Tachyus, the leading provider of prescriptive analytics for oil and gas operators, announced today that Jeri Eagan, former CFO of Shell Oil Co., has joined the company’s Board of Directors.
“Tachyus‘ mission to create technology that massively shifts economics for oil and gas producers is of fundamental importance to the energy sector” explained Scott Nolan, Partner at Founders Fund.
“Tachyus‘ data-driven optimization software, Data Physics, has been repeatedly proven to significantly increase production and decrease operating costs for oilfields. Given the need for profitable, long-term production amidst low oil prices, it is time to scale this breakthrough technology globally. We are thrilled to have former Shell CFO Jeri Eagan join the Tachyus Board.” Tachyus‘ software-as-a-service solutions empower executives and engineers with the data-driven workflows they need to effectively deploy and manage capital across mature enhanced oil recovery assets.
“Tachyus‘ unique platform provides unprecedented insight and enables producers to plan, drill, and operate fields much more efficiently. Tachyus‘ software has already helped customers to reduce lease operating costs by over 40% and increase production by 20% across thousands of wells. I believe we can play a crucial role in the cost-effective recovery of oil for supermajors and national oil companies around the world.” As Tachyus scales to serve the world’s largest oil and gas operators, it will leverage Jeri’s deep experience across the petroleum industry over the last 30 years.
In joining the Tachyus board, Jeri adds global industry commercial and financial experience to a growing team of senior technical industry advisors including world leading EOR/IOR experts Dr. Ganesh Thakur, former Chevron Fellow and 2012 President of the Society of Petroleum Engineers, and Jeff Hatlen, former Chief Engineer of Occidental Petroleum.
Tachyus has helped analyze more than 10,000 wells leading to nearly a millionbarrels of incremental oil production and tens of millions of dollars of savings.
Founded in 2013, Tachyus‘ team combines centuries of experience across petroleum engineering, data science, and software engineering from our time with companies such as OpenGov, Microsoft, Tesla, SpaceX, OXY, Shell, Chevron, Halliburton, and Schlumberger.