POSTED BY Thomas Hunt ON September 23, 2019 IN Analytics, Blog, Digital Transformation
If you’ve traveled on an interstate highway lately and have had the experience of being boxed in by semi-trailers and blinded by the spray these big rigs produce, you can probably relate to the common feeling that there are far too many of these trucks on the roads and that there must be a better …
POSTED BY Thomas Hunt ON August 19, 2019 IN Blog, Digital Transformation, E/CTRM, Featured Resource, Optimization
It’s one of the most common challenges in the oilfield: inefficient transportation of trucks that carry crude oil, sand, and produced water to and from the wellsite. Not only are these transportation costs high, but on average these trucks travel empty 50% of the time. It all adds up to a price that can significantly …
POSTED BY Thomas Hunt ON August 13, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM
In the first post of this series about crude oil load rejections, we discussed the extent of the problem, its estimated cost to producers and first purchasers, and how rejections can be predicted. These were the highlights: In our sample, first purchasers rejected 2.6% of crude oil loads because of high BS&W. The cost of …
POSTED BY Thomas Hunt ON July 16, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM, Featured Resource, Uncategorized
After the NBA finals, during which the Toronto Raptors won their first-ever championship, NPR released a podcast about the impact that data analytics had on the game. The following is capSpire’s spin on this topic and its implications for the energy industry. A New Rule The three-point shot was introduced to the NBA in 1979 …
POSTED BY Thomas Hunt ON April 29, 2019 IN Analytics, Blog, Optimization
First purchasers of crude oil often use tanker trucks to transport crude oil from tanks on well sites (leases) and deliver crude to pipeline injection points (stations). First purchasers may own their own trucks, use third-party haulers, or both. As the first interface between the producer and end users, first purchasers need to test crude …
POSTED BY Thomas Hunt ON March 6, 2019 IN Blog, Digital Transformation, Featured Resource, Optimization
Recently, hundreds of professionals in the natural gas liquids (NGL) industry gathered at the OPIS NGL Summit in Phoenix, Arizona. This is the annual conference that brings together the majority of the industry in one place to set up contracts, network, and attend educational sessions. From these presentations and conversations with attendees emerged distinct themes …
POSTED BY Thomas Hunt ON August 27, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization
Limited takeaway capacity in the Permian and the widening of the WCS-WTI spread are benefiting some independent refiners. (The Permian Basin crude hub is located in Midland, where prices are benchmarked against the WTI Cushing price [Mid-cush spread]. Canadian crude from the prolific oil sands is called the West Canadian Select, and it is settled …
POSTED BY Thomas Hunt ON May 18, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization
In our last blog, we explored the impact of refinery shutdowns on the macro supply and demand of crude in regional hubs such as Midland. We also explored how refiners and midstream operators are increasingly leveraging optimization technology to help them manage their lease crude obligations during refinery shutdowns and turnarounds. In this blog, …
POSTED BY Thomas Hunt ON May 7, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization
Between March and May of this year, we have seen a perfect storm of supply-and-demand imbalances in the Permian Basin. Production hit record levels of 3 million barrels per day (bpd) according to the EIA, refineries shut down for annual turnarounds, and pipeline takeaway capacity reached its limits. All this has culminated in the Midland-Cushing …
POSTED BY Thomas Hunt ON March 16, 2018 IN Blog, Digital Transformation, E/CTRM, News, Optimization
A few weeks ago, hundreds of professionals in the natural gas liquids (NGL) industry gathered at the OPIS NGL Summit in San Diego, California. This is the only annual conference that brings together the majority of the industry in one place to efficiently negotiate contracts and work out deals, network, and attend educational sessions. From …
