Overview of Enverus

• Enverus acquired RigData which had agreements with rig operators for data collection.
• They survey rig companies and gather data from state websites, particularly from organizations like RRC.
• Enverus aggregates lots of public oil and gas data, including private or public(ish) data.

Pros and Cons of Enverus

Pros

• Enverus provides comprehensive and accurate data for production and well information.
• Their algorithm for production allocation is highly efficient.
• Enverus has monitoring devices on rigs for real-time data collection.
• The customer service at Enverus is highly praised for being responsive and helpful.

Cons

• Some users noted discrepancies in Enverus' numbers and data accuracy, with delays and skewed information.
• While Enverus has improved, there may still be occasional lag in specific data updates.
• Users mentioned that Enverus might be behind the curve in terms of data accuracy compared to other services like IHS.

Comparison with IHS

• Users have mentioned that IHS has higher quality data compared to Enverus.
• However, Enverus is noted for being quicker and having more information available on the land front.
• IHS is preferred by some for pulling well data, while Enverus is praised for summary production data for entire basins and frac data.
• Enverus reportedly has advanced algorithms and comprehensive historical data, with wells data dating back to 1905 in many states.

Other Mentions

• A user chose Novi Labs over IHS and Enverus for data accuracy obtained directly from operators.
• An Engineering Manager noted that Enverus' production allocation algorithm is on par or slightly better than IHS.
• Some companies have switched entirely to Enverus from IHS and are satisfied with the decision due to better customer service and data quality.