Bobby Adkins, iTankData, joins The Crude Life Content News Correspondent Ken Lavin at NAPE to discuss how time is money. Adkins explains how their software is allowing companies to access real data on their phones and laptops in order to see uptime, downtime and other metrics.
“CFOs get it in a blink. Operational guys figure it out. Field guys they love it too cause it makes it a little easier on their lifestyle,” Adkins said.
Raw costs of production, downtime, pulling units are just a couple areas cited as examples of what their software detects.
“You can punch in your own data whether it is a 6 barrel a day well or 60 barrel a day, maybe it’s much larger with a horizontal,” Adkins said. “We are in 18 states and working with oil companies, chemical companies and even salt water. This also helps with pick ups and deliveries in real time fashion. These digital tools allow you to see your physical return.”
iTankData has 25 years of experience in the oil and gas industry. Services include remote tank level monitoring technologies and well site data. They also serve operators with daily needs in the oilfield, along with current information technology allows us to identify an operator’s cost and time lag issues.
Lavin asked about remote access due to the geographical challenges of oil and gas. Adkins said they have satellite technologies so there are no issues with dead spots.
“We’ve got sat-phone capabilities. Currently we are even quoting from Oman so we will have cell phone capabilities in Oman,” Adkins said. “It’s going quite well and we a spending a lot of time with some great companies worldwide and global players and they are able to put these small little tools onto the whole operation to make it more efficient.”
NAPE is the energy industry’s marketplace for the buying, selling and trading of prospects and producing properties. NAPE brings together all industry disciplines; draws in decision-makers; focuses its participation on prospect generators; and hosts companies of all sizes, from small independents to majors. With the addition of renewable energy sources to their oil and gas offerings, NAPE is the ultimate venue for energy deals.
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