Calgary, Alberta- September 4, 2018− geoLOGIC systems ltd., Canada’s leading oil & gas information provider, is pleased to announce a new joint-initiative with California-based predictive analytics leader BetaZi LLC.
geoLOGIC basinINTEL, powered by BetaZiTM, combines geoLOGIC’s premium data with BetaZi’s unique physio-statistical algorithm to deliver accurate, pre-computed probabilistic production forecasts for every well in Western Canada.
geoLOGIC basinINTEL type curves, EURs and economics are unbiased, with calibrated uncertainty, meaning you can accurately compare and contrast potential opportunities, benchmark results and assess well performance in a consistent and repeatable fashion. Delivered as interactive Spotfire projects with full export capabilities, this exciting new product equates to less time forecasting, more time analyzing.
“geoLOGIC is excited to collaborate with BetaZiTM to bring this game-changing technology to our customers.” says geoLOGIC President David Hood.
According to Janette Conradson, BetaZiTM CEO: “Partnering with geoLOGIC, an existing and well respected provider of data solutions for the oil and gas industry means getting BetaZiTM technology to the right users, in the right way, more quickly.”
To learn more about geoLOGIC basinINTEL, contact geoLOGIC’s sales team at sales@geologic.com, 403-262-1992.
About geoLOGIC
Founded in 1983, geoLOGIC systems ltd. is an industry leading oil & gas information provider based out of Alberta, Canada. We deliver premium data, innovative software and integrated analytics. We’re continuously evolving to deliver an exceptional customer experience. For more information visit www.geologic.com.
About BetaZiTM
Since 2012, BetaZiTM has been vetting its new science and providing meaningful intelligence to producers and financiers from its research base in California, USA. BetaZiTM creates state-of the art production forecasting solutions for the oil & gas industry. For more information visit www.betazi.com.