SOURCE: Battelle

independent R&D organization, Battelle

July 20, 2015 11:03 ET

Data Analytics for O&G Industry Made More Powerful by Battelle EluciData

COLUMBUS, OH--(Marketwired - July 20, 2015) - The era of Big Data is here, but all those electronic 1s and 0s can be as mystifying as they are illuminating. Fortunately, Battelle experts have developed EluciData, a data analytics platform that is as customizable as it is sophisticated.

EluciData brings powerful analytical and machine learning methods originally developed for data-heavy applications such as national security and the healthcare industry to the oil and gas industry. The technology can be used to help petroleum developers make smarter decisions and more effectively manage assets. Because of the combined expertise at Battelle in geoscience and advanced statistics, superior predictive models can be developed for cost effective and optimized well designs.

"Our team not only can assist people in the O&G industry as they apply big data to improve their processes, but we can do the rigorous statistical modeling using EluciData to save time and money," said Stephanie Kute, Ph.D., who runs the program for Battelle.

EluciData can impact the O&G industry by pinpointing factors that separate good wells from poor performers. It also can show how oil production is related to geologic formations and how to develop robust predictive models.

Battelle's Senior Research Leader Srikanta Mishra, Ph.D., will highlight Battelle's data analytics capabilities in one of his two talks at the Unconventional Resources Technology Conference in San Antonio July 20-22.

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.

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