Data plays a major role in the oil and gas industries. There are multiple databases used to track everything from well production to refinery output to prices at the pump. All this data helps track where gas and oil is coming from and where it is going. Oil and gas production begins in the field and is then transported to a refinery where the product goes through distillation and cracking processes. From the refinery, a wholesale company sells fuel to retailers and major consumers. Oil and gas data management is central to the efficient and successful operation of this industry.
Oil and gas production
Oil and gas production begins in the field. Geologists are always on the lookout for potential new sources. Once a new potential source is found, geologists will take samples and may even drill a test well to gauge the potential output of a permanent rig in that location. This information is recorded inside databases that let geologists track locations, test data, and potential outputs.If the geologists deem a certain area good for production drilling, the rig and drilling engineers step in. These engineers use the data collected by the geologists to locate the best drilling sites. Then, the rig and drilling engineers send drilling crews in to start boring production wells. During the drilling process, the crews take readings of depth and location, which they track closely. The idea is to get the well bore right into the heart of the oil and gas layers.
Once the drilling crew hits the oil and gas layers, it is time to finish off the well and get it ready for production. In most modern wells, some form of fracking is going to happen. Fracking requires pumping large amounts of high-pressure liquids down the well and into the surrounding oil-production layers. Drilling crews monitor and track all the parameters of this operation.
When the well goes into production, monitoring is continuous. The petroleum companies track the well’s level of production, as well as the quality of the oil or gas coming out of it.
Refineries are the next step in the production of fuels. Crude oil goes to a refinery. The refineries track how much crude oil they receive from different sources and monitor the crude oil as it goes through the distillation and cracking processes. The refineries also measure how much of each kind of petroleum-based product is produced and its quality. This measurement helps the refinery tweak the production process to ensure higher quantities and quality.After refining, fuel is sent out to wholesale terminals. This transportation of fuel can happen via pipeline, tanker ship, or tanker truck. Every shipment that goes out is tracked. Once the fuel shipment arrives, the wholesaler also tracks each arrival, its quantity, and source.
Fuel wholesale and retail
The wholesale company is the one that sells to fuel retailers and major consumers. These fuel companies have multiple databases that track their clients, their sources, and their vendors. For example, they track every truck that leaves the terminal. The truck will go to clients. The clients will receive an invoice. The fuel wholesaler will then need to bill the client for their shipments.A fuel retailer tracks all the shipments received from the wholesale companies, the price paid, and the quantity received. These retailers also track how much fuel they sell.
Oil and gas data management begins with high quality software and hardware. The data is central to the efficient and successful operation of every part of the industry. This information requires vigorous data management and using the best tools for analysis. Loss of data is unacceptable, which requires taking extensive backups and having procedures in place in case of disaster.
Data management for both the fuel wholesaler and the fuel retailer is important because it is central to their businesses. If you need to purchase wholesale fuel, contact us here at Kendrick Oil. You can reach us at (806) 250-3991. Our website offers a full overview of our products and services.