Streamlining AFE processes eliminates duplicate work and helps trim costs for upstream oil and gas companies When we think about AFE management, we break it into two parts: effectively managing the workflow and approval process and cost control throughout the project. Today, let's address the workflow and approval...
Blog
6 Ways to Adapt Quickly to Low Oil & Gas Prices
03/23/2015
Lowering operating expenses is a quick ticket to free cash flow for upstream firms This is the first in a series of six blog posts that covers the six key ways for upstream oil and gas companies to adapt to today’s low-price environment. This post addresses the topic...
How to Make Oil & Gas Data Work Harder for You
03/12/2015
Combining proprietary, competitor, and infrastructure data is today’s best practice for land professionals A picture is worth a thousand words . Nothing new there … we’ve all heard that saying at least a thousand times. But talk to any landman or GIS professional today and they’ll quickly tell...
How to Save $324,000 on Your Run-Ticket Program
03/09/2015
The key for upstream oil and gas companies is to focus on streamlined processes and industry best practices Mention the words “run tickets” to a production or revenue accountant and, well, I’d be willing to bet you won’t have him or her doing cartwheels. That’s because the oil...
Lean Oil & Gas Operations: P2 Announces Slate of Best-Practice Webinars
02/26/2015
Registration information for first five webinars below. P2 Energy Solutions is excited to announce that it will host several webinars containing strategies and best practices for navigating today’s challenging upstream oil and gas environment. Think of these webinars as helpful how-to’s – how to reduce operating costs, increase...
Why Integration Will Be Key for Oil & Gas Operators in 2015 and Beyond
02/16/2015
'Business as usual' won't cut it in today's low-price environment At the recent IPAA Private Capital Conference in Houston, the unease in the room given current oilfield economics was palpable. On one side, you had upstream oil and gas investors whose portfolio values have taken major hits in...
Slumping Oil Prices Have Met a Worthy Opponent
12/15/2014
Integrating enterprise workflows is “the step that companies now need to take” First, the good news: At a recent oil and gas conference in Stockholm, the International Energy Agency’s chief economist, Fatih Birol, said he expects the days of $100 oil to return soon. “We shouldn’t be blinded...
The Power to Change?
12/08/2014
Two weeks ago saw the 166th meeting of OPEC in Vienna, which provided some heated discussions in regard to oil production and the crude price. Various countries are suffering from lower tax revenues and investments dropping off because the crude price has dropped – and the situation does...
The Good, the Bad and...
11/03/2014
The expression (often reported to be a Chinese curse, but unproven!) goes “May you live in interesting times,” and 2014 could well go down in the history books as one such “interesting” year. We have had the political issues in Ukraine and Scotland, the rise of Islamic State...
Health, Safety and Culture
10/02/2014
I attended a conference in Maputo this month on Health, Safety, the Environment and Cultural Awareness where different presentations were given in relation to the oil industry in Africa. This happened against the backdrop of the Scottish independence vote and there were some interesting parallels that could be...
