The daunting task of keeping track of your expenses can be time-consuming and overwhelming if not managed correctly and efficiently. With the increase of mobile apps and other productivity tools, managing expenses has gotten easier.

For oil and gas, managing lease operating expenses (LOE) has gotten easier with automation and software solutions. Now, there are fewer reasons not to have the costs eat away at your companies’ ability to operate wells and keep costs within budget without having to shut-in operations.

SCADA and other remote monitoring systems introduced a step change to the industry in the area of operational efficiency by providing a positive impact on run-time, production and reduced operating costs. However, with low commodity prices and lower producing wells, there is still a challenge for business cases to justify putting monitoring on all assets.