New Leadership Behaviors Drive Cost Down 30%
A business unit of an oil and gas major was about to move their Western Canadian tight gas holdings from the exploration phase to the critical appraisal stage, the final stage before full development. A cross functional team with a new leader was assembled to take on the challenge of planning, drilling, completing, and putting on production of these Appraisal wells at the right costs and within the right timeline. This meant setting a goal to reduce well costs by 30% within the first two years of execution. Evolve worked with the leadership team to implement a management system and practice a new set of behaviors that enabled this shift in performance.
“After thirty-five years of doing P&A work, I’ve never seen a well that completed under budget until now; and we have remained consistent in our ability to execute at that level into the future.”