Do the data and performance charts clearly show which Operators are the best performers?
Not necessarily. The data and performance charts need to be intelligently interpreted in context of an understanding of the reality behind the numbers. For example, it is not valid to simply look at a chart of comparative drilling speed and cost performance and conclude that Operator A is a better performer than Operator B. The data and performance charts are just really starting points that provide indicators or clues. In order to draw meaningful conclusions about comparative performance it is necessary to first select appropriate ‘peer group’ or ‘comparator’ wells. Even within this group there will often be differences in local geology, rig procurement strategies, demands of internal customers (explorationists or geophysical groups) and many other factors which mean that simple metrics cannot just be taken at face value. There is undoubtedly an important place for the use of simple metrics such as feet per day or cost per foot but they never tell the whole story and do need to be use
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- Do the data and performance charts clearly show which Operators are the best performers?
