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Oil & Gas Upstream

IHS Markit Rushmore Shale Performance Review (SPR)

Plan and budget for shale wells in new areas.

Why do operators participate in the SPR?

In February 2012, a group of operators assembled in Houston and arranged to share offset data on their shale wells. They developed a data set covering drilling, completion and hydraulic fracturing, also known as "frac'ing," containing the key technical, time and cost data that they would find most useful. The scope of the review soon expanded to encompass all multistage frac'ing of horizontal development wells irrespective of the reservoir type.

Join the SPR today to:
  • Access data from more than 25 operators for over 13,000 wells in 8 countries
  • Get industry data and competitor intelligence
  • Obtain highly useful technical, time and cost data
  • Decide which data to share, the rules for sharing, yearly changes needed and how additional value can be gained
Learn more about IHS Markit Rushmore Shale Performance Review (SPR)
Get Started

Benefits of participating in the SPR

  • Establish your competitive performance - It is nice to know you are doing better than last year, but the real bottom-line measure is how you are performing in relation to your competitors.
  • Provide a driver for improvement - If you can show that others are doing it faster or less expensively, you can use this fact to accelerate improvement.
  • Discover what the best-in-class operators do differently - While the data will not tell you precisely how they deliver superior performance, it will provide clues and indicators that you can build upon.
  • Plan and budget for wells in new areas - Access technical, time and cost data for more than 13,000 multi-stage fractured wells in 8 countries. Use this data to evaluate the viability of future prospects.
  • *New* Production data add-on - Oil, Water and Gas production data is now available for both U.S. Land Lower 48 and Canada Land wells completed from January 2015 onwards. This additional service allows participants to analyze the effectiveness of frac'ing techniques in relation to production.

Getting started

How to participate?
  • An operator contracts to participate in at least one country for at least one year.
  • The operator provides data on all wells it drills that year in each country in which it is participating.
  • The data is independently quality checked and published on the website.
  • An operator may also participate retrospectively.
  • If an operator provides all of its wells, the operator receives access to data in all countries, even if it does not drill there.
Data coverage
  • Approximately 95 data fields covering drilling, completion and frac'ing data including:
  • Well identification, location and formation detail
  • Total footage drilled, measured total depth, lateral length and kick-off point
  • Hole size, mud type and casing details
  • Rig section times and drilling method
  • Frac'ing method, number of stages, treated length and time on pad
  • Proppant, fluid and treating pressure details
  • Drilling and completion/frac'ing costs and NPT
Data entry and automated data entry import
  • Excel workbook input
  • Workbook emailed to Rushmore for QC
  • Rushmore automated and manual QC checks
  • Queries on data between participant and Rushmore
  • Data published
  • Data extraction service - Rushmore can provide a data extraction service for participants. This removes the burden of data reporting for the operators, allowing them to focus on the end product - the SPR Database. For more information on data extraction, please contact our sales team.
  • Data extraction import tools - Access several reporting application vendors who provide data extraction import tools for the SPR.
Access to benchmarking tools
  • SPR key performance indicator metrics - Includes drilling and completion/frac'ing performance metrics
  • SPR charts - Histograms, cross plots, box charts and several other charting options allow for various performance phase benchmarking. Customize your charts using time, depths, costs, lengths or other metrics
  • REDD (Rushmore Estimated Drilling Days) – is a P50 estimate of the number of days an ‘average’ Operator would take to drill a well from Spud to Rig Release, including NPT and WOW, for a given ‘Country’ and ‘Formation'
  • RDI (Rushmore Drilling Index) – is a measure of difficulty of drilling a well which can be used for normalisation purposes for a given ‘Country’ and ‘Basin’
  • RCI (Rushmore Completion Index) - is a measure of difficulty of completing a well which can be used for normalization purposes for a given ‘Formation
  • RECD (Rushmore Estimated Completion Days) - is a P50 estimate of the average number of days an Operator would have a Frac Crew on location, including NPT and WOW for a given ‘Formation’

The Participants

Feel free to browse the range of operators and the regions covered.
A-E

A

  • Apache
    • USA

B

  • BHP 
    • USA

C

  • Cairn
    • India
  • Chesapeake
    • USA
  • Chevron
    • Canada
    • USA

D

  • Devon 
    • USA

E

  • Encana
    • Canada
    • USA
  • EP Energy
    • USA
F-J

H

  • Hess
    • USA
  • Hunt
    • Canada
    • USA
  • Husky
    • Canada
K-O

L

  • Liberty
    • USA

M

  • Marathon 
    • USA
  • MidStates
    • USA
  • Murphy 
    • Canada
    • USA

N

  • Newfield
    • USA
  • Nexen
    • Canada
    • Colombia
P-T

P

  • Pioneer
    • USA

R

  • Reliance
    • USA

S

  • Samson Resources
    • USA
  • Santos
    • Australia
  • Shell
    • Argentina
    • Canada
    • Jordan
    • New Zealand
    • USA
  • Statoil
    • Australia
    • USA
  • Suncor
    • Canada
  • Swift
    • USA

T

  • Talisman
    • Canada
    • USA
  • Tema
    • USA
  • Total
    • Argentina
U-Z

Y

  • YPF
    • Argentina

Discover the power of IHS Markit Rushmore Shale Performance Review SPR

Industry Success Stories

Oil & Gas Industry Leader Discovers Huge Cost-Savings Opportunities with Standards Conformity assessment

To lower costs enterprise-wide, a global energy company asked IHS to review 35 internal standards and list 143 comparable international standards. Research uncovered conformity opportunities including 25% savings on casing and tubing for $5 million annually and $180 million annually for conformance with ALL industry standards.

Learn More About Our Customer's Success

RWE Dea AG Relies on Consistent, Global Platform for Concept Screening/Optimization and Cost Control

To gain an advantage in highly competitive energy markets, this industry leader leverages rapid, accurate analysis of global oil and gas projects -- from exploration to concept selection and field plan development -- that save time and deliver insights by comparing cost scenarios and production profiles.

Learn more about our client’s successes

Bill Barrett Corporation Spends More Time Analyzing, Less Time Searching, to Gain Investment Insights

While seeking oil and gas development opportunities in the Rocky Mountains region, this Denver-based company has increased workflow efficiency by using a new platform that displays research based on users' preferences, delivers hours of time-savings each week and enables greater focus on high-level analysis.

Learn more about our client's successes

Events

Rushmore Reviews Annual Meeting 2022

09 November 2022 | Global Join us on November 9th as we discuss Rushmore Reviews
Learn more

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