Dataiku and Kayrros understand the value of unconventional data in enabling faster action with hyper-agility. Our recently announced partnership represents a shared ethos in valuing cross-collaboration between teams and the ability to use data and new technology to garner deeper insights. …

In April, US tight oil completions dropped to the lowest level of activity in any single month since 2016 — In April, US tight oil completions dropped to the lowest level of activity in any single month since 2016. When plummeting demand due to COVID-19 and increased OPEC output drove WTI prices to historic lows in March, operators reacted immediately, cutting well completion activity to bare minimums in every basin…

To estimate disruptions, Kayrros crosses public resources with satellite imagery to monitor flaring activity, a key indicator of production, and extract field by field signals of activity.

The completions count fell by 48% m/m in April 2020 while DUC wells increased by 717 — After holding steady at the end of Q1, well completions fell across the US tight oil basins in April, dropping by 481. …

It’s time to train a workforce to fight climate policies with alternative data — “We used to do drive-arounds in Texas. People had instruments on their cars, and they would drive around shale gas formations to collect emissions data from the source,” said Thomas Lauvaux, researcher at the LSCE, Make Our Planet Great Again fellow and an expert in atmospheric modeling. …

The global oil industry has been doubly hit by the COVID-19 pandemic: by the collapse in oil demand triggered by the lockdowns and by the exaggerated perception of these demand losses. Inventory data derived from satellite imaging show that the demand drop in April, however severe, was nowhere near the…

Kayrros examines road traffic signals in the US and reveals that the decline in US demand has slowed and may be on a path to recovery — The global demand collapse and more permanent demand destruction looms large in the oil balance. …

The papers introduce new image processing techniques that will progress the science driving geospatial monitoring — Kayrros is very pleased to announce that six scientific research papers, authored by Kayrros and its partners at the Université Paris-Saclay, have been accepted by the International Society for Photogrammetry and Remote Sensing (ISPRS) Congress 2020 for publication. …

The oil market was shaken to its core when NYMEX WTI prompt contract prices, for the first time in history, fell into negative territory. Commentators were prompt to point to an explanatory factor: the US is out of storage capacity. Kayrros data show there is more to the story. While…