Tachyus

Tachyus develops software for the oil and gas industry that combines operational data, reservoir physics and machine learning to model and optimize production. Its models are used for conventional recovery processes such as waterflood, CO2 flood, gas injection and water-alternating-gas as well as primary production, and can be built in a matter of weeks. The company also offers unconventional optimization for well and frac design, and fully automated layer-level production and injection allocation that integrates multiple data sources. According to the company, the models run orders of magnitude faster than traditional physics-based simulation, allowing operators to run continuous reservoir management optimization and what-if analyses in minutes.

A second product line, Aurion, is an end-to-end greenhouse gas emissions management platform covering emissions accounting, monitoring, forecasting and regulatory reporting. It is positioned for reporting to the U.S. Environmental Protection Agency and for criteria air pollutant reporting across multiple states, and integrates with arbitrary data sources so operators can track emissions daily and assess the emissions impact of planned operational decisions in support of net-zero targets.

Business model

Tachyus sells software platforms to industrial operators, with an optimization product for oil and gas reservoir management and the Aurion platform for greenhouse gas emissions accounting and regulatory reporting; prospective customers engage through a demo request.

Traction

Company-reported figures include 50+ customers, 50,000+ assets modeled and operations in 20+ countries, with claimed outcomes of up to a 20% increase in production and up to a 40% reduction in operating costs and greenhouse gas emissions. Pan American Energy states it applied the technology in a pilot test on one of its waterflooding projects.