HOUSTON and SCOTTSDALE, Ariz., April 3, 2020 /PRNewswire/ -- Hibernia Resources, an acquisition and development company focused on the exploration, growth and production of oil and natural gas assets, and NarrativeWave, a software-as-a-service Internet of Things company, announced a two-year agreement for Hibernia to use NarrativeWave's software in their oil and gas operations. Hibernia will use NarrativeWave's software to optimize production and detect anomalies in the operation of their oil and gas wells.
"We chose NarrativeWave for its ability to pull in real time data and enable us to use their builders to customize equations and analytics for our operational needs," said Miles Walker, VP of Production for Hibernia. "We also see the platform being used for other applications in our business beyond the optimizing of our gas lift wells."
"We are excited and committed to the client relationship with Hibernia Resources," said Benjamin Decio, CEO of NarrativeWave. "With today's market conditions, the role of analytics and decision automation becomes even more critical as NarrativeWave helps our clients like Hibernia to maximize the value of their existing assets and promote more efficient operations. NarrativeWave rapidly enables Hibernia to leverage its own data to optimize performance and cost savings during this crucial time in the Oil & Gas industry."
About Hibernia Resources
Hibernia Resources III, LLC is an acquisition and development company focused on the exploration, growth and production of oil and natural gas assets.
NarrativeWave is the first software solution that enables self-service, data-to-decision analytics for the Industrial Internet of Things (IIoT). The company's software combines data with domain expertise to auto-generate actionable business insights and recommendations, providing real-time decisions on critical industrial assets.
For more information or to request a demo of NarrativeWave, please visit www.narrativewave.com.
View original content to download multimedia:http://www.prnewswire.com/news-releases/narrativewave-and-hibernia-announce-2-year-agreement-301034577.html