Putting a Value on Your E&P Software | W Energy Software

▤ Summary

Just as a well isn’t complete without metering, E&P companies should get a good reading on the business value their production reporting software delivers. Oil and gas production tracking software has many benefits, including a clearer view of assets and improved operational efficiency. Reduced costs, lowered risks, improved cycle times, and increased revenue opportunities are other business benefits. Assuming an hourly rate of $40 for the employee, the company realized an average of $2,400 per month from improved data handling efficiency. The E&P company in these examples realized a $9,133 monthly cost savings due to the operational efficiency provided by its production tracking software.

▦ Linked Companies

W Energy

$10M to $25M