Solomon announces the launch of its bi-annual Bakken Williston Basin Production Operations Performance Analysis (Bakken Study). This shale basin study assesses the operational performance of Bakken Williston Basin operators’ production performance relative to peers, helping clients enhance operations performance and lower costs in the medium- and long-term.
The Bakken continues to deliver competitive, full cycle returns because of its high oil cut, strong well productivity, and mature operational efficiency. Solomon’s Bakken Study provides operators an insightful way to maintain an edge and improve gross margin in this highly competitive space.
The Bakken Study serves as a strong analytical tool for targeting actionable opportunities to improve effective and consistent production delivery, enhance well performance, and optimize costs of production operations.
In addition to a detailed analysis of basin operations, participants receive:
- Measures of average well productivity & employee productivity
- Identification & ranking of reliability issues that result in production losses
- Diagnostics for using cost performance signals by cost category (including water handling, compression, workover & artificial lift)
- An evaluation of the costs of compressor rentals & compressor fuel gas utilization in their shale operations
- An analysis of direct & indirect support costs
The study leverages Solomon’s 30+ years of upstream experience and world’s largest upstream performance database, built from benchmarking more than 4,700 onshore production and processing facilities and almost a million wells in 40+ countries.
Solomon has pioneered normalization methodologies for major cost categories that enhance peer-to-peer asset performance comparisons by leveling the playing field for the scale and complexity of operations.
Participation will enable clients to drive their Bakken operations performance to higher levels of excellence and establish their companies’ competitive position among operators.
The study is open to join!