Customer Background
Cheyenne Petroleum Company has a 43-year track record of success across North America as an independent oil & gas producer. The company currently operates 92 wells in the Eagle Ford and Pearsall shale formations of South Texas. Cheyenne also holds interest for 37 non-operated wells in West Texas, North Dakota and Mid-Continent states.
Headquarter in Oklahoma City with a field office near Fowlerton, Texas, Cheyenne has a multi-year inventory of locations to drill spanning 15,000 gross acres. Growth is expected to continue through a combination of exploration, acquisition, and joint ventures.
Business Challenge
Because of the diversity of its operation, Cheyenne had multiple reporting requirements for both internal and external stakeholders. The company needed to track both operated and non-operated assets as well as drilling, workovers, and maintenance. It also needed to submit reports to partners and regulatory agencies.
Engineering and technical staff spent hours finding the data they needed and additional time manually generating well production reports. Similarly, generating well work reports, tracking field costs and producing revenue reports for management was time consuming and involved many manual processes. And inefficient access to well information limited the ability of Cheyenne’s field staff to respond quickly to production issues.
A significant amount of time was devoted by staff to regulatory filings which required the assembly of multiple report types, including, battery and well production, tank events, and water usage reports. Cheyenne also needed to share information with multiple non-operating partners, which required staff to manually assemble production reports and email them to partners.
NeoFirma Solution
Key to solving Cheyenne’s business challenge was centralizing E&P data management, automating production and well work reporting, and improving how information was accessed and shared. The company selected NeoFirma’s cloud-based software to achieve these important goals. NeoFirma offered out-of-the-box production data capture, well monitoring and drilling reports that were configured to Cheyenne’s unique business requirements in just a few weeks.
NeoFirma’s solution provides Cheyenne with the essential tools needed to manage its well, operational, and facilities data. This includes oil, gas and water production volumes, tubing and choke pressures, pump strokes, flow tests, and sales runs. The software enables easy data entry and validation, providing a single and persistent source for storing valuable E&P data.
With data management and reporting streamlined as one system, NeoFirma enables Cheyenne to generate a comprehensive suite of production and well work reports on-demand. What’s more, the software provides report scheduling, allowing daily drilling summaries, for example, to be automatically sent to internal or external stakeholders.
NeoFirma’s software is accessible online using any web-enabled device (including tablets and smart phones) and supports unlimited users. These powerful features enable Cheyenne’s staff to access real-time information wherever they are located and gives the company’s working interest partners direct access to key data.
Results & Value
NeoFirma’s production and well work reporting software has become an integral part of Cheyenne’s daily operations. The software is used by 21 employees, including engineers, technicians, field staff, accounting, compliance, and management.
With centralized data management and reporting capabilities, Cheyenne staff are able to quickly generate a wide range of report types. These include well production, battery production, tank events, water disposal, daily drilling summary, and workover reports. And with on-demand access to quality well information, E&P decision-making at the company is faster.
NeoFirma’s software solution has boosted operational efficiency and enabled more effective oversight of Cheyenne’s production operations and well work projects. The software supports several important E&P workflows. Preparing regulatory filings, for example, a process that used to take days, is now accomplished in minutes. Field expense summary and revenue reports are also produced more efficiently.
Cheyenne’s field staff have benefited from improved data access in the field. Using mobile devices, staff working remotely now monitor cumulative daily production charts which enhances their ability to identify production issues or data entry errors.
Cheyenne uses NeoFirma’s cloud-based software to securely share well information with external users, including its land services contractor. And the company spends less time sharing information with joint venture partners by enabling them to access the data and reports they need directly.
