WellPoint Systems' Blog

CALGARY, Aug. 26– WellPoint Systems Inc. announced yesterday the release of the WellPoint Intelligent Dashboard. The WellPoint Intelligent Dashboard gives users easy point and click access to critical industry and company data – all from a single, central point of access. It places powerful analytical reports and key performance indicators (KPI’s) directly into the hands of executives and operations personnel who need to accurately measure financial, lease and production activity and performance.

“The Dashboard is a very important addition to the WellPoint line of products,” said Richard Slack, President and CEO of WellPoint. “Research has shown that companies actively using dashboards are achieving higher performance than their peers and adding this feature to our product offering highlights our ongoing commitment to providing solutions that help our customers run their businesses better.”

The Dashboard uses SQL Reporting Services and cube technology to aggregate data and measurements from WellPoint’s software as well as third party applications. The system utilizes WellPoint’s data and a standard SQL Datastore to produce Business Intelligence objects. Customers can easily connect to their data in the WellPoint systems and any other SQL compliant system, allowing them to create intelligent dashboards, providing analysis and insightful reports in just a few clicks.

For further information

Richard Slack, President and Chief Executive Officer, (303) 987-2238, rick.slack@wellpointsystems.com
Bharat Mahajan, CA, Chief Financial Officer, (403) 444-3916, bharat.mahajan@wellpointsystems.com

WellPoint Systems presented “The Digital Oilfield: Is It Hitting Rock Bottom?” today at the Houstonian Hotel, where Catherine Madden, Senior Research Analyst for IDC Insights, discussed trends in the oil and gas digital field and challenges companies are facing.

The underlying question of more and more oil and gas companies today is, Is the digital oil field dead?
Madden’s answer is simply, no.

“The digital oil field is critical to the industry’s achievement now and in the future. How it is viewed is shifting, but it’s not dead,” said Madden. She went on to explain that the post-recession industry has been making a cautious recovery, but most fundamentals are getting stronger, even in the shadows of the latest business challenges such as the changing environment, human capital, collaboration, data management, and intelligent energy.

Madden emphasized the comparison of what the digital oil field looked like before and what it has become; there is now an increased focus on industry standardization and real time data exchange. She says that standards enable integration across all domains and facilitate the management of assets through the life cycle, which has brought recent success to companies like ExxonMobil.

“With embedded IT into business units, it is not just a cost center; it is an efficient collaboration,” affirms Madden. Her charge to the industry is to find a way to connect your organization through the improvement of integrative data and open standards.

Even in times like these, where the oil and gas community is recovering from tragedy in the Gulf and pressure on IT is greater, the digital oil field is alive and necessary.

“You have to have systems that optimize data collected,” Madden said, “Data can be your best friend.”

Despite the unfortunate accident in the Gulf of Mexico, a new NBC News/Wall Street Journal poll suggests that public support for expanding offshore drilling is remaining solid. According to the Wall Street Journal, “six in 10 respondents…carried out from May 6 to May 10 said they backed more drilling for oil off the United States coast.” Gulf state respondents were more inclined to support additional offshore drilling; 63 percent of them said they would even approve of more rigs.

WSJ also reports that “many respondents said they wanted to see offshore drilling controlled in some way, but appeared confident that the risk of future accidents could be reduced and any damage from them limited.”

As the Gulf spill has already began to shape the future of the industry, it also is beginning to serve as a factor in upcoming political races.

To read more on how industry leaders are responding to the spill, read here

WellPoint Systems will present “The Digital Oilfield: Is It Hitting Rock Bottom?” on Tuesday, May 18 at the Houstonian Hotel. Come listen as Catherine Madden, Senior Research Analyst for IDC Insights, discusses trends in the oil and gas digital field, and how oil and gas companies are measuring bottom line returns with specific examples from BP, Shell, Chevron and ExxonMobil. As opposed to focusing on the usual oil field topics, this presentation will focus on bottom line results.

The morning will begin at 7:30 at the Houstonian, and breakfast will be served. Please RSVP to Jenny Olvera at jenny.olvera@wellpointsystems.com or at 713-850-1812 x400 as soon as possible.

We hope to see you there

This week, almost 70 American oil and gas workers are talking to policymakers about the vitality of America’s strong domestic oil industry to our economic future and the creation of jobs. The workers on Capitol Hill include geolists, landmen, rig workers, petroleum engineers, and others from fifteen states, all discussing the potential of vast shale gas resources.

Jack Gerard, API President and CEO, has addressed the issues arising from Congress’ consideration of policies that will be impacting these workers’ lives. According to Gerard, Congress will be making major decisions in upcoming months, and it needs to hear the voices of the American workers who greatly depend on the oil and gas industry.

Read more about how workers are bringing their stories to Washington this week at: http://www.rigzone.com/news/article.asp?a_id=91748