Upstream Professionals Forms to Bring Efficiencies to the Upstream Oil & Gas Industry.HOUSTON -- Upstream Professionals is a new company that has been formed to give oil and gas companies better insight and control of their Assets and operations. The founders of the company have several years of experience focused on transforming data, enhancing workflows, processes and integrating information into useable knowledge environments that foster operational efficiencies from the well head through to production. For years, oil companies have made major investments in systems for organizing and managing their scientific data like seismic, well logs and gravity and magnetism. The next major wave of investments was targeted at accounting and economic applications like SAP, Excaliber, Artesia, and others to automate To turn a set of manual steps into an operation that goes by itself. See automation. their financials. The Upstream Professionals Management Team believes the next major industry initiative is going to be in systems and services that streamline operational capabilities and provide immediate, accurate, integrated information for collaboration and informed decision-making amongst multi-disciplined teams. "This is the next big frontier for oil and gas companies," says Jeff Dyk, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Upstream Professionals. "Upstream Professionals believes accounting systems are good for keeping score, but optimizing operational efficiencies puts points on the Scoreboard." Upstream Professionals has developed a Well Lifecycle Decision Framework it uses for aligning a·lign v. a·ligned, a·lign·ing, a·ligns v.tr. 1. To arrange in a line or so as to be parallel: align the tops of a row of pictures; aligned the car with the curb. critical information and workflows with business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , and applies Best Practices and Key Performance Metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. to monitor and manage business performance. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jeff Dyk, "Using our Framework approach will give Executives a better understanding of their Assets, and provides financial insight into daily operations activities and will realize increased revenues and higher profits as a result." Upstream Professionals is headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , and additional information is available at upstreamprofessionals.com, or contact Chris Niven, Chief Marketing Officer, at chris.niven@upstreamprofessionals.com, Phone # 877-295-5913. Website is www.upstreamprofessionals.com. |
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