Providing field leaders with tools to meet cost reduction targets

Due to a significant commodity price decrease, our client needed to reduce lifting costs in order to maintain profit margins. Through analysis, the VP of Operations determined a decrease of $3.9MM or $0.21/BOE was required. L2P provided field leaders with processes, tools and coaching to meet the cost reduction target.

• Working with the operations analyst, L2P determined potential areas of opportunity
• Facilitated a field leader offsite to review the analysis, confirm opportunities, prioritize and commit to cost reductions
• Created detailed plans for each field leaders to meet the targets
• Created visual management systems to monitor progress at the field level on a monthly basis.
• L2P spent the remaining 8 months in the field with the leaders, building solutions, implementing and focusing on sustainability