After a year of layoffs and declining oil prices in 2020, operators see the significance now more than ever to save money wherever they can. However, this kind of thinking requires creative solutions and open-mindedness on their parts.

In the recent SPE webinar “Techniques to Reduce Operating Costs for Increased Reserves,” Philip Hart with Excalibur Ventures Inc. gave viewers a presentation on how they can improve their accounting system, use incremental well cost analysis and decrease their operating costs while increasing well productivity and durability.

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