When US oil and gas operators come into drilling situations blind, they risk cost overruns and equipment failure because of unknown geological threats. But with the right information, they can significantly improve operations and increase their profit margin.
Integrating offset drilling data with drilling and completions performance benchmarking can help operators hone efficiencies. Operators can also enhance drilling programs with best practices and improving drilling operations with quick ROP and days to drill estimates. Information is drawn from more than 26,000 offset wells with detailed mud programs, bit weight/RPM records, hydraulics, time/depth drilling curves, casing and formation data by depth, and non-productive events, and easy export of data to in-house systems. We can help you:
Avoid downtime and the associated cost impacts
Aggregate, normalize and measure key performance indicators
Track competitors and partners
Analyze key drilling strategies
Manage area-of-interest portfolios
Track company performance improvement programs
Understand previous well-drilling aggregate data to improve AFE to actual spud to rig release drilling costs.
Improve drilling design pre-planning using time-to-depth curve to quickly identify geological challenges.
Non-productive time prediction
Accurately predict routine operational methodologies and potential geological problems to eliminate non-productive events, improving ROP and costs.
Verifying cost and material estimates
Reduce research time on bits, mud and chemical program needs to accurately predict performance at specific depths and improve drilling times and cost.
New play entry
Quickly analyze multiple offset drilling data and performance criteria to estimate drilling costs and materials when entering a new play.
Quickly choose area of interest and identify best drilling design for in-house program analysis and peer-to-peer comparison.