Southwestern Energy (SWN) is an independent E&P
company with ~$14Billion market cap and ~4TCF
reserves is bringing quantum growth in performance over the past decade, producing
~3% of USA gas supply with over 3000 wells.
E&P Magazine has showcased webcasts from
(on) SWN highlighting their approach as an example of systematically adopting information
technology, data management and big-data analytics.
1. Oil & Gas: Big Data Management:
Most people think the business as molecule of Hydrocarbon; SWN CEO articulates the business as – information processing (never touching the molecule). Exploration, Development and Production as information maturity gates emulating old-time EDP (Electronic Data Processing).
Creating a complete, competent
and correct data management system, and arriving at a single-source of truth is
shown in their case history.
Everything one can imagine is on
the E&P data complexity. Key to success is within the data. It is not just
to standardize, but to work for detecting and value creating from the
anomalies.
2. Leveraging Business Intelligence to get the 360 Degree View:
The SWN CEO
expands on their drilling information system and its optimization for managing
the large number of wells. Integration of Technical, Operational, and Business
systems provides a complete unified information view of the business. Their
investment into information maturity is highlighted by the SWN Management view
of the E&P business as the information management.
3. The Game Has Changed:
The SWN CEO brings forth how ‘right
people working for the right things’ is achieved by – i) “can-do” workers who
are loyal to the company; ii) Seamless information through overhaul of their
infrastructure (IT); and iii) Process transformation with 360◦ view
{PastàPresentàFuture}
and data driven KPI. SWN identifies it
as their business transformation, showing in performance and value.
The path to successful value creation in E&P is clearly
through information maturity and integrated processes driven by ‘right people
doing right job’. Considerable drive, investment and knowledge are needed to
follow the path to value creation. Value of Information (VoI) is the power of
21st century.
“Growth is Living with the Information”.
