In oil & gas operations, drilling time estimates are more than just planning tools—they’re the foundation for budgeting, rig scheduling, and investor expectations. But despite their importance, these estimates are often inaccurate, leading to cost overruns, delays, and poor capital efficiency. Fortunately, one tool has proven invaluable in closing the gap between planning and reality: the Daily Drilling Report (DDR).
In the complex world of oil and gas drilling, few documents are as essential—or as underutilized—as the Daily Drilling Report (DDR). It’s supposed to be the real-time pulse of a drilling operation. But according to a recent survey we conducted, one of the most persistent challenges operators face is tied to what DDRs often don’t capture well enough: accurate cost tracking.
Accurate Daily Drilling Reports (DDR) are essential for optimizing drilling operations, tracking costs, and ensuring project efficiency. However, a variety of challenges persist in the way DDRs are recorded, standardized, and used for decision-making. In this blog, we’ll explore the most common pitfalls in DDR reporting and how companies can improve their data collection and cost tracking.
The oil and gas industry thrives on precision, efficiency, and data-driven decision-making. At the heart of these operations lies the Daily Drilling Report (DDR)—a document critical to tracking, analyzing, and optimizing drilling operations.
