Why use a tech when an expert is cheaper?

phase diagramThis post is brought to you by one of our information partners, Proven Reserves Exploitation Ltd.

Operators are keen to have their own disposal facilities to reduce the third party waste disposal costs.

An operator wanted to dispose of fluids but his application was refused after six months of deliberation. He submitted his application through an application service but his application was refused. And then he used the same application service to resubmit the proposal and still didn't get what he wanted.

If his service had told him to do just one thing before he drilled this expensive disposal well, he would have had no problem with the approval.

Need a disposal well?
?subject=Help me drill a disposal well&body=Please help me make sure my new disposal well will be approved. Help me decide before I drill it.%0D%0A%0D%0AMy Name:__________ %0D%0AMy Phone Number:__________ %0D%0A%0D%0A(Or call Proven Sales at 403-803-2500.)">Contact Proven before you drill it.

Are you hiring a tech to submit AER applications?

Most services submit applications using techs or young engineers with only a few years experience. And their approval rate shows it.

Application submission services managed to have the AER close 28% of their applications over the last two years. That translates into a loss of almost $1.2 billion in oil field value.

If each application cost on average fifteen thousand dollars, that's $35 million in application fees flushed down the deep disposal well.

Application services wasted
$35 MM -- $1.2 B
because of their closed
applications
2,352applications refused from all services
15average preparation cost($k)
35.3wasted preparation cost($MM)
2,352applications refused from all services
500unlocked value from an application($k)
1.2lost oil field value due to refused applications($B)
0Proven Reserve applications refused

Closure ratio for application services is much worse than the closure rate by operators. The industry average closure ratio for the same period of time is only 13% rather than 28%. This only includes applications submitted by operators, and doesn't include applications submitted by application services.

Who is a real expert at submitting applications? For starters, check out those who have few (if any) applications closed.

Proven Reserves had no applications refused by the regulator during the same time period.

Proven now has a service that is highly effective in getting your application approved. And it's cheaper than other application services. Our service is called Advise and Audit. For a small fee, we'll show you how to submit your application. We'll even give you some similar applications that were recently refused by the regulator so you can see what they won't accept.

With Advise and Audit, you get all Proven's experience for your application but at a very reasonable cost.

Would you like to know the closure ratio of your application service? See our report Application Services and their application closure ratio. Order the report now from AppIntel.

Want to know the services with the worst closure ratio?
?subject=Application Services and their application closure ratio&body=Please send me your report Application Services and their application closure ratio. %0D%0A%0D%0AOnly $100 +GST %0D%0A%0D%0A I want to pay by: %0D%0A[ ]Visa %0D%0A[ ]MasterCard %0D%0A[ ]Cash %0D%0A[ ]Company Cheque%0D%0A%0D%0AMy Name: %0D%0AMy Phone Number: %0D%0A%0D%0AWe aim to answer email orders within two hours. %0D%0A(If your inquiry is of a more urgent nature then please do not hesitate to call us at 403-803-2500.)">Get the report now

Subscribers can view this application by pasting the following link into their browser after logging into AppIntel. http://app.appintel.info/AOW.php?pxnrg=41616n383536313439313o4x6s

?subject=Send%20me%20this%20application&body=Please send me the application behind Why use a tech when an expert is cheaper? %0D%0A%0D%0ACheck pricing for this application. See https://www1.appintel.info/order-application-on-demand%0D%0A%0D%0A I want to pay by:%0D%0A[ ]Visa%0D%0A[ ]MasterCard%0D%0A[ ]Cash%0D%0A[ ]Company Cheque%0D%0A%0D%0AMy Name:%0D%0AMy Phone Number:%0D%0A%0D%0AWe aim to answer email orders within two hours.%0D%0A(If your inquiry is of a more urgent nature then please do not hesitate to call us at 403-803-2500.)" class="orderButton"> Or get this application now

Tags: Disposal, AER application, Closure, Compliance

  28 Jul 2016



Enough gas to supply the world for 500 years

Riding motorbikes past 2500 AD

Fracking very rarely induces earthquakes

The few tremors fracking has induced are minor

Life after SAGD

Replacing steam with methane

LLM more trendy than LNG?

Large Language Model for oil and gas

AppIntel: Work smarter, not harder

Those that can't see the value of a car should walk

Early solvent in heavy oil experiment

Partially upgrade bitumen in-situ

Rejected? You are not alone.

Facility amendments can be frustrating

Forgot to take care of that flood?

Schedule these 12 activities every year.

Case studies in AppIntel

Every blog post has one.

N/S E/W Does it matter which way you drill horizontal wells?

Is there science to drilling azimuth?

Tuning up your flood adds production

Cheapest reserves adds come from tune ups

Will AI take your job?

4 jobs that AI is poised to take

Submit seismic for downspacing?

Rarely a good idea

This page last updated 28 Jul 2016.
Copyright 2011-2024 by Regaware Systems Ltd.
  Calgary, Alberta, Canada
AppIntel is a website for data mining oil and gas information from Alberta government sources. If you spot any errors on this site, please email our webmaster.
  Share