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Often the first instinct, when faced with market uncertainties such as those we are currently facing, is for producers to confront the one thing they have the most control over, which is costs. And while lowering operating costs is an important part of the process, the truth is that the amount that a producer can save in cutting costs is not enough to sustain profitability on its own. It is crucial that operational savings be combined with increased production from existing wells.
You will be interested in this webinar if you would like a checklist of 17 opportunities you might consider to improve the health and profitability of your company, whether in a downturn or not.
Randy Freeborn is an expert in empirical forecasting, type wells and related technology. He is a thought leader at Aucerna, inventing technology and assisting clients. A 45-year professional engineer, he is a former SPE Distinguished Lecturer and is working with SPEE’s newest Monograph on type wells. Freeborn has prepared numerous technical papers for presentation at conferences, workshops and industry meetings and has been a guest lecturer at the University of Houston and Texas A&M.
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