I have enjoyed a front row seat to the workflows of people actually managing Oil & Gas assets. Often, I see many companies suffer from economic underperformance. Here is my list of Common & Expensive Mistakes.
1. Chasing production volumes instead of revenue.
Comment: You are in the business to make money, not hydrocarbons.
2. Infrequent wellbore reviews delay the scrutiny of problem wells.
Comment: The work required to create the review documents is daunting. But what is the cost of not doing wellbore reviews? Could you use automation as a shortcut?
3. Expecting pumpers to Identify & Respond to problem wells.
Comment: It takes a broad perspective to prudently invest resources.
4. Adding expensive staff instead of cost effective digital processes.
Comment: It’s economics at this point.
5. Drowning in unanalyzed data without a plan or tools.
Comment: Think of your data as the newest resource play, and your perspective changes.
6. Allowing uneconomic wells to hide inside large units.
Comment: Have you ever seen this?
7. Being blind to adverse operating expense trends.
Comment: Imagine if you could rapidly create a visual analysis.
These costly missteps are common but can be addressed with the right tools and mindset. If you’re ready to rethink your workflows and put your data to work, let’s talk about how Avenirre can help you run leaner, smarter, and more profitably.
Larry Brazile 
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