FieldSavvy, New App-Based Productivity Tool, Enables Fast, Responsive Communications and Real-Time Logistical Management between Energy Companies and Oilfield Service Companies
Economic simulation shows efficiency gains and cost savings from
faster, simpler and clearer communications
FieldSavvy, a new mobile productivity tool built to enhance
efficiency in the oilfield, makes its market debut this month following
a six-month field test. The new app-based platform enables faster and
more responsive communications between oil and gas operators and
oilfield service companies.
“Every penny counts these days as exploration and production and
oilfield service companies combat the prolonged collapse in commodity
prices,” said Jason Swanson, head of FieldSavvy and the
co-founder of J&L Oilfield Service Company, based in Shattuck, Oklahoma.
“Energy companies are squeezing every ounce of efficiency out of their
supply chains and operations.
He continued, “The feedback from our field tests has been incredibly
positive and we think users will also appreciate the speed, simplicity,
clarity and accountability built into the application and how easily it
manages job requests, job bids and sends critical job updates to all
parties in a single click.”
While the FieldSavvy app streamlines communications, its ability
to capture, analyze, organize and present pertinent data — such as
current cost comparisons among a company’s preferred suppliers as part
of robust job request and job bidding features — will enable energy
companies to make smarter and quicker decisions when choosing vendors
and suppliers. Users can manage tasks, measure performance and
coordinate logistics in real-time.
“The oilfield service sector has historically lagged behind in the
adoption of information technology,” said Chelsea Celsor Smith,
FieldSavvy’s director of business development. “While exploration
and production companies demand price reductions in response to low
commodity prices, the ultimate solution is a simple app-based platform
capable of reducing costs by driving supply chain efficiency throughout
the oilfield service business.”
In a simulated study to assess the probable operational costs savings
from using FieldSavvy, the Steven C. Agee Economic Research and
Policy Institute (ERPI) at Oklahoma City University found that the
increased efficiency derived from FieldSavvy’s communication
improvements could lead to an average cost savings of 6 percent. In
addition to the 6 percent, FieldSavvy could also help cut costs
associated with other operations not directly related to communication
efficiency including aiding in conflict resolution with track records of
service, more efficiently managing rental and service time and tracking,
and reducing additional downtime. The study also shows that if FieldSavvy
is successful in reducing bid and job request time to completion, the
likelihood of errors and operator costs fall disproportionately —
specifically, every 1 percent gain in efficiency from enhanced field
communications leads to a 1.5 percent reduction in relative operating
costs.
“The FieldSavvy platform solves a persistent and expensive
problem in the oilfield between oil and gas operators and their
preferred field service companies caused by slow, unclear, untimely and
imprecise communications,” said Russell Evans, economist and researcher
at the ERPI. “The study clearly shows savings achieved through various
means for companies using FieldSavvy.”
FieldSavvy is available for IOS and Android smartphones, and the
real-time records it generates can be accessed and filtered through a
desktop dashboard and uploaded into external accounting applications as
needed. FieldSavvy is built to work with operators and companies
of all sizes, and pricing is based on the number of FieldSavvy
users.
For the initial operators adopting the full platform, FieldSavvy
is offering a free customized installation and trial period. The trial
could be restricted to a particular region or installed company-wide,
based on an operator’s needs. The developers will include ongoing
product support to accompany trials and user-based subscriptions.
“Innovation is the fastest way to increase productivity and decrease
costs,” Chelsea Celsor Smith added. “FieldSavvy will preserve
reasonable margins in these challenging times by delivering real savings
for the energy business.”
About FieldSavvy
Developed and tested in the oilfield, FieldSavvy is a
productivity tool to enhance coordination and communications to deliver
cost savings through efficiency improvements. Accessible online and
through apps for IOS and Android, FieldSavvy enables oil and gas
operators to easily, quickly and reliably solicit bids and job requests
from vendors and track job progress and measure performance from bid to
completion. Visit FieldSavvy.com, call (844) 557-2889.
Press kit:
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