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A number of PPDM Association members have expressed interest in funding an initiative to develop baseline definitions for the structural components of a well and the relationships between these components. Baseline definitions for life cycle stages will also be developed to help industry understand how well entities evolve over the life time of a well.
These baseline definitions will be used as the basis for comparison with the specific definitions used by key industry data providers, aggregators, and consumers in the US and Canada. The objective is to create a set of baseline definitions that map to entity definitions and business rules used by various organizations and departments in our industry. This will create a "Rosetta stone" framework that will allow industry to understand how well entities relate to each other.
The workgroup has created an interactive tool that contains representative diagrams, baseline definitions and regulatory comparisons.