Press

TouchstoneEnergy's Drilling & Daily Cost Tracker Tool is a Major Step Forward in Well Cost and Equipment Tracking for Upstream Exploration and Production Companies


EnergyFlow Drilling and Daily Cost Tracker: Accurate and auditable real-time data for daily drilling and AFE-related activities

TouchstoneEnergy's Drilling and Daily Cost Tracker application 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.

The software integrates seamlessly with existing finance and ERP systems such as SAP, Oracle and Infor, as well as Microsoft Office.

Learn more about how this tool could benefit your E&P company today


Visit source site

https://touchstoneenergy.co.uk/software/daily-dril...

upstreamupstream industryUpstream oil and gasUpstream Production Solutions2018 Drilling PredictionsDrilling Activitydrilling optimizationTouchstoneLondonHoustonE&P Software

More items from marcuskelly


Solving the Complexity of Joint Venture Accounting Within the Upstream Oil & Gas Sector

Joint Venture accounting within the Upstream Oil & Gas sector often overwhelms the existing core finance function. TouchstoneEnergy has developed a sector-specific application which allows Oil and Gas companies to optimise, monitor and better control their Joint Venture processes.  The Joint Vent ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > Touchstonejoint ventureJoint Operating Agreement +6

HMRCs Making Tax Digital and the Oil & Gas Industry

Making Tax Digital, the Government initiative to digitise and streamline tax reporting processes comes into effect from April 2019. The key benefits for businesses include improved visibility over their tax situation and easier access to tax information online; enabling businesses to plan and bud ...

Marcus Kelly - TouchstoneEnergy


Posted 1 month agoPress > TouchstoneTaxdigital +8

Oil and Gas Companies Are Spending Too Much Time and Money on Their AFE Processes

So how do we go about streamlining the AFE workflow and approval process? Most companies' AFE processes are costing them time and money because they rely on manual processes that can move only as fast as the slowest employee. To illustrate the real costs of this manual process, let's take a loo ...

Marcus Kelly - TouchstoneEnergy


Posted 2 months agoOpinion > Business ProcessexpenditureDevelopment Capital Expenditure +3

TouchstoneEnergy Launches Easy-to-Use Web-Based Solution for Joint Venture Accounting Automation

TouchstoneEnergy's Joint Venture accounting module automates joint venture cost allocations, streamlining approval and billing workflows. It makes cost recovery a quick and easy process giving both internal stakeholders and JV partners confidence that the figures presented are accurate. EnergyFlow ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > joint ventureoil and gas accountingTouchstone +5

TouchstoneEnergy Announces Local Nigerian Partner: SoftPlugs Limited

TouchstoneEnergy today announces a new and strategic partnership with SofPlugs Limited, a leading Oil & Gas technology consultancy based in Lagos, Nigeria. This partnership further strengthens TouchstoneEnergy's commitment to the African market, and also provides a platform for offering local impl ...

Marcus Kelly - TouchstoneEnergy


Posted 3 months agoPress > TouchstoneUpstream oil and gasdownstream +7
All posts from marcuskelly