EuRex International, Inc

Consulting and Marketing software program to the oil and gas industry. Marketing a software program to the Oil and Gas industry, The Performance Drilling Estimator (PDE), which is proactive business tool that helps to manage the drilling cost and ris...

Consulting and Marketing software program to the oil and gas industry. Marketing a software program to the Oil and Gas industry, The Performance Drilling Estimator (PDE), which is proactive business tool that helps to manage the drilling cost and risk. A business tool for drilling engineers to plan and prepare successful drilling projects based on modeled footage drilling performance measures and established incentives. Challenge: Control drilling cost even in economically stressed conditions without compromising drilling and financial performance. Solution: Use PDE to analyze and compare drilling and financial performance of previous Bottom-Hole-Assemblies (BHA). Calculate minimum drill rate results and establish financial baseline for new BHAs. Select optimum BHA based on footage and risk sharing targets. Results: Wells are drilled at higher rate