In today’s competitive drilling landscape, improving well cycle time and reducing flat time is crucial to maximizing efficiency and profitability. Traditional methods often fail to achieve consistent operational excellence, leading to delays, inefficiencies, and increased costs. SmartPLAN®, a cutting-edge rig execution engine, offers a solution by automating benchmarking and replicating top-performer activities across a fleet.

The Power of Automation and Data-Drive Insights

The new UI/UX experience is what sets SmartPLAN® engine apart. Our user-friendly platform leverages data from any well program and automatically transforms it into a Driller’s Roadmap, facilitating the digital execution of a predetermined sequence of activities. This process is then converted into a tour sheet report, daily planner, and analytic insights, streamlining workflows and utilizing cloud and edge technology for data consistency, integrity, live streaming, and high availability.

How does SmartPLAN add value?

The SmartPLAN® tool enhances operational efficiency by providing clear objectives and understandable execution protocols and procedures within an activity sequence roadmap to perform tasks more effectively. It offers numerous other benefits for drilling contractors and operators, including:

  • Improve Well Cycle Times: Reduce flat time and optimize overall well cycle time by identifying top performance and replicating success strategies across the fleet.
  • Advance Knowledge Sharing: Bridge the communication gap between the office and the field and improve onboarding and learning curves, even between rotating crews.
  • Real-Time Performance Tracking: Monitor progress against benchmarks and ensure accountability with metrics available to the field and office.
  • Consistent Operational Excellence: Execute best practices with a one-stop shop for improved accuracy, allowing you to implement performance contracts to drive higher standards.

Find out more by visiting the SmartPLAN Interactive Brochure.

Results in Action

A major operator in the Permian Basin recently implemented a SmartPLAN® engine targeting the Wolfcamp and Bone Springs formations using a three-string well design across 102 wells completed by five different rigs with an average depth of 19,500 ft.

After integrating the SmartPLAN® tool, the operator observed significant improvements in their drilling operations from Q3 2023 through Q2 2024, such as:

  • Well cycle time was improved by 7 days, from 21.5 to 14.5 days
  • Overall footage per day improved by 67%, from 883.7 ft/day to 1307.2 ft/day
  • Flat time was reduced by 49%, with 6.3 days shaved off across the four quarters

Read the full case study here.

The SmartPLAN® tool streamlines drilling procedures to provide actionable notifications for the drilling crews. The operators achieved significant time savings and set a new standard for efficiency in the Permian Basin. This case study underscores the value of innovative technology in optimizing drilling operations and boosting overall performance.

 

Driller

A crew member reviewing procedural adherence steps for the well program provided by SmartPLAN® rig execution engine.