Emerging from aftershocks of pandemic, O&G sector is demanding upfront value from investments in production operations. JOYN has cut the chase with clear ROI. Find out how.
COVID-19 pandemic has left the oil and gas industry reeling under unprecedented supply shocks, demand dips, and a veritable resource crunch. Cost optimization and revenue enhancements are the only sure-fire ways for operators to reinvigorate profitability. According to Wells Fargo Analyst Christopher Voie, Lower E&Ps are headed towards 10%-15% lower spend in 2021, yearning for a higher ROI. The path to value lies in spending less but deriving better value for every dollar.
Your legacy production software is not designed with current challenges in mind. On the contrary, legacy systems drain your time and resources with no measurable impact on ground. They burden you with unwieldy subscriptions and unnecessary additional charges, surreptitiously adding to financial stress during such turbulent times.
Making every dollar work hard demand every resource to be optimized, reduced downtime and every Lease Operator covering more ground, every day. JOYN Oil & Gas Production makes it at happen within weeks. You save more, pump more and earn more. Let us explain how.
ROI: A Simple Calculation
There are claims, and there are proven facts. Estimate your investment performance with granular precision. Calculate it upfront and know the difference. The interactive ROI calculator on JOYN website gives you a clear indication of cost and savings based on proven value. The math adds up. Intuitive JOYN app has proven to save 2 hours per day for each LO in the field. Mobile field data capture for all equipment across stops and easy carry forward functionality results in almost 25% time saving in data gathering alone.
Augmentation of finances demands prudent tackling of low returns. JOYN’s AI-powered Pump by Exception feature equips you to address distressed wells on priority. You fix before it breaks and reduces downtime. Your field pumps more and enhanced production gives a guaranteed upsurge in revenue.
Innovation: A Continuum
JOYN is at the frontier of modernization, constantly updating and bringing new features to solve for the field. A battery of top-notch technologists and engineers, including former field engineers from O&G, work on continuous and rapid innovation. A pioneer in digital and emerging technologies, JOYN leverages cloud, big data, open architecture, AI, and predictive analysis to introduce class-leading software solutions.
Profound innovation shocks and awes lackadaisical competitors. We spend north of 60% of our revenue on R&D to drive groundbreaking solutions for digitized oilfields. Whereas, most legacy systems are stuck in a fog, still figuring out glaring issues in their own product. Significantly lower investments in R&D leaves them miles behind in innovation, resulting in sporadic and inconsistent product updates, that too at a hefty cost to the customer.
Pricing: An Upfront Transaction
Legacy software thrives on opacity. Bundled pricing, multi-year contracts, and upcharge for support are just some of the components of their opaque financial obligations. In return, you get a product that leaves the field frustrated and hamstrung.
JOYN Oil & Gas Production brings you Buy-As-You-Go advantage. Pay for what you need, when you need. Pay for active wells and BOEPD, pay on what you earn. Data-driven analytics, optimization-led cost savings, and predictive maintenance backed by a smart mobile application favor rapid time to value that is second to none. Fortify your operations with superior technology and march confidently ahead.
Trust: An Absolute
“Our field operators were able to man larger fields and get to the high-value assets faster. It was so much more efficient. We saved on millions on G&A costs and recaptured previously lost barrels of oil,” said Rick Hatcher, Ex CIO, Whiting Petroleum in a recent conversation with us. He reflects the trust that 40+ Oil & Gas Companies repose on JOYN.
We have our ears to the ground. We travel the fields to understand challenges first hand. Our customers are part of JOYN’s evolution, providing valuable feedback at every stage. Our customers are our biggest champions because they know we are as committed to digitizing oilfields, as they are.
Operational risks in O&G are currently at an all-time high. Resilience in the long run calls for partnership with a trusted expert to drive rapid revenue recovery. JOYN empowers you to trim costs while preserving value and resuscitating cash flow.
Refuse to be bogged down by legacy systems.
Switch to JOYN for your investments to return instant and measurable uplift in revenue and cash flow.