Well servicing technicians are seeing it out in the field every single day. Many of our oil and gas companies are missing out on low-hanging opportunities to save time, money, and resources while boosting production and revenue from their wells. And the solution is so much easier to implement than you might think.
What’s one small change you can make that can potentially have the largest impact?
Simply having a smarter, more proactive approach to your well servicing and maintenance.
Let us explain.
THE REAL COST OF WAITING
Let’s admit it, it’s very easy for us to let busy schedules push preventive measures aside—after all, many of us delay action on everything from servicing our cars to maintaining our homes until it’s completely unavoidable.
And while for an individual, this might mean a few hundred dollars in unexpected expenses, for an Alberta oil and gas company, it can translate to hundreds of thousands—or even millions of dollars in unexpected expenses or lost opportunities. For example, delaying scheduled testing or maintenance on your wells to address other immediate tasks may feel like a better use of our time today, but the cost of any subsequent last-minute servicing or unexpected failures can be truly significant.
But, when it comes to wells, being more proactive doesn’t just mean better planning for AER deadlines & requirements—it includes simple actions that can literally transform your company’s bottom line.
5 SMALL ACTIONS, BIG RETURNS
The good news? It’s much easier than you might think.
Here are FIVE (5) Actionable Areas that a trusted and experienced well solutions expert, like Central Optimization, routinely advocate for their clients and strongly encourage more energy companies to adopt and make a priority.
1. Advanced Well Abandonment Testing
- Why it Matters: Ensures AER compliance while addressing environmental risks.
- How to be Proactive: Be sure your techs are using new, advanced gas leak detection technology, as it can significantly reduce both your environmental liabilities and your costs. Learn more
2. Build-Up/Fall-Off Testing
- Why it Matters: Identifies underperforming wells and uncovers lost production opportunities.
- How to be Proactive: These are some of the most under-utilized tests that can have the biggest impact. Early intervention through these tests can unlock unrealized revenue and maximize well efficiency. Learn More
3. ‘Remote’ Well Testing
- Why it Matters: Faster, safer, less invasive, and more cost-effective than traditional methods.
- How to be Proactive: Central Optimization offers exclusive, proprietary technology to do your well testing remotely—the only provider of its kind in Canada. Learn More
4. Plunger Lift Servicing
- Why it Matters: Routine servicing improves equipment lifespan and minimizes downtime.
- How to be Proactive: Regular maintenance is critical. Deferred plunger lift repairs can cost users up to 450% more vs regular maintenance & servicing costs!
5. Regularly Scheduled Maintenance
- Why it Matters: Proactive maintenance is always the best way to save time, money & headaches.
- How to be Proactive: Have a consistent, maintenance There is no easier way to ensure you are minimizing any costly, last-minute surprises & expenses. Period.
HOW TO UNCOVER YOUR MISSED OPPORTUNITIES
Every day you delay testing and maintenance, your wells could be underperforming, leaking valuable resources, and costing you a significant amount of money.
Smart, proactive well testing and maintenance isn’t just about ensuring you tick those regulatory checkboxes—they’re truly untapped opportunities for Alberta’s energy companies to save time, cut costs, and increase production.
As we are just beginning 2025, right now is the ideal time to take action and reap the rewards.
IN 2025, WHAT ACTION WILL YOU PRIORITIZE?
As industry leaders, let’s collectively commit to prioritizing well testing and maintenance in 2025. Whether you choose to adopt just one or all five of these strategies, the benefits are undeniable—greater efficiency, improved compliance, and a stronger bottom line.
Ready to see where your opportunities may be hiding in 2025?
Let the trusted experts at Central Optimization help you uncover them.