Energy markets are volatile, as such operators must execute well lifecycle planning with precision to maximize profitability. Disconnected tools, unreliable data, and manual processes can lead to missed deadlines, budget overruns, and inefficient resource use. Execute by Quorum Software provides a unified capital management and operational planning system that empowers teams to collaborate effectively and maintain clear visibility across budgeting, forecasting, scheduling, and operational readiness. Watch a video to learn more.
Key Challenges in Well Lifecycle Planning
- Data Silos and Disconnected Tools: Teams often rely on spreadsheets and paper forms, creating errors and data inconsistencies.
- Lengthy Approval Cycles: Manual AFE approval processes can delay project starts and incur non-op penalties.
- Inefficient Scheduling: Without a shared operational scheduling tool, changes by one function can ripple unnoticed across the program.
- Lack of Readiness Tracking: Permits, environmental clearances, and equipment checks can slip through the cracks, causing costly downtime.
The Four Purpose-Driven Modules of Execute by Quorum Software
Execute is built on the proven foundation of the AFE Navigator system and comprises four modular components. Each module can be deployed independently or combined for a fully integrated solution.
Capital Budgeting Module
Begin with a near-term approved budget that aligns short- and long-term capital plans. This capital budgeting module integrates your approved plans with current year budgets, enabling real-time tracking of spend against forecasts. As spending actuals shift, teams can update plans collaboratively, ensuring that capital allocation stays in sync with operational needs.
AFE Management Module
Raise and approve Authority for Expenditure (AFE) requests directly within your approved budget context. The AFE management module streamlines approval workflows, reduces staff effort, and minimizes lost or overdue AFEs. More than 125 oil and gas operators rely on this module to manage billions in project spend while avoiding policy violations and non-op fees.
Operational Scheduling Module
Transform how cross-functional teams build and maintain your project schedule. This operational scheduling tool offers a single source of truth, configurable to each team’s requirements. When one stakeholder updates the schedule, everyone sees the downstream impacts, reducing downtime, ensuring rig utilization, and avoiding last-minute conflicts.
Well Delivery Module
Ensure that readiness tasks and project planning, from permitting to equipment checks, are tracked and visible. The well delivery readiness module highlights potential issues before they escalate, helping teams avoid unnecessary delays, environmental fines, or compliance breaches. Share status updates across functions so everyone knows exactly where each well stands in the approval and execution pipeline.
Maximizing Profitability Through Integrated Execution
Execute by Quorum Software is the industry’s only fully integrated platform for capital management and well lifecycle planning. By combining budgeting, AFE approvals, scheduling, and readiness tracking, operators gain:
- Complete Visibility: One platform for all phases of well lifecycle management.
- Improved Accountability: Clear task ownership and audit trails.
- Faster Decisions: Real-time data drives proactive adjustments.
- Resource Optimization: Efficient use of rigs, crews, and capital.
Unlock Your Well Lifecycle Planning Advantage
Ready to elevate your well lifecycle planning? Execute by Quorum Software brings your teams together on a single, centralized platform, driving efficiency, reducing risk, and boosting ROI. Contact your Quorum Account Manager or visit our website to learn how you can start streamlining your capital management and operational planning today.
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