New conventions for unconventional oil and gas series: Optimizing the play to improve returns

Taking best practices from the manufacturing industry, this publication considers in detail how companies can balance internal supply and demand to assure that the right resources are in the right place at the right time. When they are, oil and gas businesses can reduce their costs by 20 percent or more by becoming more strategic in their sourcing and more efficient in their deployment of labor and equipment.

When operations and financial planning are firing on all pistons, oil and gas companies can then pursue their “efficient frontiers”—creating an investment portfolio with the best returns by using a systematic, bird’s-eye-view of the information needed to decide which projects fit, which don’t and why.

Finally, we look at how technology lubricates the process by providing a common, centralised view of information and forecasts.