Xecta Digital Labs Awarded Top Innovator in Oil & Gas for 2023 by Darcy Partners
Houston, Texas USA, 14 February 2024: Xecta, a leader in next-gen production surveillance and optimization solutions tailored for the energy industry, is thrilled to announce its recent recognition as a Top Innovator by Darcy Partners in the 2023 Oil & Gas Production category. This accolade highlights Xecta’s pioneering approach in merging AI with physics to create hybrid models that are fast, accurate, and remarkably scalable.
“Darcy Partners, a premier technology and innovation intelligence firm specializing in the energy sector, is pleased to announce Xecta as one of the distinguished recipients of Darcy Partners’ 2023 Top Innovator Award in Oil and Gas. Xecta’s key differentiation is its use of hybrid physics and data-driven models that focus on multi-well optimization versus single-well set point optimization, and has been deployed effectively by Darcy Partners members. Xecta demonstrates innovative usage of physics and AI methods, and Darcy Partners congratulates them for their outstanding achievement and innovation.”
– Ron Sasaki, Darcy Partners, General Manager of Oil & Gas
“We are immensely proud to be acknowledged as a leader in production technology this year by Darcy Partners,” stated Sanjay Paranji, CEO of Xecta. “This award recognizes our team’s persistent innovation and our commitment to enhancing operational efficiency and maximizing productivity for our customers through our advanced digital solutions.”
This accolade from Darcy Partners strengthens Xecta’s leadership in technological advancements within the Oil & Gas industry. Xecta has successfully deployed its cutting-edge solutions across numerous unconventional plays as well as mega offshore and onshore conventional fields globally. Our advanced reservoir and production workflows automate complex processes and can incorporate both daily and high-frequency data, ensuring models remain evergreen to empowers operators with prescriptive recommendations and critical alerts designed to achieve and sustain maximum production levels.
About Xecta Digital Labs
Xecta specializes in advanced digital engineering solutions that leverage hybrid AI and physics-based models to transform the energy industry. Our technologies enhance efficiency and scalability, providing robust production optimization and surveillance capabilities that adapt to the unique demands of both unconventional and conventional fields. Xecta has offices located in Houston and Dubai, for more details, visit: www.xecta.com
About Darcy Partners
Darcy Partners (www.darcypartners.com) exists to help the energy industry solve its toughest technology challenges. Customers use Darcy’s software platform and research services to identify, vet, and deploy new technologies and to collaborate with industry peers on vital engineering and innovation challenges. Darcy supports over 100 corporate members in the energy, utilities, industrials, and private equity industries.
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