Oil Production Mergers and Acquisitions Operations data Viz Tool
Oil and Gas companies need to add wells to maintain or increase production and big oil and gas companies like ConocoPhillips or Occidental Oil and Gas opted for acquisitions rather than exploration to increase their baseline. Acquisitions have several challenges, for instance, employees will be working in new areas, managers have to decide how to allocate their budget and operations have to decide the top priorities of the new formed company and will need to compare the assets with the least amount of bias. To make the process more efficient, we plan to create a Viz tool to support the understanding of oil and gas reported production rankings for oil wells and the location of the top producers and the areas of interest during mergers, acquisitions and daily operations using race rankings and displaying the location of the ranking.