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Rextag: first 2019 GIS Data Update
02/06/2019
As promised, the latest Rextag GIS Data Update has been released. Here are some of the highlights and some examples of what you will find in the overhauled first update of 2019.
High Addition of Digitized Miles of Pipelines:
- Our team has added more than 33,000 miles of digitized pipelines to this update, possibly the largest update in pipeline mileage in many years.
- On top of this major mileage addition, more pipeline mileage is scheduled to be digitized and to be included in the next updates.
Improved Pipeline Diameter Attribution:
- Our team added new diameter values to more than 25,000 miles of pipelines, with more expected to be added over the next year of updates!
Improved Facilities:
- In addition to changes and updates to the current attributes, we have added information on numerous facilities (Terminals, Processing Plants, etc.) and we have changed and improved the data attributes and values to the existing records.
- Furthermore, we are planning to make updates to our facilities data layers a major focus of our GIS Data Update process in 2019.
New Financial Tables:
- To our clients in the finance industry, you would be glad to know that our team has added financial reports on publicly traded companies in the U.S.—along with information on their stock symbols and marketplace.
- The financial tables will be maintained and updated on the same schedule as our GIS data and they will contain information obtained from companies’ public filings.
- An example of potential use of this data: to visualize pipeline owner’s asset values as reported on a company’s balance sheet.
Improved Data Quality:
- We have improved the spatial accuracy of tens of thousands of digitized pipeline miles!
- Further spatial improvements are planned over the next few months.
Expansion of Attributes:
- We have expanded the number of data attributes to house more information we consider of significant value to our data users.
- Some of the attributes may appear “empty” at first, but fear not! We will be filling it the blanks in future updates.
Please feel free to reach out to our team with any questions or concerns on our Contact page
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
New Drillinginfo - Hart Energy’s Rextag Partnership For Midstream Analytics Service
Drillinginfo stated on Jan. 29 it formed a new strategic collaboration with Hart Energy’s Rextag unit for the purpose of creating a combined midstream business product.
Selected News from GIS Community
We think these GIS-related news will be important for the industry in the near future
The Williston Basin is a big area filled with layers of rock that sits next to the Rocky Mountains in western North Dakota, eastern Montana, and the southern part of Saskatchewan in Canada. This area covers roughly 110,000 square miles. Geologically, it's very similar to the Alberta Basin in Canada. People started drilling for oil in the Williston Basin back in 1936, and by 1954, most of the land where oil could likely be found was already claimed for drilling. The Bakken Formation with parts of Montana, North Dakota, Saskatchewan, and Manitoba has become one of only ten oil fields globally to yield over 1 million barrels per day (bpd) since the late 2000s. It is currently the third-largest U.S. shale oilfield, behind the Permian and Eagle Ford. The boom in the Bakken started around September 2008, coinciding with the U.S. housing market crash. The application of new technologies, such as swell packers enabling multiple-stage fracturing, significantly enhanced oil recovery, making the Bakken Formation a key player in the U.S. In 2022, the Bakken oil field saw big improvements in how much oil and gas it could produce. At the start of the year, 27 drilling rigs were working there, more than double the 11 rigs from the start of 2021. Important upgrades included making the Tioga Gas Plant able to process 150 million cubic feet more gas each day, and making the Dakota Access Pipeline bigger, increasing its oil transport capacity from 570,000 to 750,000 barrels every day.
Continental Resources is expanding its operations in the Midland Basin, including taking over some assets that used to belong to Occidental Petroleum. The company plans to use its expertise in exploration in this area.
Equinor and EQT Corporation have agreed that Equinor will exchange its operated assets in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interests in the Northern Marcellus formation.