Understanding the 4 Types of Data Analytics
Companies increasingly grapple with how to handle the sheer amount of information they can collect from customers and business partners. Data analytics helps them sort, parse, and convert raw data into key performance indicators (KPIs) and actionable business intelligence. The methods by which we analyze data can be sorted into four core categories. These four […]
Using Big Data Analytics for Oil & Gas
While the concept of “big data” has been in the public consciousness for several years now, far too few companies actually take advantage of what it offers. They’re convinced that it doesn’t apply to them, that it costs too much, or that it’s just not right for them right now. In reality, big data analytics […]
How to Leverage Technology to Cut Costs & Achieve Growth
In this article, we’ll focus on four proven technology approaches that can benefit your upstream and midstream oil and gas company. These approaches will address your current struggles, position your company to scale, and streamline your operations to weather the next time the business cycle points downward. 1. Digitize Your Back Office and Field Operations […]
6 Essential Elements of a Business Risk Assessment
We’ve discovered 6 essential elements for conducting a business risk assessment that protects your company. Being prepared will always give your business the upper hand over your competitors — especially when something occurs that no one expects. As the adage goes, “An ounce of prevention is worth a pound of cure.” Unfortunately, far too many […]
Leveraging Technology to Cut Costs & Concerns
The energy industry is very cyclical and, while companies should take advantage of economic ups and market changes that give them an edge, it is imperative to keep in mind that a downturn will follow. It is easy to focus on growth without having a Plan B, which causes concern as companies depend heavily on […]
How Covid-19 Changed the Oil & Gas Industry
If you visited Midland, TX today, it would look like the pandemic never happened. People are returning to their usual activities, and oil and gas (O&G) companies are back up and running. The industry has even started holding in-person events again. We’re a far cry from Spring 2020, when the world came to a screeching […]
The Reality of Digital Process Automation
When companies grow and diversify, they frequently find themselves facing a good, yet frustrating problem: their success has created the need to simplify core processes so people can focus on more specialized work. While the assembly line has been the solution for traditional companies, modern businesses need to look to digital process automation (DPA) for […]
Machine Learning in the Oil & Gas Industry
From checking your email and scrolling through Netflix to self-driving cars and healthcare decisions, machine learning is a large part of our daily world. However, most of us assume it’s used only by people building artificially intelligent robots. In reality, it’s all around us, but most people don’t understand the technology or its larger applications […]
How Digital Solutions Scale Oil & Gas Operations
Whether you work for an upstream company, midstream, or downstream, implementing digital transformation solutions in these five areas will help you sustain success, despite external factors. Big data Asset management Field operations Cybersecurity Business processes Effective and forward-thinking digitalization has never been more crucial to the life and vitality of your company. Big Data = […]
Digital Transformation & Outsourcing Land
A HIGH-ACHIEVING CULTURE. Founded in 2018, Acacia Exploration Partners, LLC is a private oil and gas operating company engaged in the acquisition, development and production of oil and natural gas. The company culture is based on the premise of striving for extreme efficiency, and a disciplined approach to growth with the ultimate vision of exploiting high-value investment […]