Why use a tech when an expert is cheaper?
This 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.
?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 -- $1.2 B because of their closed applications | |
2,352 | applications refused from all services |
15 | average preparation cost($k) |
35.3 | wasted preparation cost($MM) |
2,352 | applications refused from all services |
500 | unlocked value from an application($k) |
1.2 | lost oil field value due to refused applications($B) |
0 | Proven 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.
?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 nowTags: Disposal, AER application, Closure, Compliance
28 Jul 2016
Better views than from a drone
Watch and copy the successes of others
Six months of cash gone
Application denied
KiP - Search box on steroids
Finding free drilling locations
Desktop AI for quick copy of industry successes
Watch competitors -- Keep up with the Joneses
Using oil and gas AI safely
Oil and gas AI must be Ethical, Moral and Beneficial
Water flood for ever and ever
Check out the net pay maps
Polymer: Here are the dividends of collective genius
The wisdom of the many outweighs the assumptions of the few
Sequestration: Oil and Gas Artificial Intelligence solving for World Peace
Reduce carbon and stake holder concerns
What technical debt from 1st generation horizontal wells?
Are your horizontal wells old age or new age?
6 things you need to know to save the oil and gas industry
New generation of knowledge workers saving the industry