Many oil and gas companies have been undergoing digital transformations with the goal of driving down inefficiencies, increasing production, and improving return on capital employed. While the oil and gas…
There are a number of factors involved when improving well delivery performance but taking incorporating all of them in an integrated plan results in dramatic improvement and benefits like reduced…
Hidden unwanted capacity is a drain on your costs and exists because of inefficiency. While it’s important to think about this at any time, it becomes even more critical when…
Q&A with Society of Petroleum Engineer’s Dr. Nils Kaageson-Loe and Actenum’s Owen Plowman on the use of AI in modern drilling program scheduling tools.
The real-world operational complexity of lease management and scheduling overwhelms the capabilities of a spreadsheet and can make people’s jobs very difficult. It’s challenging to model a lease effectively, for…
By simplifying rig scheduling and eliminating guesswork, Actenum’s software significantly improves the efficient use of equipment, personnel and other resources, which leads directly to a reduction in drilling program cycle…
For E&P companies to be successful, everything needs to be working at maximum efficiency in order to meet their goals and budget. In other words, all resources and components have…
For E&P companies to be successful, everything needs to be working at maximum efficiency in order to meet their goals and budget. In other words, all resources and components have…
E&P operators are now evaluated not by how quickly they can grow their operations, but instead on how efficiently they use their capital to drive profitability. It doesn’t matter whether…
In 2015 it became clear to a US operator in the Permian basin that as they had grown by acquiring acreage, they had also outgrown their existing spreadsheet-based scheduling tool.…
In the middle of the pandemic lockdown, we read an article about research done by Quorum Software, indicating the need for operators to invest in digital transformation to weather the…
There is an excellent article in JPT titled, “Don’t Tell Them You Are Using Excel” written by their Emerging Technology Senior Editor. In it, they quoted Chevron’s CIO speaking at…
When you’re scheduling drilling operations, there are a lot of moving parts and a lot of players to think about. Making the right moves is critical to whether you optimize…
Our website uses cookies to personalize and enhance your experience and improve the delivery of information to you. By clicking "Accept", you agree to our use of cookies. Click “Learn more” to read our Privacy Policy and find out how we use and protect your information
Request