Infostat
Infostat Systems, founded in the early 1990s, specializes in rig-to-office drilling information systems for the upstream energy sector.
Profile
Provides software solutions for drilling data management and analytics in the energy sector.
Infostat Systems, founded in the early 1990s, specializes in rig-to-office drilling information systems for the upstream energy sector. The company has over 30 years of experience in providing software solutions that cater to the separate yet codependent information needs of drilling contractors and well-operating companies. Infostat’s flagship products, RIMBase and RIMDrill, were released in 1995 and 2000, respectively, and have since evolved through multiple iterations to meet the changing demands of the industry.
RIMBase focuses on daily reporting for well operators, while RIMDrill targets the operational and analytical needs of drilling contractors. Both products are designed to integrate seamlessly with enterprise systems, offering features like data analytics, downtime analysis, and automated billing tracking. Infostat’s customer base spans global markets, including oil and gas, geothermal, mining, and water well sectors.
The company emphasizes continuous improvement based on customer feedback, ensuring that its software remains robust, reliable, and user-friendly. Infostat’s technical consulting services, including implementation, integration, and optimization, further enhance the value of its offerings. Despite its strong market position, Infostat faces challenges such as competition from newer entrants and the need to adapt to rapidly evolving technology trends in the energy sector.
Who buys this
- Drilling contractors
- Well-operating companies
- Oil and gas exploration firms
- Geothermal energy companies
- Mining companies
Strengths and what to watch
Strengths
- Over 30 years of industry-specific experience
- Robust and reliable software solutions with continuous updates
- Strong focus on customer support and training
Watch for
- Competition from newer, more agile tech entrants
- Dependence on the volatile energy sector
- Potential challenges in adapting to rapid technological changes
Key Information
- Founded
- 1990
Frequently Asked Questions
What does Infostat do?
Infostat provides software solutions for drilling data management and analytics in the energy sector. Founded in the early 1990s, it specializes in rig-to-office information systems for upstream energy, catering to drilling contractors and well-operating companies with products like RIMBase and RIMDrill.
What are Infostat's flagship products?
Infostat’s flagship products are RIMBase and RIMDrill. RIMBase, launched in 1995, focuses on daily reporting for well operators, while RIMDrill, released in 2000, targets the operational and analytical needs of drilling contractors. Both integrate seamlessly with enterprise systems and offer robust data management features.
Who uses Infostat's software?
Infostat’s software is used by drilling contractors, well-operating companies, oil and gas exploration firms, geothermal energy companies, and mining companies. Its solutions cater to the distinct yet interconnected needs of these sectors, ensuring efficient drilling data management and analytics.
What are Infostat's strengths?
Infostat’s strengths include over 30 years of industry-specific experience, robust and reliable software solutions with continuous updates, and a strong focus on customer support and training. These factors ensure its software remains user-friendly and aligned with evolving industry needs.
What challenges does Infostat face?
Infostat faces challenges such as competition from newer, more agile tech entrants, dependence on the volatile energy sector, and adapting to rapid technological changes. These factors require continuous innovation and strategic adaptation to maintain its market position.
Does Infostat offer consulting services?
Yes, Infostat offers technical consulting services, including implementation, integration, and optimization of its software solutions. These services enhance the value of its offerings, ensuring seamless deployment and optimal performance for clients in the energy sector.
Sources
- infostatsystems.com — Company history and product overview
- infostatsystems.com — Product descriptions and market focus
- infostatsystems.com — Technical consulting services offered
- infostatsystems.com — Support and training services