BetaZi LLC is pleased to announce a joint venture offering with the US division of London-based RPS Group PLC for the financial Oil & Gas deal market. The product, called Reality Check, uses BetaZi proven big data, predictive analytics technology to quickly qualify Oil & Gas deals. With unmatched forecasting accuracy, Reality Check marks a disruptive innovation to O&G financing at precisely the time when M&A deals are poised to explode globally. Given the current price of oil, industry experts predict imminent significant increases in O&G trading activity. The rule is to vet before you bet, and RPS’ Reality Check, powered by BetaZi, offers investors their strongest tool yet for smart business decision-making, whether the deal involves 10 or 10,000 oil or gas wells.
RPS engineers return Reality Check’s precise results and meaningful maps in under three weeks, drastically reducing 3rd-party delays that can disrupt deal flows. RPS has a global staff of >5,000 and has been advising the Industry for over 45 years. BetaZi’s new forecasting and evaluation capabilities in the hands of these experienced engineering analysts is already changing the way deals are done. With Reality Check, BetaZi allows investors to engineer risk, offering up the full probability range on potential well production -- not just one number. RPS provides expert analysis of the results, ensuring that the proposed drill plan will boost production to the desired levels. RPS also provides the complete due diligence package needed for deal closing, reserve reporting, and government regulations.
BetaZi and RPS will be at the NAPE Summit 2015 in Houston from February 12-13. Presentations on both BetaZi Science and Reality Check will be given every 2 hours at Booth #2361, starting at 09:00 AM. This will be Reality Check’s industry debut, and members of each team will be on hand to answer questions and discuss the product’s game-changing potential for deal makers.