Management Archives • Wellsite Report

Posted on October 17th, 2023 Posted in Equipment | Management | Oil and Gas | Project Management

Mitigate the downsides of higher interest rates

First, the good news. Since the height of the pandemic in 2020, exploration and production companies (E&Ps) have reduced their net debt from a high of $316.74 billion to $178.66 billion at the end of 2022. According to CreditSights senior analyst Charles Johnston, most independent E&Ps refinanced and now pay less than the double-digit interest […]

Posted on August 11th, 2023 Posted in Management | Oil and Gas | Project Management | Reporting | Service Quality

Gain a competitive advantage over other service companies

Although oil and gas producers are trying to get more out of existing wells than from drilling new ones, 2023 is on pace to be a record year for domestic oil and gas production. In this period of reduced exploration but peak output, wireline service companies and fracking service companies could greatly benefit from using […]

Posted on June 19th, 2023 Posted in Management | Oil and Gas | Project Management | Reporting | Service Quality

Take job management to a higher level

Oil exploration is expensive, and not without its risks, but it can be quite lucrative for a production company when a substantial reserve is identified. However, many oil fields are in remote, hard-to-reach locations. Before upstream activities like drilling and extraction can take place, a service company is contracted to construct one or more roads […]

Posted on October 19th, 2021 Posted in HSE | Management | Oil and Gas | Safety

California Screaming

In a previous blog, we discussed pipeline safety and the main causes of pipeline leaks. While it did cite some statistics about spill incidents affecting U.S. waterways, the article focused more on leaks occurring at overland pipelines. Today’s focus is on offshore spills, specifically along the southern California coastline. What we know so far […]

Release Notes – 2.7.1

Big Change: Equipment to Files Our Equipment module has migrated to the brand new WSR Files Keep all the functionality of Equipment now in a more versatile module Files can be used for anything! Use it for inventory, equipment, personnel and more Keep everything organized and updated with our field associations Observation reports now […]

Posted on August 17th, 2021 Posted in Equipment | HSE | Management | Oil and Gas | Tips and Tricks

And then there were none?

Did your inventory magically disappear? Or, perhaps the equipment that was due last week is still not in the field? Vinodkumar Raghothamarao, Director of IHS Markit EMEA states, “Oil and gas companies need to focus…on the non-hydrocarbon supply chains that handle the parts, materials and services required to run the business. The non-hydrocarbon supply chain […]

Posted on July 20th, 2021 Posted in HSE | Management | Oil and Gas | OSHA | Safety

Pipeline safety news

With rig counts and drilling permits on the rise, pipeline construction and expansion isn’t far behind. According to the Bureau of Transportation Statistics (BTS.gov), the mileage of natural gas pipelines has grown from 1,377,320 miles in 2000 to 1,645,101 miles in 2020, a 16% increase. Likewise, miles of oil pipelines have increased from 158,248 in […]

Posted on July 6th, 2021 Posted in Management | Oil and Gas | OSHA | Tips and Tricks

Make sure wellsite developments go well

With the prices of oil and natural gas increasing over the past year (up $34.62 and up $1.621, respectively, per the EIA), so are the number of new well sites. The U.S. rig count has increased by 182 rigs over the last 12 months per Baker Hughes. Additionally, the Railroad Commission of Texas issued 732 […]

Posted on June 8th, 2021 Posted in Management | Project Management | Software Update

Release Notes – 2.7.0

Latest addition: Managed Operators Manage your list of approved operators company-wide. Add, update or remove any time Working on a project? with Manage Operators all employees select from the pre-approved list Find Operators within WSR’s system and outside Quickly search projects by selected operator(s) Also, maintain project consistency throughout the app New Incident subcategory […]

Posted on October 7th, 2020 Posted in Management | Project Management | Software Update

Release Notes – 2.6.8

Newest in Custom Forms Mathematical Expressions Similar to Excel’s math formula options, the new field type calculates the value you’re looking for Apply them on any Forms, Equipment or within fieldsets Select any and multiple numeric value fields on the Form to use in the formula How does it work? First, get in touch with […]

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