The application of digital technologies within organizations (a.k.a., digital transformation) has been a topic of interest for many in recent years. The potential benefits of these efforts are quite alluring: Create an empowered, data-driven culture that drives innovation Be proactive rather than reactive, managing by exception Create more rapid and agile operations Reduce operational expenses...Read More

In the upstream oil and gas industry, drilling and completing a well is a multi-million dollar undertaking. To reduce risk, operators typically share ownership in wells with other parties—called non-operating working interest partners—to jointly split the expenses and the production (ultimately revenue) that comes from the hydrocarbons over the life of the well. Multiple data...Read More

With the drop in oil prices, many of our oil and gas clients are understandably reexamining their capital budgets for 2015. While establishing the capital budget defines the plan for the year, individual drilling projects must still be budgeted, reviewed and approved internally throughout the year as the annual plan is executed. Authorization for expenditure...Read More

Why do I have all this stuff? As I looked around my garage last weekend in search of an appropriate tool to tackle a “small” plumbing repair, I found myself sorting through a number of tools (and other junk) that seem to do generally the same thing. I had to ask myself, “Why do I...Read More