Energy Navigator Inc.

Energy Navigator Inc.

March 16, 2015 08:00 ET

Industry Guide Provides Alternate Ideas to Help Oil and Gas Producers Engineer Their Way Out of Current Downturn

CALGARY, ALBERTA--(Marketwired - March 16, 2015) - As energy producers feel the pinch caused by low commodity prices, many are moved to slash spending in order to safeguard operations. While the instinct to cut costs is valid, there are also many often-overlooked opportunities that engineers can employ that may achieve equal or better results. To help companies look for any cash flow opportunities that are being left on the table, Energy Navigator has released a new industry guide: 17 Ways to Engineer Your Way out of a Downturn While Boosting Production and Cash Flow.

The guide, which is available for download on the company's website, provides a reservoir engineering perspective on how to increase oil and gas production and cash flow without increasing capital spending. It is possible that much of the savings companies need to make are already in their operations, provided they know where to look. Written by Randy Freeborn, P. Eng, the Chief Research Engineer for Energy Navigator, the guide shares knowledge acquired over four decades in petroleum engineering.

"Unless you've been through a few of these downturns," says Mr. Freeborn, "you might not be aware of all the ways you can find hidden value in your operations and offset low prices. These ideas are not necessarily new or exclusive but, by compiling and sharing them, we hope to arm our clients and our industry with more options to help them succeed. Things are tough, but there's always more than one way to address a challenge."

The guide is a part of Energy Navigator's commitment to sharing its in-house expertise with the industry. Along with the guide, the company has launched a new oil and gas blog intended to share opinions, perspectives and technical research on the subjects of petroleum engineering, reservoir engineering, exploitation, reserves management, business process, and economics analysis.

About Energy Navigator

Energy Navigator specializes in capital and reserve asset management software for the oil and gas industry. The company operates on the principle of continually developing a better way to help oil and gas companies get from data to decision. Energy Navigator's products include Value Navigator ® (Val Nav), an industry leading oil and gas forecasting, economics and reserves management tool, and AFE Navigator ® (AFE Nav), an electronic AFE creation, tracking and capital management solution. The company has headquarters in Calgary, with offices in Houston and Denver.

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