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ALTO
Drill
The legal and regulatory regime under which oil and gas companies operate is very complex. ALTO Drill mitigate your drilling risks by allowing cross-functional teams (Geologists, Exploitation/Completions, Production Engineers, Surface and Mineral land, Drilling, Construction) to collaborate electronically removing communication silos and improving process efficiencies.
ALTO
Produce
ALTO Produce (ready to produce) was built to ensure that well and facility set ups can be done in a timely manner so that production can be turned on quickly. RTP contains all the pertinent information required to record any production flow change. ALTO Produce captures the mandatory data elements needed to meet both the producer’s internal needs as well as satisfy the regulatory requirements. ALTO Produce eliminates the need for prior period adjustments
How we can help Oil & Gas companies
The Oil and Gas sector has a number of drivers.
These drivers include but are not limited to the need to grow profitability, ability to manage volatile commodity prices, and a capacity to manage a depleting underlying resource base.
In recent years, these factors have been amplified as Capital costs have risen due to new technologies (Horizontal drilling and multi-stage fracking) along with production decline curves increasing dramatically for the first two years. Daily production can decline as much as 50-75% from first 30 day production levels over the first year.
Growing reserves and production requires highly skilled technical workers who are competent in finding, exploiting, and producing these new reserves as well as optimizing the production from existing reserves while always ensuring that they have the cash flow to fund their capital expenditures.
Our experience has been that most companies work in silos and the information is kept exclusively within these silos or shared at a very high level causing inefficiencies in collecting, disseminating and recording data. The larger the organization the more complicated and difficult this becomes.
Our products and services recognize these issues and attempt to customize solutions for customers to improve their use of common information, their ability to collect this information and their ability to share this information all integrated with our ALTO Procure to Pay Platform. We do not help companies find oil and gas we help them exploit what they find in an intelligent and efficient way.
Defining primary source data, sharing this information among groups and ensuring a sustainable model develops so everyone benefits allow companies to reduce costs and manage scarce resources especially during cycles where commodity prices are low.