LinkedIn: