Frac Your Data, Unlock Cost Savings

With strip prices at historic lows, most basins across the US remain uneconomic to drill.  And many producers are suddenly finding that producing assets with high operating costs, such as stripper wells, are uneconomic to operate.  With DUC counts rising and wells shutting in, your biggest lever to increase cash flow is cost efficiency.  But…

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Frac Your Data, Produce Free Cash Flow

Given the current market environment, it goes without saying that improving free cash flow is an imperative across the oil & gas industry.  Drastic times call for drastic cost cutting measures, but with capital discipline and operational efficiency already top of mind, how can producers drive down OpEx even lower?  The answer to this question…

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Putting a Value on AP Automation

Origo offers operating companies a single solution for invoice capture, coding, workflow automation, and reporting that transforms AP cycle times from weeks to days. This provides unprecedented cost oversight of actual expenses and budgets, delivering an accurate view of the AP pipeline that powers more informed decisions across the E&P organization. Importantly, with better visibility…

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The Power of AP Business Process Workflow

Depending on the financial controls and size of an E&P company, there might be one approver or multiple approvers involved in AP invoicing, a process that is still heavily dependent on interoffice document shuffling.  And expenses may need to be approved by a manager if a certain limit is exceeded or even require controller sign-off.…

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Oil & Gas Accounts Payable Digital Transformation

A recent IOFM surveys suggests that 63% of financial professionals still cite paper-based processes and manual data entry as the top challenges to efficient operations. As the digital oilfield slowly evolves toward a completely digital invoicing ecosystem, operators continue to be flooded with physical invoices. And the fact is, the digital oilfield may never go…

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Inbound Expense Accrual: A Moving Target

Despite digital oilfield advances, the oil & gas business still runs on paper. This is especially apparent in field operations where the bulk of purchasing transactions take place, including services for drilling contractors, hydraulic fracturing, pumpers, equipment repair, and workovers. There are also a wide variety of tangible costs incurred, such as drilling mud, casing…

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