With the vote for Colorado Proposition 112 just around the corner, the citizens of Colorado are waiting in suspense to see what the future of oil and gas holds in the DJ Basin. For those that are unfamiliar with what Proposition 112 entails, it is the initiative that was designed to mandate that new oil and gas development, including fracking, be a minimum distance of 2,500 feet from occupied buildings. If passed, the proposition would only apply to new oil and gas developments, and any oil and gas sights that were established before November 6th, 2018 would remain Grandfathered as they are.
As you can imagine, this has sparked a lot controversy in the oil and gas world, and for good reason. With over 116,000 wells and over 220 operators, Colorado ranks 6th in the nation for oil production. The majority of those wells sit inside the Denver Julesburg Basin (DJ Basin), which is responsible for 440,000 BBLs per day in Colorado alone.
Twin Eagle Consulting is no stranger to engineering IoT solutions for oil and gas companies, and in this instance, Twin Eagle has already implemented an IoT solution for this issue that Proposition 112 is trying to solve. The goal is to keep the citizens out of harms way in the event that an oil and gas sight has a leak or spill creating a potential for an explosion. Some see that the flaw with Proposition 112 is that it is does not solve the issue, instead, it acts like a band aid trying to buffer the real problem from the public view.
The solution that Twin Eagle has implemented detects spills and leaks right away and notifies the producer before the issue ever gets to the point of a hazardous leak or potential explosion. With todays technology, Twin Eagle can design and engineer a custom solution that allows you to remotely monitor your sights 24/7. You can actually get real time alerts for issues that are happening at the sight, and you can deploy a team to fix that issue before it becomes harmful to potentially vulnerable areas.
There are a number of ways you can do this, whether it is a virtual sight tour, sensors, Optical Gas Imaging, Thermal Imaging, or even audio surveillance. What ever your need, or budget you have, Twin Eagle has the Turn Key Solution that you need to keep your O&G sights running smoothly and keep the communities around you safe.
- – https://www.shalexp.com/states
- – https://ycharts.com/indicators/colorado_crude_oil_production