Abstract: In a method and system for estimating an operating state of a facility, an imaging sensor (or camera) is positioned to acquire image data from a facility of interest. Image data received from the imaging sensor is stored and then processed by a computer to identify one or more regions of interest within each image. A model is then created that relates data from the pixels (i.e., pixel values) from one or more of the identified regions of interest in the image data to the operating state for the facility. As new image data is received, that image data is input into the model to estimate the operating state of the facility, and the estimated operating state is then reported to market participants.

Abstract: In a method and system for estimating an operating state of a facility, an imaging sensor (or camera) is positioned to acquire image data from a facility of interest. Image data received from the imaging sensor is stored and then processed by a computer to identify one or more regions of interest within each image. A model is then created that relates data from the pixels (i.e., pixel values) from one or more of the identified regions of interest in the image data to the operating state for the facility. As new image data is received, that image data is input into the model to estimate the operating state of the facility, and the estimated operating state is then reported to market participants.

Abstract: In a method and system for monitoring oil well development and operations, an area of interest is defined. Imagery of the area of interest is periodically received and analyzed to identify a cleared area of land, which confirms that construction of an oil well at a site has commenced. Additional imagery of the site is subsequently received and analyzed to identify one or more milestones associated with development of the oil well, including arrival of a drilling rig at the site, departure of the drilling rig from the site, completion of construction of the oil well, and building of production facilities at the site. Information about completion of the oil well and/or information about the status of the development of the oil well is then communicated to third-party market participants and other interested parties.

Abstract: In a method for estimating crude oil production, a geographic (or market) region is first identified and selected, and a value of natural gas pipeline activity for the region is determined. That value of natural gas pipeline activity for the region is then calibrated against historical crude oil production data for the region to establish a model for estimating the crude oil production for the region. Subsequently, as natural gas production data for a particular time period is received, it is input into the model to estimate crude oil production in the region, and that estimated crude oil production for the region and for the particular time period is reported to third-party market participants.

Abstract: In a method for estimating crude oil production, a geographic (or market) region is first identified and selected, and a value of natural gas pipeline activity for the region is determined. That value of natural gas pipeline activity for the region is then calibrated against historical crude oil production data for the region to establish a model for estimating the crude oil production for the region. Subsequently, as natural gas production data for a particular time period is received, it is input into the model to estimate crude oil production in the region, and that estimated crude oil production for the region and for the particular time period is reported to third-party market participants.