Inspiration for Change
Lag Time between Field and Corporate Offices
Field production data was captured manually, relayed by phone or email, and staff would have to manually record data multiple times in order to create reports needed by management and outside stakeholders. Staff often experienced lag times of 1-3 days to be able to access field data.
Data Standards and Quality
Manti previously used an in-house developed system for production tracking. The system was inflexible and required extensive IT support to maintain. Further, the system was only available for use while in company headquarters. Often, information was lost and not always properly backed up.
Non-Operated Well Data Redundancy
Data on non-operated properties would arrive in different formats and wouldn’t fit into the internal database, causing non-operated data to be handled several times as well, and presented to management in a different format.
Benefits for Production & Operations
ABILITY TO RESPOND QUICKER
With NeoFirma, the company reduced response time by almost 24 hours in several instances where operations personnel spotted production issues sooner. Executives now have on-demand access to daily, weekly and monthly production. Well logs, lease details and other well-centric information is also available online, anytime for reference in the office and field–wherever required.
ACCURACY, EFFICIENCY AND SECURITY
NeoFirma significantly reduced data management time delay and quality issues. Information is now entered once in the field or office and available everywhere. All of the company’s historical well information is secure from loss, theft or damage.
EXECUTIVE, STAKEHOLDER & INVESTOR MANAGEMENT
NeoFirma eliminates the overhead required to create custom looking reports for partners. Executives and stakeholders now access information, with stakeholder/investor information segregated by assets where they have an interest.