Compare
Drillcost vs spreadsheets and emailed reports.
Most drilling teams plan in Excel, report by email and find out the real cost from the ERP weeks later. Here is the same work in Drillcost, side by side.
Planning
- Plan structure
- Drillcost: Phases and operations with planned time, depth, cost and materials
- Spreadsheets and emailed reports: One spreadsheet per well, laid out differently by each engineer
- Approval
- Drillcost: Submit, review, approve, with comments and history
- Spreadsheets and emailed reports: Email threads and attachments
- Baseline
- Drillcost: Saved automatically when a plan is approved
- Spreadsheets and emailed reports: Whichever file was last sent
- Reusable operations and materials
- Drillcost: Shared catalogue for the company
- Spreadsheets and emailed reports: Copied between files
On the rig
- Recording actuals
- Drillcost: Per operation: time, depth, materials and cost
- Spreadsheets and emailed reports: Daily drilling report typed up and emailed
- No signal
- Drillcost: Works offline and syncs when the connection returns
- Spreadsheets and emailed reports: Report waits until someone can send it
- Unplanned work
- Drillcost: Tracked separately as hours off plan
- Spreadsheets and emailed reports: Mixed into the day’s narrative
- Daily report
- Drillcost: Draft created every night from the day’s entries
- Spreadsheets and emailed reports: Written from scratch each day
Cost control
- When overruns show up
- Drillcost: The same day
- Spreadsheets and emailed reports: Weeks later, when costs reach the ERP
- Compared against
- Drillcost: The plan for the work done so far
- Spreadsheets and emailed reports: The whole-well budget
- Why it ran over
- Drillcost: Split into rig time, extra materials and prices paid
- Spreadsheets and emailed reports: Worked out by hand, if at all
- Final cost
- Drillcost: Forecast updated as the well progresses
- Spreadsheets and emailed reports: Estimated in a separate sheet
Reporting and control
- Comparing wells and fields
- Drillcost: Rollups by well, field and company, side by side
- Spreadsheets and emailed reports: Manual consolidation across files
- Units and currency
- Drillcost: Set per field: metres or feet, any currency
- Spreadsheets and emailed reports: Converted by hand
- Audit trail
- Drillcost: Every change logged
- Spreadsheets and emailed reports: File versions, if anyone kept them
- Access
- Drillcost: Roles decide who plans, approves, records and views
- Spreadsheets and emailed reports: Whoever has the file
Not in Drillcost today: vendor invoices, service and field tickets, and invoice matching. Day rates are entered as cost lines.
Book a demo
See your next well against plan.
We’ll walk through a well from plan to daily cost, using your phases, units and currency.