Concho, Enverus Debut New Cost-Saving Product For Shale Producers

Concho Resources and Enverus teamed up to launch a new product on Jan. 21 that could save shale producers possibly hundreds of millions of dollars.

Concho, Enverus Debut New Cost-Saving Product For Shale Producers

“Concho’s industry-leading work has demonstrated that when the right data and analytics are effectively integrated and analyzed, the efficiency of auditing can be significantly improved and therefore the savings multiplied,” said Jeff Hughes, president and CEO at Enverus. (Source: Hart Energy)

As discipline remains the order of the day for U.S. shale, Concho Resources Inc. and Enverus teamed up for the launch of a new product on Jan. 21 that could save shale producers possibly hundreds of millions of dollars.

Building on Concho’s proprietary vendor auditing program developed using Enverus applications for oilfield business automation, the companies debuted Audit Analytics, a new product to enable energy companies that will reduce costs by identifying erroneous overfilling in high volume shale operations, according to a joint press release.

“Cost efficiency is the name of the game now,” said Jeff Hughes, president and CEO at Enverus, in a statement.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.