Five Ways Leaders Can Reduce Their Operating Expenses
Your firm has experienced a few good months recently. Maybe you’ve successfully acquired additional wells, finally have a smooth land administration process or efficient transportation strategies. Yet – when viewing your most recent quarterly reports, you notice the margins appear tighter than forecasted – thanks to inadequate controls on your operating expenses. This article provides actionable […]
How to Leverage Technology to Cut Costs & Achieve Growth
In this article, we’ll focus on four proven technology approaches that can benefit your upstream and midstream oil and gas company. These approaches will address your current struggles, position your company to scale, and streamline your operations to weather the next time the business cycle points downward. 1. Digitize Your Back Office and Field Operations […]
6 Essential Elements of a Business Risk Assessment
As the adage goes, “An ounce of prevention is worth a pound of cure.” Unfortunately, far too many people fail to embrace this truth and never prepare for the unknown. We’ve discovered 6 essential elements for conducting a business risk assessment that protects your company. Being prepared will always give your business the upper hand […]
Leveraging Technology to Cut Costs & Concerns
The energy industry is very cyclical and, while companies should take advantage of economic ups and market changes that give them an edge, it is imperative to keep in mind that a downturn will follow. It is easy to focus on growth without having a Plan B, which causes concern as companies depend heavily on […]
How Covid-19 Changed the Oil & Gas Industry
If you visited Midland, TX today, it would look like the pandemic never happened. People are returning to their usual activities, and oil and gas (O&G) companies are back up and running. The industry has even started holding in-person events again. We’re a far cry from Spring 2020, when the world came to a screeching […]