For most of my career, growth meant one thing: drill more wells. Production was the scoreboard, and volumes produced was how you kept score.
The lowest cost reserves additions you’ll find this year may be hiding in plain sight. They’re in your operations and hidden in downtime, inefficient lift systems, and disconnected data systems. All without exploration risk. Efficiency is the new exploration.
But here’s what we often overlooked: the financial upside sitting in our own operations. Advanced analytics and automation can unlock value from lower lifting costs, incremental production, and extended asset life. All without exploration risk.
The economics are compelling. Every additional barrel from an existing well bypasses the upfront capital, permitting headaches, and geological uncertainty of new drilling. Reduce downtime, optimize artificial lift, integrating production and expense data will create results that flow straight to your bottom line.
In a volatile price environment, the winners won’t be the ones who drill the most. They’ll be the ones who treat efficiency as a strategic growth engine, not just a cost-cutting exercise.
In short: Efficiency first, drilling second. The tool of choice has shifted from the drill bit to the database, from the field to the system.
Lower risk, higher returns. You’re already sitting on the infrastructure. Now make it work harder.
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