The Oilfield Off-Season – Remembered

 

Even though football season is months away from starting (hopefully), the draft is happening tonight! This blog puts us in a “football” state of mind while also taking a look at another time when the oil industry was not doing so well…yet, it bounced back and it will again. Originally posted on September 10, 2015, let’s take a look at how history repeats itself.

It’s finally football season again! All across the country fans are pulling their home team jerseys out of storage and getting their grills fired up for football. Fantasy drafts are set and bets have been made. Everyone has their eyes on the goal!

Waiting for the season to start can be agonizing. Every fan endures the pain of either waiting to dominate another season or proving the underdog can win! Rivalries simmer all summer and finally come to a head at Labor Day barbecues.

The downturn in the current oil and gas market is a lot like the time in between football seasons – it’s agonizing. Top performers want to be back at the top and smaller companies want the chance to prove themselves as a major player. Companies are making trades while buying out others or being bought out. Big moves are made to prepare for the next “season” of high oil prices and full pockets.

Just like football teams, oil and gas companies need to take advantage of this “off-season”. Football teams don’t stop playing just because there isn’t a trophy to take home. They use the off-season as an opportunity to become stronger and smarter. They condition and they learn new plays.

Companies can follow this model by looking at what worked for them last season and identifying what they can improve on to be even more successful when the next season comes. Using Geoforce is like bringing in a strength and conditioning coach for your team. By implementing Geoforce’s Track and Trace hardware and software applications, companies are able to make their operations less chaotic during the downturn.

Like memorizing a playbook, they can know exactly where their assets are at all times. This lowers billing disputes, makes asset retrieval more efficient, and saves time and money. Geoforce’s Compliance Manager is like bringing in a health and wellness coach for your team. With Compliance Manager, a company is able to identify certification and maintenance issues proactively, staving off the next “injured” piece of equipment.

It might be time for football season, but it is now the off-season for the oil patch. And unlike your disappointing favorite team, don’t let this off-season go to waste!