Data Gumbo Blog

Andrew Bruce


Recent Posts

Getting Rid of Invoice Engineering is Possible

Aug 12, 2020 8:33:55 AM / by Andrew Bruce posted in Blockchain, Oil & Gas, Smart Contracts

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Whether hot and dusty, freezing cold or perched over saltwater, a constant geolocationally-agnostic task at hand is that stack of paper tickets and invoices that proliferates across the desk of the ‘company man.’ With years spent in college and various training courses to responsibly manage the safe construction of productive wells, paperwork can feel a Sisyphean side chore — with two to three hours a day spent stamping tickets. In 2020, this waste of time — not to mention resources — is beyond undesirable and no longer necessary.

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Making Real-Time Lease Operating Expenses a Reality

Aug 7, 2020 8:34:23 AM / by Andrew Bruce posted in Hart Energy, Thought Leadership

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If data is bad, the conclusions drawn from that data will always be bad. This is true regardless of industry or application. Poor data quality from the field has long plagued oil and gas operators, making decision-making around lease operating expenses (LOE) slow and imprecise, in turn, continually yielding subpar conclusions and adding complexity to timely decision making.

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Blockchain Supports Transparent Execution of Performance Contracts

Jul 14, 2020 9:30:00 AM / by Andrew Bruce posted in Data Gumbo, IADC, Blockchain, Drilling

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Drilling contractors often face an uphill battle when it comes to getting paid based on their daily drilling activities and reimbursable expenses. The average service delivery-to-payment process currently runs 60 days or more, leaving drilling contractors with elongated days sales outstanding (DSO).

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