Los Angeles, CA - March 3, 2015 Seven Lakes Technologies, leading developer of innovative enterprise software and solutions for the Oil & Gas Exploration & Production sector, today announced that it has completed a $20 million Series A round of financing with Carrick Capital Partners, an investment firm focused on technology-enabled services businesses including SaaS, Software, BPO and Transaction Processing. The financing will support Seven Lakes’ accelerating growth, its go-to-market strategy and …

Problem: Executives in Oil and Gas manufacturing business usually don’t have a ready dashboard or a scorecard which can provide a quick assessment of operational performance of their business (overall / individual). Knowledge based management is challenging as information gathering and reporting on consistent basis can be inefficient. Executives and business leaders can be forced to make critical decisions with incomplete or inaccurate information as time is against them Background: Most of …

Improving Operations management using Business intelligence One of the biggest benefits of implementing Business Intelligence platforms at Oil and Gas companies is leaner and faster decision making. Measuring the benefits of Business Intelligence platforms and managing the decision making process can accelerate the Return on Investment and enhance the efficiency of operations. This blog will discuss my views and opinions on the most effective ways an Oil and Gas company can benefit …

Production downtime is one of the largest costs that affect any E&P company’s bottom line. It has at least a two-fold impact - one is deferred or lost production & the second of bringing the well back online. The first step to mitigating these costs is to be able to measure & monitor downtime accurately. The key elements of managing downtime analytics can be subdivided into 3 parts Source Data - The foundation …

Master data management (MDM) for most companies in the E&P sector are dreaded words. Mainly because not only do they have to deal with developing a framework for data yet to be created but also because there is a lot of historical data to be cleaned up. Yet the lure of having a functional MDM is so great that many E&P companies undertake this perilous journey. Some companies make it, unfortunately others …

The PPDM Association is professional society dedicated to the recognition of Data as a critical industry asset and building Data Management as a professional discipline. PPDM hosts events like conferences, workshops and luncheons to encourage discussions around Data Management. Seven Lakes Technologies has been a big proponent on the Enterprise Data Management and its underlying disciplines, and has been working on multiple such initiatives with various Oil & Gas clients helping them …

Importance of Non-Hydrocarbon Supply Chain Management Solutions in Oil and Gas Industry Discovering Opportunities for Operational and Financial Performance Improvements Oil and Gas companies operating in today’s environment are well aware of the complexity of their space, be it the challenges of working in a highly competitive market, growing organically as well as through Mergers/Acquisitions, optimizing their operational performance for maximum return on their investments or dealing with the Bullwhip effect of …

Oil & Gas Mergers and Acquisitions occur with the intent of gaining efficiencies and adding value to both sides of the equation by expediting the focus to extract value from the wellsite. However, O&G M&A is often filled with time spent integrating vast amounts of data. This may include items such as lease agreements, JIB accounting, net revenue interests, payouts, working interests, section, township, range, latitudes, longitudes, Jeffersonian/Non Jeffersonian and these are …