READYAsset Increases Plant Run Time Above 99% and Pays For Itself In Under 3-Years

Red Cedar Gathering uses the asset management to do predictive and preventive maintenance by monitoring and analyzing historical and real-time data such as temperatures and pressures.
“The additional data helps us keep a close eye on the condition of the equipment,” says Velasquez. “We now proactively measure the condition of our equipment and set historical and condition-based rules. We record machine data to see the condition of our equipment and use preset rules to identify out-of-spec conditions.”

“We can also now analyze the data and optimize the treating capabilities. We keep tighter thresholds on temperatures now and have a more efficient burner management system,” affirms Velasquez. “Our pumps are designed to maintain a consistent pressure and run efficiently. With the data, we can monitor the pumps 24/7 and identify any irregularities.”

With the Asset Facility View module, Velasquez and his team can view, locate and manage critical equipment. They can also upload interior photos and architectural drawings.

The company uses the data gathered through the asset management software to track equipment and facility conditions. The software looks at assets essential to the operation, which ones are nearing the end of their life cycles and forecasts how soon they need to be repaired and replaced as well as the costs.

All of this information improves equipment life span of and helps the energy company in purchasing equipment, Velasquez explains. From the historical data, leaders can see what equipment was used, how many run hours it had and how it performed.