Artificial intelligence helps energy companies monitor drilling rigs and measure injection pressure and discharge. This technology is currently being used to automate regulatory reporting.
One example is Winn Resources’ partnership with Collide, an AI-powered platform for energy professionals. The partnership automates the process of filing monthly W-10 and G-10 forms with the Railroad Commission, reducing what once took hours to less than 30 minutes.
“We’re working with several carriers in the Midlands,” said Todd Busch, Collide’s chief operating officer.
“It’s fun to watch them learn AI,” Bush told the Reporter-Telegram in a phone interview.
In addition to collecting data for regulatory reports, he said Collide’s platform could help search drilling reports and help landowners review lease agreements to ensure their companies are meeting their lease obligations.
Telcos and midstream companies can also use the platform to organize their data and make investment decisions, such as whether to add collection lines or distribution points.
Busch estimates that the programs used by Collide’s customers include 80% of the AI platform, with the remaining 20% customized for each customer.
“We identify their back office, such as using spreadsheets to review lease agreements and drilling contracts. We incorporate that into their workflow to make their job easier. This allows them to focus on higher-value applications,” he explained.
For Winn Resources, the process of manually completing monthly W-10 and G-10 returns can take between 2 and 4 hours each month. This process was time-consuming and prone to delays when critical well test data was missing.
After deploying Collide’s AI infrastructure designed specifically for upstream operations, Winn was able to complete declarations for approximately 50 wells within 30 minutes.
Mr. Busch described a second collaboration in which United Production Partners leveraged Collide’s platform to review regulations related to seawater disposal and gas treatment and processing.
He emphasized that AI does not remove humans from the process. Most of the workflow is handled by AI, but data validation is done by humans.
He said carriers’ efforts to improve efficiency and contain costs are driving interest in AI platforms.
Collide has grown to about 25 people in Houston, with additional employees in Austin, Midland and Oklahoma City.
