Inspiration for Change
INCREASING DRILLING ACTIVITY
Primexx maintains three active rigs in the Permian Basin, which are primarily engaged in horizontal drilling at depths up to 21,000 feet. The E&P wanted to optimize rig utilization and improve the way it managed drilling and completion projects.
AFE AND FIELD COSTS
With its sustained drilling activity, Primexx needed to expedite the partner AFE process, compare ongoing field expenses to budgets, and track recurring costs from rentals and consumables.
DAILY DRILLING REPORTS
Primexx staff spent hours each day collating data, formatting reports, and distributing to partners. The company wanted a faster method for preparing professional drilling reports.
DISPRATE E&P SYSTEMS
Drilling and production operations teams used separate software tools, which created barriers to data and productivity. A unified solution was needed to track production and well work, such as workovers and repairs.
Benefits for Drilling & Well Work
MANAGING OPERATIONAL COMPLEXITY
Primexx uses NeoFirma’s cloud-based drilling and well work software to manage its complex drilling operations and track critical project, well, and rig data.
OPTIMIZING FIELD SPENDING
The NeoFirma solution allows Primexx to easily setup AFEs and automatically route for approval. The software gives field staff powerful tools for tracking expenses, comparing costs to approved AFEs, identifying overpayment and eliminating unnecessary costs.
CREATING & SHARING REPORTS IN MINUTES
NeoFirma effectively reduced the time needed to create daily drilling reports from hours to minutes, resulting in an estimated 80% timesaving compared to traditional software. Field staff can easily record key data then instantly share drilling reports with internal teams and partners.
INTEGRATED SOFTWARE SOLUTION
NeoFirma provided a complete solution to manage both drilling and production operations, reducing redundancy and improving productivity in the field and back office.
