RequestNothing ever goes according to plan…disruption management in scheduling
Sophisticated Decision Support Software like Actenum’s DSO can help manage disruptions to operations schedules and quickly get you back on track.
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Industry fast adopting AI-based technology as a path to higher profits and production
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…
7 factors for improving well delivery performance
There are a number of factors that influence well delivery performance, but centering that on an integrated plan results in dramatic improvement and benefits, like reduced cycle times, improved forecasting…
Is spare capacity in your drilling program decreasing efficiency?
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…
Using advanced AI-powered scheduling to increase drilling program efficiency
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.
Are you still using simple tools for rig scheduling?
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…
Reducing drilling program cycle time, increasing money saved
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…
Meeting the demand for positive free cash flow through efficient drilling scheduling
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…
How efficient scheduling makes for efficient companies
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…
Improving ROCE and capital efficiency
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…
Actenum scheduling software adds $510k to operator earnings
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.…
Operators need to adopt new technologies focused on efficiency
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…
Don’t tell them you are using Excel!
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…
Why is scheduling well delivery like playing chess?
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…
