Oil & Gas

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

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

Apache
- USA

BHP
- USA

Cairn
- India
Chesapeake
- USA
Chevron
- Canada
- USA

Devon
- USA

Encana
- Canada
- USA
EP Energy
- USA

F-J

Hess
- USA
Hunt
- Canada
- USA
Husky
- Canada

K-O

Liberty
- USA

Marathon
- USA
MidStates
- USA
Murphy
- Canada
- USA

Newfield
- USA
Nexen
- Canada
- Colombia

P-T

Pioneer
- USA

Reliance
- USA

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

Talisman
- Canada
- USA
Tema
- USA
Total
- Argentina

U-Z

YPF
- Argentina

Discover the power of IHS Markit Rushmore Shale Performance Review SPR

Industry Success Stories

Mack Energy Co. Increases Production and Accelerates Decisions with Rapid Availability of Well Data

As one of the top oil producers in Oklahoma, this company began using an electronic system to make information available to all of its employees. Production data is no longer entered manually so it is available for analysis the next morning and overall production increased because problems are resolved as much as a week sooner.

Learn more about our client’s successes

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

Monroe Energy improves operational efficiency, enables Delta Air Lines’ strategy to cut fuel costs $300MM per year

As a Delta Air Lines subsidiary, this oil refinery reduced the parent company’s jet fuel costs by $300 million per year and increased the efficiency/productivity of its own 40 engineers by up to 2 hours a day – saving about $600K per year. The refinery also strengthened corporate governance by ensuring compliance with safety/environmental standards.

SEE CASE STUDY