We’ve all seen loads of media coverage on the increase in drilling in the United States as of late. Activity reaching heights not seen for decades, and the number of rigs drilling in the US is even double of that of last year. An increase in technology has made areas that were previously uncrackable, ideal drilling ground.
With this recent increase in drilling activity, the opportunity for significant business growth for you is very real – but your business systems need to be capable of handling an increase in activity, without creating bottlenecks for you and your team.
Growth will mean a few different things for the oilfield services industry – more jobs/work orders/field tickets, perhaps more service crews that need managing, increasingly complex logistics for parts and equipment between job sites, additional service records, and more. Make no mistake – a growing industry is great for all of us, but we need to ensure our companies are best prepared to handle an increased scale of activity. One of the biggest culprits of limiting growth can be the systems we use to manage your businesses, and this can be hard to take during times of such great opportunity. After all, we’re in a competitive industry – and if we’re not able to keep up to the rate at which contracts are being awarded by operators – they’ll quickly find a service company who can.
So, what can you do?
If you are in the oilfield services sector, one of the easiest and most important ways you can prepare you business for growth is by looking at a system that supports your oilfield service operations – and allows you to manage your business end-to-end, from a single system.
With the growth of the drilling sector your services, assets & equipment and service crews are going to continue to be in high demand, and if you’re using spreadsheets or a manual system to track your projects – and any costs associated with them – this often creates additional work and causes productivity to suffer. More important than that - it increases the risk that some items or billable time will be missed when they should have been billed back to your customer.
Consider a software solution developed specifically to meet the needs of Oilfield Service Providers and Manufacturers – that allows you to manage your entire business end-to-end, from accounting, financials, customer relationship management (CRM), and inventory to job costing, work orders, preventative maintenance and dispatch – all in a single system. FieldVu - our oilfield services software solution was built specifically for small-to-midsized companies in the oilfield services sector, which means it’s affordable, quick to install, simple to maintain, and most important – easy to use.
