Geoscientists and reservoir engineers evaluate resource potential and the chance of success for their exploration plays and prospects through detailed analysis. They feed results into exploration portfolios for decision makers to consider. These processes are often time-consuming and fraught with error. Critical information and assumptions can be lost, out of sync or not timely delivered, which impacts decisions made on capital and resource allocation.
Historically, these data have been managed in file libraries and complex spreadsheets. Rose & Associates and 3GiG have developed a web- or server-based application, Appra, that stores the evaluation data, applying version control through the play or prospect life cycles. Using new automation, Appra allows both scientists and leadership the ability to access, analyze and track exploration decisions, becoming the single source for the value capture of their exploration business.
HOUSTON — (December, 14th, 2018) – 3GiG was recognized as one of the 10 Most Promising Digital Companies at the 2018 Texas Digital Summit hosted by the Rice Alliance for Technology and Entrepreneurship and Station Houston at Jones Graduate School of Business, Rice University on Dec. 6.
Artificial intelligence, blockchain, Internet of Things and machine learning were represented among the 40 who presented their four-minute business pitches to an audience of more than 300 people including investors and industry experts. The Houston entrepreneurship community is carving a niche for enterprise technology, which plays to the strengths of Houston’s top industries of energy, life science and advanced manufacturing.
The one-day event culminated in an announcement of the Rice Alliance for Technology and Entrepreneurship 10 Most Promising Digital Companies chosen from 40 presenters and judged by investors and business leaders in attendance, based on the companies’ business plan presentations and investor feedback.
3GiG is an integrated technology and services company focused on providing software to support the “oval office” needs of upstream oil and gas companies to improve the management of projects, plays and prospects. 3GiG’s Prospect DirectorTM Platform offers a simple, secure, and scalable solution to optimize a broad range of technical, business and decision processes. For more information, visit www.3-gig.com.
‘We were honored to have been included in the Top 10 and would like to thank all of the organizers from the Rice Alliance and Station Houston for their hard work in putting on an outstanding event,” said Kandy Lukats, CEO and President of 3GiG.
Rice Alliance managing director Brad Burke, announced the winners of the I.T. and Web Technology Company awards at the event. “Every year the quality of companies improves. This year we had a diversity of companies including artificial intelligence and big data management. We were pleased to the vast majority of companies from the Houston area, demonstrating that Houston is a hub for enterprise technology solutions.”
Sponsors of this year’s IT and Web Venture Forum included: Insperity, Accenture, Greater Houston Partnership, Winstead, JP Morgan Chase & Co., Anadarko, Vinson and Elkins LLP, Mercury Fund, PKF – Texas, Norton Rose Fulbright, Dell, GOOSE Society of Texas, Houston Angel Network, RedHouse Associates, Houston Exponential, Texas Halo Fund, TMC Innovation, The Cannon, and TiE Houston.
About The Texas Digital Summit
Digital technology is unlocking new business models and transforming how industries operate and how people work. The Texas Digital Summit is the premier digital event in Texas that brings together members from industry, emerging AI, blockchain, big data, Internet of Things, advanced manufacturing, machine learning and other companies, academic, and investors. This event represents an opportunity to meet investors, learn about promising digital advancements and network. The Texas Digital Summit is hosted by the Rice Alliance for Technology and Entrepreneurship and Station Houston.
3GiG Media Contact
Sasha W. Gumprecht, 3GiG
+1 281 501 1860 x 103
Sasha.Gumprecht@3-gig.com
Texas Digital Summit 2018 3GiG Award Top Ten Most Promising Company Press Release (PDF)
HOUSTON, May 23, 2018 (GLOBE NEWSWIRE) — Rose & Associates, LLP and 3GiG announce the release of Appra, a flexible software that provides E&P companies with a robust, secure infrastructure to manage their portfolio of exploration and appraisal plays, prospects, and projects from concept through development.
