Solomon’s Tight Oil and Shale Gas Production Operations Study (Unconventional Study) can help you determine which of your operating cost areas offer the greatest potential for reduction and meaningful savings and whether field operations are operating at maximum uptime. Solomon’s Unconventional Study also helps you identify production targets in order to facilitate overall performance improvement. We assess your cost and uptime performance against peers in each shale basin or play (Bakken, Eagle Ford, Marcellus, Vaca Muerta, and Permian) and compare unit operating costs by operator to benchmark performance and help you identify opportunities for improvement.
Why Choose Solomon's Unconventional Study?
Only Solomon has identified categories of key controllable costs to help you focus on difficult operational challenges. Such key controllable costs include subsurface and surface maintenance, water handling, gathering, and energy use. We pinpoint excessive expenses and identify the savings potential for each important cost category for each shale basin.
Our uptime and reliability analysis examines daily production and identifies valuable lost production opportunities. We assess your shale production for frequency and impact of production downtime incidents, production and dollars lost to downtime, and the ratio of frequency and duration of incidents (uptime reliability). Our cost driver analysis comprehensively assesses artificial lift, compression, gathering, energy, labor, water handling, and well productivity.
How It Works
Solomon’s Unconventional Study highlights quick and direct cost reduction opportunities as well as larger-scale operational cost savings. The study provides:
- A detailed analysis for each shale basin in which your company operates (separate study)
- Basin-level diagnostics using cost performance signals by cost category, including water handling, compression, gathering, and more
- Our unique uptime analysis, which addresses reliability issues and the potential to increase production
- An evaluation of severance and ad valorem taxes by basin
- An evaluation of gas used for compression in shale operations
- Identification of key underperforming areas, enabling your team to focus on appropriate solutions to optimize costs and maximize production
Solomon studies help you find answers to the critical questions key to your business success:
- What is my current baseline of operating expense (OpEx) and performance for on-stream assets?
- How does my facility compare across the range of performance in the industry?
- How does my facility utilization compare with that of others?
- Are my operating expenses comparable to those of companies with similar operations?
- Do my facilities deliver a competitive OpEx, taking into account their utilization and complexity?