Enverus solves various business challenges with Fusion Connect data integration

The combination of proprietary data and Enverus enables intelligent connections to uncover opportunities and insights never seen before

Austin, Texas (September 13, 2022) – Enverus, the most trusted SaaS energy company, has unveiled Fusion Connect, offering customers a new way to integrate their proprietary data with Enverus data within PRISM, characteristic decision-making of Enverus for platform energy. For early adopters, the breakthrough is already saving time, resources and improving multidisciplinary collaboration. These smart connections enable companies to act quickly and deliver extraordinary results and value that were not possible before – an incredibly important development in today’s rapidly changing energy ecosystem.

The challenge that Fusion Connect overcomes is most evident among oil and gas operators due to their need for highly accurate data to guide and de-risk capital-intensive and time-sensitive decisions. These customers often maintain unique, proprietary data based on their own internal calculations, such as Ultimate Estimated Internal Recovery (EUR), well drawdown intervals, working interests, or land expiration schedules, which differ from publicly available data or third-party curated analyses. These data sets should be compared with unbiased third-party data to verify findings or identify outliers or data gaps.

Unfortunately, blending vendor analytics and proprietary data is time-consuming, difficult, and costly, preventing detailed workflows from contributing to high-level workflows and vice versa. And that means teams spend valuable time on data integration activities instead of focusing on finding answers to drive business results. Until now.

“The struggle to make data available and turn it into valuable knowledge is what we refer to as an information disconnect,” said Colin Westmoreland, chief innovation officer at Enverus. “For years, the oil and gas industry has struggled with closing the gap between data and value creation. Not only is data integration currently slow, but it’s also not built for cross-team collaboration, creating silos within the client’s organization. Assets are then not properly evaluated, peer benchmarking is ineffective, and asset design changes are suboptimal or – even worse – not identified at all. Fusion Connect solves all of these and will benefit an entire organization including supply chain, operations, investors, land management and beyond. The possibilities with Fusion Connect are endless.”

Fusion Connect allows companies to quickly and easily integrate their proprietary data directly into PRISM, unlocking a new level of value that no other provider can offer — access to Enverus data built on 20 years of market intelligence and machine learning on a platform designed for cross-team collaboration with the most up-to-date knowledge. Faster knowledge sharing between analyst, asset, geology and engineering teams and accurate insights drive better business decisions throughout the asset lifecycle, from more accurate estimates and optimal well designs to monitoring and development strategy .

The announcement comes as Enverus highlights its commitment to intelligent connections that bring together analytics, people, experience and industry scope to connect the right data and information in the right way to uncover insights and opportunities never before seen, to act fast and to deliver outstanding results.

Learn more about Fusion Connect at Enverus.com/solutions/energy-analytics/ep/prism/fusion.

About Enverus
Enverus is the most trusted, dedicated energy SaaS platform, providing real-time access to analytics, insights and standard cost and revenue data sourced from our partnerships for 98% of US power producers and more than 35,000 supplier. Our intelligently connected platform drives more efficient generation and distribution, capital deployment, renewable energy development, investment and sourcing, and our experienced industry experts support our customers through thought leadership, advice and technology innovations. We provide intelligence across the entire energy ecosystem: renewables, oil and gas, financial institutions and energy and utilities, with more than 6,000 customers in 50 countries. Learn more at Enverus.com

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