Press

Automating Daily Drilling Data For Rigorous Cost Management and In-Depth Forecasting


Obtain accurate and auditable real-time data for daily drilling and AFE-related activities

TouchstoneEnergy's Drilling and Daily Cost Tracker application (part of the EnergyFlow Business Process Management solution) allows you to manage operational expenditure effectively on a daily basis. The system provides complete budgetary control, making it possible to optimise resources by tracking daily spend on materials, labour, process and equipment helping to identify any cost overruns before they happen.

Actual cost data, budget, depths drilled and time spent is loaded directly into the system every day, with automated analysis and reporting available in real time. This puts an end to what are typically complicated and inadequate spreadsheet processes, saving time and increasing accuracy.

Web-based and easy to use, the system means rig-based users and office teams can work collaboratively, with synchronised information available to all.

As with all EnergyFlow applications, the software integrates seamlessly with existing accounting and ERP systems and Microsoft Office.

Learn more: http://bit.ly/2jaVhv8 



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