BetaZi offers government entities a unique standpoint for objectively assessing well production data and the reserves estimates that derive from them.
BetaZi has a very material role to play in empowering government entities with the science and technology needed for improved oversight of oil and gas producers and valuation of assets held on government tax rolls. This better intelligence can be applied to: national land lease values and oil & gas asset sales, SEC 10K market reserve valuation report validations, revenue reconciliation/audits by taxing bodies, national oil reserves strategic planning, as well as other regulatory functions.
Our experience evaluating well data on over 1MM wells to date has led us to the observation that there is a notable dislocation in forecasted values vs actual values in many cases. Prior to the creation of BetaZi, reliable forecast estimates were hit and miss, and there was little way to know whether reports were on the mark or wildly off-base. To be fair, previous forecasting technology has not been sophisticated and powerful enough to easily and rapidly recognize inconsistencies until now, with the BetaZi solution and recent advances in machine learning. The new science driving our forecasting engine offers a unique standpoint for objectively assessing well production data and the reserves estimates that derive from them. Given the magnitude of potential economic impact that could result from overconfidence in or substantive variance of these figures, we feel an obligation to bring our services to public agencies that are tasked with industry accountability and correct reserves reporting to the public.
We are in the process of forecasting every well in the USA, using public data to build a library, bzAlamanac™, which will be available as an annual subscription product for instant download. Updated monthly, bzAlamanac™ will have the ability to filter by region, operator or other factor to get the specific information needed in record time. We can also create a similar library for your agency, based on data provided by you and aggregated by producer, operator or any other desired filter. These forecasts can be used to create economic reports, maps and other forms of actionable intelligence and analysis. Additionally, we can provide your agency or office a custom install product (bzOnSite™) that allows you to run your own BetaZi forecasts from proprietary data, with any added functionality that you might require to better regulate, qualify, or quantify that data.
BetaZi is an approved vendor to the US federal government and is registered as an OMWI entity.
DUNS # 079348474
CAGE # 7NL55
North American Industry Classification System (NAICS) codes applicable:
211111 Crude Petroleum and Natural Gas Extraction
213111 Drilling Oil and Gas Wells
213112 Support activities for Oil & Gas Operations
221112 Fossil Fuel Electric Power Generation
423430 Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
511210 Software Publishers
518210 Data Processing, Hosting, and Related Services
523930 Investment Advice
541330 Engineering Services
541511 Custom Computer Programming Services
541512 Custom Computer Design Services
541611 Administrative Management and General Management Consulting Services
541690 Other Scientific and Technical Consulting Services
541990 All Other Professional, Scientific and Technical Services
BetaZi is a woman and minority owned small business with the associated benefits to the agencies that leverage our services to accomplish their mission directives.