As a data company which provides competitive intelligence and market activity information to the upstream and midstream oil & gas industry, we asked ourselves whether these offerings are still valid during these extreme downturns. If everyone is doing far less, are companies still interested in knowing who, what, where & when? Based on survey results from about 100 companies, large and small, the answer is resoundingly "yes." (Included below are compilations from a few of the questions we asked.)
Companies are still interested in knowing a little bit of everything but in a geographic "unit", whether that be by legal Section (or the Texas equivalent thereof), County, etc. Companies love their "Areas of Interest" ("AOI's"). And they want to know what's going on in them, even in times of reduced activity (and maybe because of commensurate reduced manpower in their own companies).
We serve a lot of Oklahoma active customers, so maybe the results were a little weighted towards the SCOOP/STACK, but the winners in the "primary area of interest" category were (unsurprisingly) the Texas shale plays, particularly the Permian, and New Mexico along with Oklahoma.
Along those lines, we recently released a new daily activity intelligence briefing email called "RECON", covering the state of Oklahoma. Using what we call "unexpected value analysis", we are monitoring every daily data feed in Oklahoma for statistical anomalies, from county courthouse proceedings through OCC spacing & pooling apps/orders through to drilling and asset transfer activity. RECON makes it easy for subscribers to not miss potentially disruptive events and stay abreast of important Oklahoma market shifts whether by Section, Township or County.
