Production has long been accompanied by an ‘at any cost’ mentality, instead of a profitable mindset.
Data Gumbo’s partnership with the Texas Alliance of Energy Producers deploys GumboNet™ to support cost savings and efficiencies in commercial transactions to deliver real-time lease operating expenses (LOE). Alliance members can access GumboNet at a 20% discounted rate. The primary costs involved are simple transaction fees based on the value of the transactions that flow through the network.
Now, more than ever, it’s an imperative to function in a low-cost environment. To do so, operators must know exactly what and how to cut.
Smart contracts powered by blockchain technology can help operators gain transactional transparency, digitize manual and paper processes, decrease OPEX and CAPEX and create sustainable results that include:
Realize production decision impact daily
Modify operations to meet current demand
Capture spend as it happens
Harvest field data and performance metrics
Auditable joint interest billing
Fill out the form now to get started on your journey to real-time LOE.