OAG Analytics (“OAG”), an expert in machine learning and artificial intelligence (AI) in the oil and gas industry, announced a multi-year strategic partnership with Cimarex Energy Co.
Cimarex Chairman, President, and Chief Executive Officer, Tom Jorden, said, “This innovative partnership is designed to combine OAG’s machine learning and data analytics capabilities with Cimarex’s detailed engineering approach and rigorous focus on investment returns.”
OAG’s software combines reservoir physics with AI and best of breed machine learning techniques to improve drill unit economics as a function of rock properties, completion design, well spacing, and drill timing. OAG’s AI platform is being successfully applied to more than three million acres throughout major shale basins, including the Permian, Eagle Ford, Bakken, Anadarko, Utica, Marcellus, and Haynesville.
Luther Birdzell, OAG Founder and CEO said, “OAG is honored to be part of this important Cimarex initiative. We are proud of the insights the joint team achieved in the first year of this strategic partnership. OAG recently added the ability for customers to add their own proprietary Apps and are thrilled to have Cimarex as our first customer to deploy proprietary IP on the OAG AI platform.”