As oil prices continually dip below $60/bbl and margins tighten, E&Ps are facing more pressure than ever to manage costs in order to deliver more shareholder value. After recent second quarter results, even top E&Ps suffered stock plummets upwards of 30%, which analysts have attributed to rising costs of production. The challenge – and the opportunity – is for operators to exercise greater capital discipline by more surgically executing cost-cutting strategies.
Complete the form on the right to download case studies that cover topics such as:
- How cost management correlates with stock performance
- How a lack of market data can lead to overpaying by a 4X factor
- How one operator uncovered $MMs in savings by scrutinizing their rig spend
With the right data insights, E&Ps have an opportunity to stay on the upswing in a down market. For more information on how PowerAdvocate has helped operators drive millions in savings with better data, reach out to email@example.com.