Assess planning, cost, and uptime performance against peers.
In the Permian Basin, improving efficiency in drilling, completions, construction, production operations, and well-delivery planning can have enormous benefits. Identifying which costs areas offer the greatest potential for optimization is not easy, nor is identifying whether field operations are operating at maximum efficiency and uptime. You need objective insight gained from comparative analysis to support your decisions and planning.
Solomon developed the Operational Performance Analysis of the Permian Basin (Permian Basin Study) to help operators identify areas of opportunity in the shale well-delivery cycle from initial pad construction through to well put on line (POL). Well delivery process efficiency is analyzed in addition to the operational and cost performance in drilling, completions, construction, and production operations.
Participants receive a detailed analysis for Permian Basin operations, including measures of well delivery efficiency, average drilling, completions and construction productivity, measures of average well productivity and employee productivity, identification and ranking of reliability issues that result in production losses, and diagnostics for your company using cost performance signals by cost category, including water handling, compression, and artificial lift. You also receive analysis on compressor rent cost evaluation and compressor fuel gas utilization, direct and indirect support costs, and identification of key under-performing areas, enabling your team to focus on appropriate solutions to optimize costs and maximize production.
The study highlights direct planning efficiency, operational efficiency, and cost-reduction opportunities, with many companies capturing large operational cost savings.
Study participants will be able to:
- Identify how leading operators are performing and where their areas of operational strength exist.
- Diagnose areas of operational strength.
- Pinpoint opportunities for improvement.
- Better understand operations performance and drivers of costs.
Learn How You Can Participate
Obtain a clear picture of your competitive position with data-driven, actionable insight. Make informed decisions and justify your strategies and improvement projects.
"If you always do what you always did, you will always get what you always got." ALBERT EINSTEIN
Data Quality, Benchmarking Methodology
A Foundation for Effective Comparative Performance Analysis and Decision Support
We prioritize the integrity and confidentiality of participant-submitted data and rigorously review that data before benchmarking begins. Then, we employ our normalization process and benchmarking methodology to provide valuable and trusted peer group comparisons that deliver meaningful KPIs. Finally, our staff of senior consultants apply their deep industry experience to develop practical insight and recommendations to enable your success.