Archive for May 21, 2009

Pason Systems Implements myDIALS

Colorado-based myDIALS is pioneering a new standard in operational performance that improves visibility into oil rig data acquisition and drilling management. Today myDIALS announced that Pason Systems is using its operational intelligence solution to gain insight into its oilfield instrumentation operations.

Pason is a provider of specialized rental oilfield instrumentation systems for use on land-based drilling and service rigs. Pason’s products and services – including data acquisition, electronic drilling recorder (EDR) devices, wellsite reporting software, remote communications and Internet information management tools – bridge the physical separation between remote wellsites and the office. Pason selected myDIALS as part of an enterprise-wide performance improvement initiative. myDIALS presents information captured about the EDR instruments on customers’ rigs and automatically aggregates disparate metrics – such as average revenue per rig operator or field technician, percentage of optional equipment per rig or region, and equipment utilization – to drive operational efficiency, optimize resource allocation and improve customer service.

“The ability to compare operational data and market share information together, across regions and areas, should enable Pason to make better and more timely business decisions,” said Jeff Izienicki, Operations Manager, Pason Systems. “All the data in the world is useless unless it is easily accessible and presented in a usable manner. We were never able to accomplish that with our internal systems.”

The first phase of implementation involves the senior and regional management team in Pason’s US operation, who will use myDIALS to track rigs, equipment rentals, field staffing levels and marketing opportunities. In the future, Pason expects to expand the use of myDIALS to deliver additional information, including instrument data to end-users at its client oil companies.

“True performance improvement isn’t about getting more data. It’s about visualizing and analyzing the right data,” said Wayne Morris, president and CEO of myDIALS. “Especially in the highly competitive oil and gas industry, companies like Pason are dependent on timely, relevant information to make business decisions with confidence. Whether presenting optimal level of rigs per technician or revenue by region, myDIALS’ intuitive dashboard helps Pason analyze operational data to deliver the best level of service to their customers.”

Delivered via Software as a Service (SaaS), myDIALS is an easy-to-implement, cost-effective solution for monitoring and analyzing priority operational metrics. By presenting real-time key performance indicators (KPIs) in context, myDIALS enables organizations to improve visibility into data and align operations such as EDR deployment and field technician staffing with business performance outcomes including sales and business development.

May 21, 2009 at 2:01 am Leave a comment

Getting Award from SPE

PetroComputing Editor Jeanne Perdue will be receiving a Gulf Coast Region Service Award from the Society of Petroleum Engineers on May 21 at the Awards Banquet.

May 21, 2009 at 2:00 am Leave a comment

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