Efforts to share the data that supports the new program started in 2006 when Enverus, then known as Drillinginfo, collaborated with Oil-Law Records (OLR) to make the information available to its customers.
Officials said OLR, founded in 1955 and acquired by Enverus in 2017, has served for decades as the go-to place operators have used to obtain that needed information.
The company, known for keeping the most intricate and detailed sets of Oklahoma oil and gas well spacing records in existence, was founded by “three of the brightest engineers who ever worked in the oil and gas industry in Oklahoma,” McPherson said.
“They saw the geological world in four dimensions and created a tabular system that used a card catalog index to piece it all together,” he explained.
Officials said the process to launch Oklahoma Source Spacing/Units specifically began when Enverus acquired OLR, “with the goal of putting it in front of our customers as quickly as possible,” he said.
“It includes that four dimensional information, shown in a two-dimensional environment,” McPherson said. “But we believe we will be updating the system, over time, to visually be able to show all the levels of information.”
He also noted the software’s rollout is particularly meaningful, given the challenges Oklahoma-based oil and gas operators face today.
“In today’s downturn, operators cannot afford to waste time or cut corners when the stakes are this high,” he said. “We’re now doing it for them in seconds, following the geological and legal development of zones and formations over time and distance with the thoroughness previously reserved only for making a new application for spacing.