Data Gumbo Blog

Making Real-Time Lease Operating Expenses a Reality

Aug 7, 2020 8:34:23 AM / by Andrew Bruce posted in Hart Energy, Thought Leadership

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If data is bad, the conclusions drawn from that data will always be bad. This is true regardless of industry or application. Poor data quality from the field has long plagued oil and gas operators, making decision-making around lease operating expenses (LOE) slow and imprecise, in turn, continually yielding subpar conclusions and adding complexity to timely decision making.

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The Time to Digitize Hidden Value is Now

Jul 28, 2020 12:22:17 PM / by Data Gumbo Team posted in Thought Leadership

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Forty-eight percent of CEOs don’t trust blockchain technology.

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Poor Change Management is the Enemy of Blockchain Adoption

May 21, 2020 1:58:00 PM / by Data Gumbo Team posted in Change Management, Thought Leadership

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You can’t design the future — but you can design for the future you want.
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The Future of Oil and Gas is on the Blocks

May 11, 2020 2:12:00 PM / by Data Gumbo Team posted in Oil & Gas, Thought Leadership

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With anything blockchain, there’s a hedging for adoption and the oil & gas industry is no different. Companies often skirt the first position and instead search for safety in numbers when it comes to taking up innovative technologies. Like a school of fish in need of camouflage, straying ahead to lead the charge comes with risk and, worst case, failure. But it can also yield great reward.

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Blockchain's Year Ahead: A Brighter Future

Apr 28, 2020 3:00:43 AM / by Data Gumbo Team posted in Blockchain, Blog, Change Management, Thought Leadership

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Industry has long been easily excited about concepts from virtual and augmented reality (VR/AR) to autonomous vehicles, wearable technology to chatbots and drones, the list goes on. After innovations emerge, the pattern after much debut hype, is to go underground into pilot programs until the market achieves tangible validation.

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Oil & Gas Beyond the ‘Corona Crisis’: Predicting Industry Outcomes 

Apr 21, 2020 2:30:40 AM / by Data Gumbo Team posted in Blockchain, Blog, Oil & Gas, Smart Contracts, Thought Leadership

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The American oil market crashed below $0 a barrel this week; an unprecedented historical low. 

The “stage set for a ‘most uncertain’ future,” was already indicated by early earnings . With a precipitous 60% price drop since January , flatlining this week and even dipping into negatives , oil & gas companies across the board are cutting budgets , hunkering down and halting operations. 
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