1.      How does a well get identified consistently across each functional department and maintained appropriately with complete header information to allow these departments to function?

a.       How do you manage a new well?

i.         What is the process for entering the well in your environment?

ii.       What is your well identification and setup strategy?

b.       How does Geology id all poss., prob., & PUDs owned by the company?

c.       How does Reservoir id all poss., prob., & PUDs owned by the company?

d.      How does Reservoir id all poss., prob., & PUDs owned by the company?

2.      How does the Land Department keep well header information including location synchronized with Land Holdings?

3.      Does your well Header information coordinate within departments to track drilling permits, provide location information and other pre-drilling activities requirements?

4.      Is the Well Header Information in a singular source, and accurate enough for Regulatory to function?

5.      When does a new well fall into accounting?  Is it cross-referenced to all departments?

6.      How does the Well Header Information get into an AFE for?

a.       Drilling

b.       Completion

c.       Production

d.      Workovers

7.      Is your well Header information complete enough to serve all functions of the department?

a.       Field name

b.       District name

8.      Critical dates

9.       Location

10.  Depths

11.   Working and net revenue interest

AFE Management

1.      How does the AFE impact field operations?

2.      Do your field costs get captured and reported on a daily basis and synchronized with your chart of accounts for that AFE?

3.      Are you able, in your tracking efforts, to see variances on your daily budget?

4.      Can you reconcile estimated and actual costs in real-time against your budget as invoices are processed?

5.      Are you able to see capital expenditures on a gross and net daily basis?

6.      Do you have a supplemental AFE process AFE that reconciles why you overspent on the original AFE

7.      What does your AFE approval process look like?

a.       What systems are you using for that AFE approval process

b.      Is that data visible to the people that work the project?

c.       Are the field people aware of your cost variances on your AFE on a daily basis?

Capital Budget Management

1.      How often is your capital budget built and reviewed on your Assets?

2.      How is your budget derived utilizing historical information for planned projects?

3.      Where do you track all of your potential drilling, workovers and recompletion capital projects?

4.      How do you tie your forecasts & budgets to actual spending?

5.      How do you track the results of capital spending to forecasts?

6.      Are you able to produce real-time cash flow on capital investment reviews? Forecasts, estimated and actual?

Pre-Drilling Management

1.      Do you have an inventory of undrilled exploitation locations?

2.      How do you manage tracking your permits and all your pre-drill task requirements and partnerships getting a well prepared to drill?

3.      How do you manage your vendor contracts in operations?

4.      How do you manage your rig schedules (if any)?

5.      How do you manage your frac & other events scheduling?

6.      How do you make sure that ALL departments are ready to drill

7.      Is the readiness visible to everyone?

Drilling, Completion & Wellwork Management

1.       How do you receive your morning reports from all well activities each day?

a.       Is it consistent in format and timeliness?

b.      Is it readily retrievable electronically?

c.       Does it capture enough detail for you to evaluate the activity?

2.       How useful are your wellbore diagrams?

a.       Are they up-to-date, complete and accurate?

b.      Are the Well-Bore diagrams updated in the field by field personnel or in the office after the fact?

c.       Do they have the latest tubing, casing and perforation histories for all wells?

d.      Do they lend to the management of your wells sufficiently?

3.       Are you able to do frac and acid jobs analysis and effectiveness reporting?

4.       Can you get your chronological well histories in a timely basis?

5.       How quickly can you report to partners in the morning on activities on the wells?

6.       How do you build your completion procedures and are they done electronically?

Failure Analysis Management

1.      Are you able to track all of your failures in your operational environment along with the cost, equipment that failed and the location?

2.      How easily is that reviewed and analyzed?

3.      Does your operational field team meet and discuss causes of failures on a regular basis?

4.      Do you track how much production is lost due to failures?

5.      Do you track how much revenue is lost due to downtime and is it reflected in your profit/loss statement

6.      Can you easily tie survey data to compare for rod failure data

7.      Can you easily compare well survey data when reviewing rod failures and equipment failures downhole to help you avoid make failures at the weakest links?

Production Management

1.      Do you get good daily gross/net production volumes for oil, gas, condensate, water and drip gas?

2.      How are your allocations derived and maintained?

3.      Are your allocation figures in synch between accounting and operations

4.      How much artificial lift is involved in your operations?

5.      How much secondary recovery is in your operations?

6.      What is your percentage of oil and gas in your operations?

7.      How many saltwater disposal wells do you maintain?

8.      Do you operate any water floods?

9.      How is your data gathered in the field?

a.       Spreadsheets

b.      SCADA

c.       Electronic flow measurements

d.      How many pumper guage sheets do you receive ?

10.  Do you receive any kind of variance reporting

a.       % drop variances

b.      Pumper downtime alerts

c.       Budget vs actual

11.  Is all your behind pipe potential identified on your assets?

12.  What kind of chemical programs do you have and do you track it?

13.  What are your regional areas of production?

14.  What regulatory agencies do you report to?

15.  Is your regulatory reporting automated?

16.  Does Reservoir group get integrated production data for forecasting (real-time data)?

17.  Do you have contract pumpers or company pumpers on the payroll?

18.  Where are your field offices?

19.  Do you own some gathering systems?

20.  Do you market your own production?

21.  Do your partners market their own production in time?

22.  Do you deal with corrosive environments?

23.  Do you deal with H2S environments?

24.  How do you deal with materials transfers?

25.  Do you have an inventory tracking process?

26.  Do you allocate sales in your production system in Merrick or Excalibur?

27.  What are the main problems that occur with your allocations in your Production System?