Press Release
North Dakota Oil Production Could Peak in Five Years
Toledo, OH – February 12, 2020 – Satelytics Inc. is working with operating companies in the Bakken play to increase their efficiencies and bottom line. A recent AP article citing state and industry officials suggests that oil production in North Dakota could peak in the next five years.
Satelytics is working with 11 member companies through the Intelligent Pipeline Integrity Program (iPIPE) doing weekly satellite monitoring for leaks and alerts in the Bakken. Companies are using the results of this program to protect their assets as well as streamline their work-flow efforts on the ground. Assimilating data provided by Satelytics with existing internal programs is allowing companies to more safely monitor their assets and plan for future scenarios where oil production could level off or decrease.
Satelytics Inc., www.satelytics.com is a cloud-based geospatial analytics software suite. Multi or hyper-spectral imagery is gathered from satellites, UAV, planes, and fixed cameras, and processed to provide both alerts and qualitative results for our customers. Data can be gathered on up to a daily basis and results sent to customers in hours. This includes the specific problem, location, magnitude, and even qualitative information, which minimize cost, impact, and operational disruption for our clients.
As a consortium program, iPIPE, www.ipipepartnership.com is currently directed by 11 members and one cost-share partner, including DCP Midstream, Enbridge, Energy Transfer Partners, Equinor, Goodnight Midstream, Hess Corp., Marathon Pipeline, Oasis Midstream Partners, ONEOK, TC Energy, Whiting Petroleum, and the North Dakota Industrial Commission (cost-share partner).
For more information, contact David Dunham, ddunham@satelytics.com, (o) (419) 728 0060 extension #101, (c) (701) 213 0294.
