About Mosaic Petroleum Analytics
Mosaic Petroleum Analytics aims to help clients optimize their investments with data-driven analysis. The company offers the Mosaic Platform, a family of databases, algorithms, and workflows that quantify how individual completion parameters and lateral spacing influence both early production rates and ultimate recoveries. It utilizes both multi-variable regression analysis (empirical approach) and reservoir simulation (physics-based approach). On January 19th, 2021, Mosaic Petroleum Analytics was acquired by Datagration. The terms of the transaction were not disclosed.
Latest Mosaic Petroleum Analytics News
Jan 19, 2021
January 19, 2021 10:30 AM Eastern Standard Time HOUSTON--( BUSINESS WIRE )--Datagration™ is pleased to announce the recent acquisition of Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs. The acquisition is the latest in a period of growth for Datagration™ to expand the capabilities of its PetroVisor™ platform. The PetroVisor™ platform solves the “too much data, too little time.” conundrum that plagues oil and gas operators. It delivers automated engineering workflows in real time to improve engineering and investment decisions, such as operational and capital efficiency. PetroVisor™ offers a single collaborative environment to aggregate and analyze data, and build user defined workflows. These workflows connect people, systems and data with complete visibility to the end-to-end process. With the PetroVisor™ Platform, companies can improve organizational and cross-domain workflows, automating technical and business processes, and mitigating risk, all on a unified platform. With the addition of unconventional resource workflows and tailored applications from Mosaic Petroleum Analytics, PetroVisor™ will now enable companies to rapidly assess recent well results against expectations, evaluate a wide range of completion designs with physics-based models, locate viable refrac candidates, and optimize development investment while accounting for uncertainty using stress testing. These results are generated in time frames useful for budget cycles and acquisition evaluations. “We are very excited to be joining the Datagration™ team,” exclaims George Voneiff, CEO of Mosaic Petroleum Analytics. “The combination of the PetroVisor™ platform with our unconventional workflows will provide an unparalleled ability to quickly and efficiently evaluate parent/child relationships, optimize completions, and improve capital efficiency while embedding cutting-edge data analytics, physics-based modeling, and investor-oriented economics in the analysis.” Using PetroVisor™, operators will now be able to implement a proven unconventional asset workflow to maximize capital efficiency in a commercial framework, designed by an E&P operator for investor-oriented decisions. The open, agnostic, transparent, and configurable platform provides many useful automated intermediate products including maps, dashboards, and production type curves. The physics-based completion optimization process delivers type curves and economics over user-defined ranges of lateral length and spacing, sand and fluid intensities, stage spacing, and injection rates. Thousands of potential completion designs are distilled into a few helpful visualizations to convey optimal and often less-risky near-optimal designs. There are also modules to optimize operating efficiencies on existing wells that merge real-time SCADA and machine learning. “It is critical for the unconventional oil and gas industry to improve OpEx and CapEx efficiency and free cashflow,” shares Jorge Machnizh, President and CEO of Datagration™. “The addition of the Mosaic team and proven intellectual property to the PetroVisor™ platform will enable customers to make better operational and investment decisions based on physics and economic and stress testing to deliver better business outcomes, from the engineering teams to the board of directors.” Additional key features of PetroVisor™ include: Open & Agnostic to any legacy data source or 3rd party system Petro-technical semantic data layer that performs data ingestion, cleansing and mapping. Built on a unified data driven model architecture Applications layer that applies workflow design modules, and AI/ML techniques Library of best in class workflow apps Microsoft Teams & BI tools integration Unique P# scripting language for Petroleum Engineers “Datagration™ is thrilled to have the opportunity to combine Mosaic’s intellectual property of unconventional workflows that have been developed over 20 years within the PetroVisor™ platform,” remarks J. Ike Epley, Vice Chairman at Datagration™. “The vast knowledge of (Mosaic’s) George Voneiff and Peter Bastian in unconventional shale plays will enhance our product offering and put us on a path to deliver a set of unconventional workflows without equal in the market.” About Datagration™: Datagration delivers an easy to implement, open, and collaborative ecosystem of domain-specific platforms that create solutions for organizations by aggregating and integrating data from disparate legacy systems, databases, and unstructured documents into a unified cloud-based or on-premise environment. Combined with advanced AI / ML analytics, Datagration provides organizations with enhanced decision-making opportunities to maximize value creation. For more information on Datagration, please visit www.datagration.com .
Mosaic Petroleum Analytics Frequently Asked Questions (FAQ)
Where is Mosaic Petroleum Analytics's headquarters?
Mosaic Petroleum Analytics's headquarters is located at College Station.
What is Mosaic Petroleum Analytics's latest funding round?
Mosaic Petroleum Analytics's latest funding round is Acquired.
Who are the investors of Mosaic Petroleum Analytics?
Investors of Mosaic Petroleum Analytics include Datagration.