Posted by Marcus Kelly - TouchstoneEnergy
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
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