Canadian Discovery and Sproule Partner to Deliver a Joint Energy Solution
Thursday, November 9th, 2017
CALGARY, AB, CANADA – November 9, 2017 – Canadian Discovery Ltd. (CDL) and Sproule are pleased to announce a new strategic partnership to deliver a joint energy solution designed to leverage CDL’s geologic and technology expertise and Sproule’s new engineering analysis.
With a strong track record for building industry premiere datasets, CDL is the partner of choice for delivering and marketing Sproule’s new Play Metrics analysis through their play evaluation platform, Catalyst. Play Metrics is Sproule’s expert opinion of production profiles and economic parameters for the key resources plays across Western Canada. The combination of CDL’s fast, intuitive online platform and Sproule’s analytics will enable the industry to dramatically reduce the time spent and increase the accuracy of identifying new resource opportunities across Western Canada.
According to Steven Golko, Sproule’s Vice President of New Ventures, “the industry is settling into a new reality as commodity prices stabilize. We need to support our industry and attract the right investment for the right opportunities.” This is why Sproule’s consulting experts developed Play Metrics. “Many of our clients had requested this type of information from us in the past and based on their feedback we decided it was time to commercialize our efforts and distribute this information to a larger segment of the market. We’ve taken Sproule’s Type Curve expertise and now combined it with our expert opinion on costs and by-product information to create an original content set that is currently unavailable anywhere else,” says Golko.
As part of this partnership, Sproule’s Play Metrics analysis leverages CDL’s geological expertise to more accurately define reservoir boundaries based on their extensive experience. For CDL, this partnership offers the opportunity to expand the content currently offered through its Catalyst platform. “We’ve spent over a year refining the platform to provide a simple and elegant user interface and integrate niche, high value content to set us apart from other data providers. Sproule’s Play Metrics analysis was a perfect fit for what we’re trying to achieve, which is to build a new industry standard database to help the market assess resource plays,” says Kaush Rakhit, CEO of CDL.
“Investors need to quickly and accurately identify strong and weak players and apply a unique investment strategy to both. Benchmarking results between companies, areas and by vintage is imperative if producers want to understand if they are improving over time" says Rakhit. “Using our Catalyst platform with Play Metrics allows decision makers to compare opportunities by play or on a more discrete, well by well basis.”
For Golko, "This partnership aligns with Sproule’s core strategy to deliver high value consulting and advisory services and provide our mutual customers with greater insight to make more informed decisions."
Canadian Discovery Ltd. (CDL) is an independent, global energy information services company headquartered in Calgary, Alberta, Canada. For 30 years, we’ve continuously evolved to deliver oil & gas data, analytics and expertise via online applications and supporting consultancy services. Geoscientists, engineers, investors, and executives at hundreds of organizations worldwide currently leverage CDL’s insights to maximize results.
A global energy consulting firm, Sproule is anchored by deep geotechnical and engineering expertise and a strong commercial understanding of energy markets and policy requirements. Sproule helps E&P companies, financial institutions and governments minimize risk and optimize business decisions.
Contact Canadian Discovery Ltd.
Tiffiny Yaxley, Senior Account Executive
+1 403 269 3644
300, 706 – 7 Avenue SW
Calgary, AB Canada, T2P 0Z1
Karen Nemez, Manager, Marketing
+1 403 294 5549
900, 140 – 4 Avenue SW
Calgary, AB T2P 3N3