Staying Ahead of the Oil Market Rebound:
Data-Driven Cost Management Strategies
Oil prices have increased 140% since mid-April lows, and are expected to rise an additional 20%, prompting operators to evaluate how increasing activity levels will impact drilling and operating costs in the coming months. The enclosed report addresses key data strategies we've seen operators use to capture pricing relief year-to-date while strengthening business resilience in the face of global market risk, namely:
- Validating supplier price concessions to capture true market savings
- Developing data-backed contracting strategies for key CapEx/OpEx categories
- Forecasting well AFEs to measure & plan for capital cost exposure
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