ReservoirWave

We're bringing craftsmanship back to oil & gas software.

[ReservoirWave @ReservoirWave]

Check out an end to end evaluation on the fly.

[Andrew Fisher @andrewbdfisher]

@TFG870 @oilmutt Just shooting in the dark on some of these assumptions. Let me know what you think.

[Andrew Fisher @andrewbdfisher]

Check out our full analysis of EnergyNet Lot #135424 · 8 Well Package (Producing MI/RI). Bids due tomorrow starting at $28,000. I'm calculating anywhere from $29,000 - $36,000 depending on price assumptions. Here's the end to end workflow.

[ReservoirWave @ReservoirWave]

Thanks to all of the companies that participated in the beta or are still waiting for access. We wish we could have gotten to all of you. Your feedback has been incredibly valuable, and your interest is highly appreciated. Keep an eye on your inboxes!

https://t.co/krWIofuaZZ

[Andrew Fisher @andrewbdfisher]

Today we're launching @ReservoirWave — one platform for mapping, forecasting, type curves, and economics. With data included.

[Andrew Fisher @andrewbdfisher]

Today we're launching @ReservoirWave — one platform for mapping, forecasting, type curves, and economics. With data included.

[ReservoirWave @ReservoirWave]

Who else is coding at midnight on Sunday? #BestCompanyCulture #EvenThoughHashtagsRDed

[Andrew Fisher @andrewbdfisher]

What don’t you like about your current oil & gas forecasting software?

[ReservoirWave @ReservoirWave]

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[Boar On The Shale Floor @NewsFinOil]

@andrewbdfisher Can I buy this? I hate enverus

[ReservoirWave @ReservoirWave]

@TFG870 @andrewbdfisher @oilmutt Looking forward to having you in the app soon!

[TFG87 @TFG870]

That’s awesome to be able to slap all that together like that. I signed the company up on the wait list. Would be interested to dig into it further. In stripper country it’s definitely tougher. A lot of capital burn revitalizing infrastructure that was neglected. Will definitely be following your progress with the program

[ReservoirWave @ReservoirWave]

Coming out of beta in… 🤔

[Andrew Fisher @andrewbdfisher]

I guess it's time to show off what we've been working on. This has been an 8 year project in the making. I picked a completely random unit called Spud Muffin drilled by Devon in Eddy county.

Video 1 / 12 - Find the wells.

Filter down to active Devon wells in Eddy. Further refine with the drawing tool and filter spatially. No limits whatsoever on mapping and filtering capabilities, can handle 6,000,000 wells rendered on the map.

[Andrew Fisher @andrewbdfisher]

Your batch jobs: ☕️⏳
ReservoirWave forecasts: ⚡️🚀
5,000+ wells in 30 seconds. (Not pre-computed) Watch: 🔽

[owl @owl_posting]

I very briefly worked at a petroleum engineering ‘AI’ startup right out of college because I wanted to see if I would like non-healthcare/biology work

It sucked

But what I *did* learn was that picking well locations for oil companies is an incredibly challenging problem. To the point where ML models and fluid dynamics simulations alike were both bad at the problem

But you know what was really good at it?

An old dude named ‘Hans’ who was paid exorbitant amounts by BP to come in every now and then to the office, pick some points off a map, and go back home. Those points would be drilled down into and usually yielded pretty decent results in oil yield, often better than simulations alone. He worked for less than 5 hours a week, amortized over a year

Hans, as I understood it, was just some person at BP who’d worked there for decades and had an intuitive sense of what was and wasn’t a good place to drill down into. He wasn’t alone, multiple, but less than a dozen, employees at BP existed just like him. He wasn’t unique to BP either, apparently all major oil companies had a team of Hans-esque figures that helped pick the wells. It was just widely agreed upon that human intuition is really important in well picking and story was left at that

The whole thing really weirded me out and it felt like a ghost story told amongst petroleum engineers, because literally nobody knew more information about him or other people like him beyond what I’ve said here. Multiple people corroborated the story of these figures existing, but nobody had actual details

What were their backgrounds? Were the accuracies actually *that* high? What were they picking up on?

never found out the answer to any of these

oil is such a bizarre field

[Garry Tan @garrytan]

At YC one of the key insights is that craftspeople (not idea people) should be CEO and cofounders

[ReservoirWave @ReservoirWave]

👀

[Andrew Fisher @andrewbdfisher]

Starting on a new adventure today - building an automated data pipeline to extract and compile RRC data. Starting with production data. Here's what it looks like so far. Oil and gas looking pretty spot on compared to paid data subscriptions...

[ReservoirWave @ReservoirWave]

What if oil & gas software started with a modern tech stack and developers with aligned incentives?

We are bringing craftsmanship back to oil & gas software.

Are we nuts? It doesn't feel like it.

[ReservoirWave @ReservoirWave]

What would happen if you had oil & gas software that wasn't built in 1990, and wasn't beholden to venture capital? 🤔

[ReservoirWave @ReservoirWave]

Software built that way has downsides. Starting with a sum of money and working backwards is a recipe for an expensive product, and a product that lacks passion because the dev team is too big and has little equity. 9 women can't make a baby in a month, anyway.

[ReservoirWave @ReservoirWave]

New website who dis? https://t.co/B6F9HSlD5n

[Josh Young @JoshYoung]

WSJ: U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear

"America’s biggest oil gushers are shrinking, evidence that companies have drilled through much of their best wells"
https://t.co/r332k5vceX

[Doomberg @DoombergT]

1/ On January 10, 1901, the world was changed forever. Up on Spindletop Hill, just south of Beaumont, Texas, an enormous geyser of oil exploded into the sky, much to the awe of the drillers who made it happen.