5 Ways For a Small Business Owner to Capture More Time

Do you ever feel like everyone else gets to enjoy their summer vacations while you're stuck trying to keep up with work? It can be frustrating, especially when large oil and gas corporations give their employees generous vacation time. These employees can easily step away from their day-to-day tasks, knowing someone else in their office will cover their essential responsibilities. You may have heard people say to consultants and small business owners, "How lucky you are because you can take off whenever you want." But the reality is far from that. As a consultant or small business owner, you constantly hustle and work hard to keep your customers happy and grow your business. We understand the struggle, and that's why we want to help you create efficiencies that will allow you to take time off too. Here are five ways to use WellDatabase to make quick, informed decisions that will help you do your job efficiently. When you encounter a problem, let us assist you in finding a solution.

COLLABORATE WITH CLIENTS

Imagine your client urgently requests to see some data. Instead of spending time putting together long emails, why not invite them to a WellDatabase project? With just a few mouse clicks, you can quickly organize your clients' wells into a project and easily share data or searches with them. This collaborative space provides a convenient platform for sharing information and working together. The best part is that when you create a project and invite others, they don't need a paid subscription to view or collaborate. This saves you valuable time and ensures seamless communication with your clients.

QUICK ANALYSIS

Additionally, with WellDatabase, you can run quick analyses and operator type curves. This powerful feature allows you to comprehensively understand the operations in an area you're interested in. You can make informed decisions and streamline your workflow by analyzing data and curves. Instead of spending hours manually crunching numbers and analyzing data, WellDatabase does the heavy lifting for you, providing you with insights and saving you valuable time.

TESTIMONIAL

On my commute home, I received an email requesting a first scrub of the technical inputs and risk adjusted cash flows for a competitive bid on a package of assets. I had about 7 minutes before my stop on the train. With WellDatabase, my go-to for production data on every well drilled in the US and Western Canada, I was able to pull up the data, make a few preliminary adjustments and generate a “go / no-go” response that was well informed. Their user-friendly platform and precise data were indispensable. WellDatabase transformed a potentially stressful task into a seamless process, proving to be an invaluable tool in my arsenal. 

– Paul Clark, CounterPoint Analytix

FORECAST DATA

Another time-saving capability of WellDatabase is its ability to create decline curves in seconds. If you're not currently using WellDatabase for your decline curve analysis, you're likely spending a significant amount of time gathering your estimated ultimate recoveries (EURs). By utilizing this feature, you can effortlessly generate decline curves, freeing up more time for other critical tasks. The intuitive interface and powerful algorithms of WellDatabase make it easy for you to create accurate decline curves that help you make informed decisions about production and resource estimation. Learn more about creating decline curves in the following article: https://support.welldatabase.com/knowledge/can-i-compare-multiple-decline-curves

CAPTURE IMAGES

Furthermore, WellDatabase allows you to export images and maps directly to your project or PowerPoint presentation. This effortless exporting feature ensures you can seamlessly incorporate visual aids into your work, enhancing your presentations and reports. Whether you need to showcase production trends or illustrate the geographical distribution of wells, WellDatabase provides the tools to create compelling visuals that effectively communicate your findings.

CLEAN AND ORGANIZED DATA

Lastly, our market research indicates that a significant portion of data analysis time is spent cleaning data. If you're pulling your data from state sites, you'll encounter messy and hard-to-find information. However, with WellDatabase, you start with cleansed data right from the beginning. This saves you valuable time and eliminates the need for extensive data cleaning, allowing you to focus on analyzing and deriving insights from the data. By leveraging WellDatabase's clean and organized data, you can accelerate your analysis and spend more time deriving meaningful insights.

With WellDatabase, you can overcome the challenges of staying caught up while others take time off. By leveraging its features and functionalities, you can work efficiently, make quick decisions, and ultimately create more opportunities for yourself to take well-deserved breaks. Don't let the hustle hold you back; let WellDatabase empower you to achieve a better work-life balance. Work smarter, not harder, and enjoy the benefits of a well-deserved vacation.

If you have yet to experience the benefits of being a WellDatabase customer and are curious to see what we offer, why not take advantage of our exciting summer trial? Navigate to www.welldatabase.com/summer-trial to start your trial today!