B3 Insight Launches New Product for Oil & Gas Industry — Subsurface Interval Pressure (SIP)

DENVER, October 2, 2024 (Newswire.com) - B3 Insight is proud to announce the launch of the Subsurface Interval Pressure (SIP) solution, a groundbreaking tool designed to address one of the most critical challenges in the oil and gas industry: subsurface pressure management. SIP leverages artificial intelligence to derive accurate subsurface formation pressure estimations at scale. It provides trusted insights on current pressure and how pressure conditions are changing inside of the formations used for wastewater disposal. With the ever-increasing challenges of managing growing produced water volumes and rising formation pressures, SIP is not just another tool — it’s a game-changer.

According to B3 Insight's Permian Basin data and research, produced water volumes in the Permian Basin are projected to surge more than 30% by 2028, and this escalating water management challenge is pushing operators to the brink. With Salt Water Disposal (SWD) locations dwindling, formation capacity decreasing and continued subsurface pressure increasing, the oil and gas industry faces an unprecedented challenge. SIP rises to meet this challenge head-on, powered by proprietary machine learning algorithms and years of industry-leading data expertise. SIP provides a never-before-seen level of visibility into subsurface pressures, helping operators mitigate risks, reduce costs, and future-proof their operations.

SIP gives operators the tools to identify high-pressure zones, optimize water injection strategies, and avoid costly wellbore integrity issues — with continuously updated data. This is not just incremental progress; this is a quantum leap forward in operational safety and efficiency.

"We’ve heard from beta users that SIP is a game-changer," said Kelly Bennett, B3 Insight CEO. "For the first time, operators can see and respond to subsurface pressure dynamics across entire basins in near real-time. This unprecedented visibility and control are crucial for anyone operating in today’s challenging water management environment."

Why is this so important now?

The Permian Basin — one of the world’s most critical oil production regions — is already experiencing significant constraints in SWD capacity. Experts warn that without innovative solutions like SIP, operators may face production slowdowns, higher costs, and increased regulatory scrutiny as formation pressures continue to rise. SIP is the first line of defense for oil and gas operators looking to not only stay ahead of these challenges but to turn them into opportunities.

SIP is already being adopted by the industry’s biggest names, including publicly traded blue-chip operators. They utilize SIP to deliver deep insights that enhance decision-making, reduce non-productive time (NPT), and optimize well designs. 

What makes SIP revolutionary?

• Continuously Updated: SIP is continuously updated with new input and training data across entire basins, delivering the most accurate and trusted data that enables proactive decision-making.
• Risk Mitigation: By identifying high-pressure zones and forecasting pressure trends, SIP helps operators prevent blowouts, wellbore failures, and other costly incidents.
• Cost Reduction: SIP empowers operators to optimize their water disposal strategies, reducing operating expenditures and accurately budgeting drilling AFEs while improving overall operational efficiency.
• Predictive Insights: SIP’s machine-learning algorithms analyze vast amounts of data to provide industry-trusted predictive insights, allowing operators to make smarter, more strategic decisions. 

To see how SIP can help you, download the Product Guide, which shows the capability of the AI-powered pressure modeling system. This guide breaks down the key derivative data from each model run, giving users clear definitions of dynamic and static pressure, injectivity calculations, Hazen-Williams approximations, and more. Click here to download the technical guide.

To speak to someone about purchasing a SIP subscription, email [email protected]. 

Source: B3 Insight