Oil and gas companies face many unique challenges. Budgeting is a key to successful business operations, due to the cost of drilling (movement of equipment, inventory controls, 404 documentation and testing, managing drilling operations and lease contracts). In addition, you may be looking for ways to increase speed and productivity, minimize costs and improve quality. How do you plan for all of these variables, while still meeting your project schedule?
Eide Bailly can assist you in developing, testing and implementing a business strategy. Our process-based approach begins by assessing your company's current state and concludes with the developing implementation plans, identifying key performance indicators and assigning accountability. Clients appreciate our help with comprehensive budgeting that accounts for existing reserves, expected reserves, anticipated drilling and development program expenditures, and changing commodity prices. Once your plan is implemented, we help you monitor activity at all levels.
We can help you improve your processes, procedures and, ultimately, your operations. Clients benefit from our team approach; we work with staff across your company, from front-line employees through senior management, to analyze, measure and improve core business processes. We then help you design and evaluate organization structures and staffing models to support both improved processes and effective decision-making in the future.
