The Cost of Getting Lost

By July 4, 2016Uncategorized

If you’re reading this, you’re one of the chosen few still playing the game. We didn’t choose this economy, but we know how to make things work in tough times.

We can’t change commodity prices (as much as we’d like to), we’ve got to make do with what we’ve got – but what if we could do more every day? What if vendors, field personnel and consultants  never got lost and everyone showed up in the right place at the right time? What if giving directions was as simple as tapping someone’s name on your phone?

It IS that simple. And we’ve taken it a step further – we can prove you’ll save money using OPP to find locations in the field. First, we started by talking to some industry experts – VPs and Presidents at operating companies, service companies, and consulting firms – we asked them to open their books and tell us how much time they were spending lost looking for a location, tracking down or waiting on directions, or inefficiently navigating the field.

2 wells per month drilled
20 field employees
50% veteran personnel
$725 cost of investment

$49,950 potential annual productivity gain

Operating companies said this amounted to about 8-15 hours per person, per month – or about 15-30 minutes per day – easily attainable if you’re working new wells every day. For vendors, it was about twice that, or half an hour to 1 hour a day.
We all know that you’re better at this if you’ve been around a while, so those “veteran” personnel will get lost less than a green hand – so we chose to assume about a 50% “green” vs “veteran” ratio in the field.
Rig standby time is a huge hidden cost, as well – so we assumed that at least an hour of rig standby time would occur each month, and be unaccounted for – a few minutes here or there slips by unnoticed, and rigs can cost thousands per hour – here we assumed about $1500/hr.
 Let’s say things are slow and we’re only drilling 2 wells per month, with 5 field employees from the operating company and 15 vendor personnel. With an initial investment of under $800 for Oil Patch Pro’s software, we are able to provide $49,950 in increased productivity and cost savings. If we can save a company this much drilling 2 wells per month, imagine the savings we can bring to a large company! Our ROI calculator can determine the exact amount – reach out to us at info@oilpatchpro.com to try it out! Over 2,000 people have used Oil Patch Pro – what’s stopping you? Try it for free on the App Store and Google Play.