Blog Posts Process Management

R. Lacy Turns a Down Market into Opportunity with Spotfire

Blog: The Tibco Blog

R. Lacy is an independent oil and gas exploration and production company with core operations in east Texas. Since its founding in 1946, and continuing today, the R. Lacy brand stands for efficient, low-cost operations.

Even with the recent and significant decline in oil and gas prices—and the strain that puts on cash flows and project economics—R. Lacy is looking to expand. As Brent Haas, vice president of engineering explains, “We see these times as an opportunity to acquire oil and gas assets at lower evaluations.”

Because exploration and production is a very data-driven business, the company needed technology that would support better decision-making for developing assets and acquiring new ones. To that end, Mr. Haas, a TIBCO Spotfire user for seven years, brought in the technology, along with TIBCO professional services. The combination is enabling R. Lacy to find high-quality acquisition properties that will supply a large amount of development inventory.

Learn how Spotfire enabled R. Lacy to combine mapping, decline curve analysis, and data analytics to target the highest performing areas and drive up efficiency in acquisition.

Leave a Comment

Get the BPI Web Feed

Using the HTML code below, you can display this Business Process Incubator page content with the current filter and sorting inside your web site for FREE.

Copy/Paste this code in your website html code:

<iframe src="http://www.businessprocessincubator.com/content/r-lacy-turns-a-down-market-into-opportunity-with-spotfire/?feed=html" frameborder="0" scrolling="auto" width="100%" height="700">

Customizing your BPI Web Feed

You can click on the Get the BPI Web Feed link on any of our page to create the best possible feed for your site. Here are a few tips to customize your BPI Web Feed.

Customizing the Content Filter
On any page, you can add filter criteria using the MORE FILTERS interface:

Customizing the Content Filter

Customizing the Content Sorting
Clicking on the sorting options will also change the way your BPI Web Feed will be ordered on your site:

Get the BPI Web Feed

Some integration examples

BPMN.org

XPDL.org

×