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  • Current scheduling and management methods have known inefficiencies. The tools available to account for well construction in forecast modeling consume too much time to be updated as frequently as needed, leaving little time to make strategic adjustments to development plans.
  • Recent advances in pad drilling and completion techniques have introduced the need to incorporate well construction schedule into production forecast modeling.
  • Operational schedules are often managed by individuals or departments with no integration between groups. This structure defines poor communication and directly hinders operations that effect the bottom line.
  • Variations in well timing, costs, and production have led to unpleasant variances from forecasts.
  • Effects of schedule changes on services and materials are not visible throughout the organization leading to supply bottlenecks or inefficient utilization.

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