Tim gives an update on state of upstream market where the price of crude oil had unprecedented drop down to $zero per barrel.
Rick asks Cindy about tools available to home workers with the needed speed and security, tracking location of people and vehicles, saving electric costs for lift pumps, compressors, and Vapor Recovery systems, efficiently operating drill rigs, Cindy described a case history at Devon Energy with tow applications that saved over $100 M
The first was Asset Framework applied to their ESP system creating a new workflow and predictive indication of forthcoming failures, achieving $54M and second, using PI and PI Vision to enable multiple applications views to reduce the number of days to drill and complete a well, saving Devon over $50M more.