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Posted on October 11th, 2017 - Posted in Big Data | IoT
Looking to Grow? Turn to Cloud-Based Software
Why are cloud-based solutions like Wellsite Report so great?
Information Age addressed this question, saying: “The cost-of-entry to the cloud is very low and typically based on pay-as-you-go, with charges directly relating to specific compute and storage requirements. Oil and Gas companies, especially smaller independents and service companies, can benefit from access to sophisticated, scalable and secure IT infrastructure for very little outlay, as well as transparent operational monthly costs and less overall impact on the balance sheet.”
If you need help with project management, incident management, or want a better way to manage your digital forms, check out Wellsite Report! You will be glad you did!
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 […]
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