With only 185 legacy wells and 30 employees, a handful of applications, spreadsheets, email, and offline communications met Encino Energy’s basic operational needs. But acquiring 900 wells from Chesapeake Energy changed everything.
Chesapeake's data poured in, including exploration and production, land and lease management, and well data. It was fragmented and spanned numerous formats. Employees spent inordinate amounts of time compiling reports from disconnected sources, and disputing data integrity. Encino lacked visibility into real-time well economics, struggled to optimize field operations, and burned through cycles comparing production output to forecasts. The organization was onboarding new wells and new resources while simultaneously implementing the best-in-class application stack they would need to operate their expanded production operations.
Encino knew the massive influx of wells marked a pivotal moment. Though lacking internal resources, the company knew it needed a modernized data and analytics infrastructure to support its massively expanded business and an application landscape with limited opportunity for direct integrations. An experienced partner would be critical to rapidly building a scalable data foundation.
An ambitious acquisition overwhelms current capabilities
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Today, Encino Energy employees easily access accurate, integrated data through self-service analytics tools. With data governed by Informatica, centralized on Snowflake and visualized by Spotfire, master data sets provide a single source of truth. Data governance policies and stewards uphold standards, accountability, and trust.
With trusted data available on-demand, employees spend time extracting insights rather than verifying data. The organization accurately forecasts well production and economics, optimizing capital allocation and maintenance planning. Operations visualizes maintenance needs across well sites, improving field deployment efficiency. Regulatory reporting runs smoothly, with data lineage and stringent quality controls in place. And finance seamlessly integrates actuals, thanks to consistent data inputs and integrity.
Encino has transformed itself into an agile, data-driven organization. The company can efficiently operate its growing portfolio while maintaining accuracy and consistency. With scalable access to trusted data, and widespread data stewardship, Encino is positioned for continued expansion and success.
A data-driven company running on powerful insights
With a scalable data foundation now in place, Encino is well-positioned for continued expansion. As the company ingests more data from new wells and potential future acquisitions, it can more readily adapt its data governance program and leverage improved integration capabilities. Encino Energy is committed to exploring next-generation technologies to further optimize production, reduce costs, and enact sustainable operating practices. With an innovative spirit and continued pragmatic approach, Encino Energy is poised for ongoing business transformation.
Poised and ready for future growth
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