8 minutes to a more profitable oil and gas production company...

Hey Oil & Gas Producers, how is it that some operators are profitable at $25 oil, while others barely hang on at $50?

It's not some new age approach to monitoring their electricity bill or chemical schedule.

It's something much simpler, folks...

These teams have mastered the art of elimination, automation, outsourcing, and delegation.

These four methods are very, very powerful.

In fact, each one of them used alone will increase the bottom line of your operations.

However, using all of them in combination on a regular basis will bring about rapid operational reprogramming.

The sooner and more rapidly we get on-board with these methods, the more rapidly you'll bring operational effectiveness.

And, operational effectiveness is where the money is at...

So simple in theory, but how many operators put these cost-slashing activities into practice?

"But this boom is different!" they cry...."Why count nickels and dimes in the office when there are dollars to be made in the field?!"

"But this boom is different!" they cry...."Why count nickels and dimes in the office when there are dollars to be made in the field?!"

Look folks, if you take the long view on oil, you understand the importance of running an operationally efficient prodco.

When distributing responsibilities to your team, it's important you work through your list of responsibilities and tasks.

Essentially, it's the perfect opportunity to utilize the 80/20 rule to throw out non-essential tasks.

Rather than distributing 100% of the work of the manager, the savvy operator will divide the work into two groups:

1. the 20% that is the most important to keep within the company, and
2. the 80% that can be eliminated, automated, or outsourced.

How do we do this?

It could be as simple as throwing the company's tasks on a whiteboard and striking a line between the "crucial 20%" and the "other 80%".

You must ask yourself what can we eliminate? What can we automate? What can we outsource?

Then (and only then!) should you delegate what is left...

Remember, automation applied to efficient operations magnify the efficiencies, while automation applied to inefficient operations magnify the inefficiencies.

That said, how efficient are your operations?

More importantly, how much extra work are you creating for yourself and your team by not first reviewing the validity and importance of each task?

Basically, you need to distribute responsibilities throughout the team (or to outside the team) in ways that aren't going to add a lot of extra work.

That's why it's so important to eliminate, automate, and outsource before delegating to your team members.

For core activities that simply can't be eliminated, oftentimes we can still cut 80% of the field reporting, production monitoring, well checking, and performance auditing.

The oilfield has been run the same way for a long time.

However, there's no reason why we can't get a little creative?

One of our favorite examples we've seen of effective elimination and transparency was a company that posted the performance of the routes of every lease operator.

Monthly overhead averages that were necessary to maintain a pumper's wells and daily average production numbers for the route were on display at the field office for all to see.

Sure, some wells were going to produce more than others.

And you're right, a few outlying wells were going to be more troublesome (read: cost-intensive) than the others.

However, spread out over a pumper's route of 15-40 wells, a company can see a distinct differentiation of performance among its employees (and thus reward production teams accordingly!)

Both the 'old pros' and the 'young know-it-alls' are difficult to manage.

Getting them to understand how their engagement (or lack thereof) with their route affects the bottom line of the company can be difficult.

However, when companies are fully transparent, poor performers are left to argue with the numbers (and we all know that ain't much fun! ??)

These methods of peer review may be reserved for only the most progressive companies in the oilfield, but we believe that transparency is a much more powerful and productive combination than administrative rules and regulations.

After eliminating and reducing as much as possible, go through and map out what you can automate or outsource, in ways that will both free company time and improve your results.

So, why does it feel hard to develop self-managing people and teams?

Assuming you have hired good people (which many times isn't the case), a main cause of failure is giving up too soon.

No doubt, adhering to elimination, automation, outsourcing, and delegation requires patience and practice.

For some of you, it might take eight weeks to make a team self-managing.

For others, it could be eight years.

But with Greasebook, all it takes is 8 minutes.

In any event, if you give up along the way, you for sure will never make it happen.

Stay committed, your bottom line depends on it!

Respectfully,

Greg

PS Have you ever asked yourself what conditions would have to exist for your pumpers to ELIMINATE the need to send in production reports?

Considered what it would be like if you could AUTOMATE all your production allocations, oil sales, and management reports through a simple app?

If you could DELEGATE many of your responsibilities to other team members, could you focus more on growing the company or even take more time off?

If you answered 'Yes' to any of these questions, schedule a call below.

With GreaseBook, you'll be able to ELIMINATE, AUTOMATE, and DELEGATE many business-critical tasks away in less than an afternoon....

If this sounds interesting to you, click 'Learn More' button below then Schedule a 5 Minute 'Prove It' Call here >> www.greasebook.com/vsl

→ Achieve results in less than 1 week.

→ "No-sweat" company set-up, turn-keyed by a Petroleum Engineer.

→ "Done for you" Pumper roll-out and training.

→ Unprecedented 60-day, 200% money-back guarantee.

Schedule your 5 Minute 'Prove It' Call here >> www.greasebook.com/vsl