How did minimizing lost revenue create a high ROI for an oil and gas producer? They chose Field Safe to digitize the collection and submission of field data. They are now “operating by priority.” By using the data they are now easily gathering from the field, they are better prioritizing site visits and maintenance for those sites with the greatest impact on revenue if they aren’t operating at high efficiency.
Minimizing Lost Revenue, Reduced Operating Costs
Our client minimized lost revenue across 450 well-sites. This led to a decrease in operating costs of $4.5 million, and an increase in net revenues of $40 million.