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Inventory Accuracy Measures to Ensure Uptime with the Lowest Investment

Inventory Accuracy Measures Inventory Accuracy Measures Recently a client contacted us to help them determine true inventory accuracy at their company. They stated that every month their rigs and managers reported accuracy levels between 98-100% (0-2% variance), but they now were experiencing downtime on one rig for a $40 critical […]

Business Intelligence Considerations- Magnum BI

The Importance of Pre-Job Planning In today’s world, access to seamless, accurate, and timely information is key to developing and maintaining competitive advantages; business entities who have not yet implemented data-driven decision-making processes are finding themselves further and further behind their competitors who have. An integral part of the data-driven […]

Free In Between Well Checklist for Drilling Rigs

The Importance of Pre-Job Planning In Between Well Checklist Before embarking on a vacation, careful planning is done to ensure the time away goes as planned. Leaving things to chance can lead to undesirable consequences and a not-so-pleasant hiatus from work. Starting a job or a project is no different. […]

Decoding the Advantages of Barcodes

Save Time and Money Tracking Your MRO Inventory with Barcodes Advancements in technology have made life much easier than it was even five years ago. But many companies have been slow to adopt this technology, usually because it doesn’t fit their core business aims and/or they have had IT issues […]

Challenges of Doing a Physical Count

Is Your Inventory Control System "Rigged" For Success?   John couldn’t believe what he was hearing from his OIM. “We are going on downtime for not having WHAT?” he asked.  Apparently, his company had run out of VX Gaskets (metal gaskets for the wellhead) after the last few were used […]

Rig Reactivation Planning

Stop, Reactivate and Listen   The medical definition for reactivation is “to restore the ability to function or the effectiveness of.”  For hundreds of rigs in the world waiting their turn to be brought back online the question remains as to what that cost could be; depending on the age, […]

Inventory Criticality – What Are Your Critical Spares?

Truly Critical? Figure – Example of Shaffer Style Annular Ring..Ring.. It was early Saturday morning when Joe got the call from the rig telling him the upper annular had failed a pressure test and that they would need to disassemble it to see what the problem was.  Joe quickly called […]

Press Release: RigServ Partners with Oniqua

HOUSTON, TX, DECEMBER 5, 2016.  We are proud to announce that we have recently partnered with a company called Oniqua to market, deliver, and support Oniqua Intelligent MRO which will include client development and inventory analyst support post implementation.  Oniqua has been around for nearly a quarter of a century with the […]

Free Rig Warehouse Checklist

Rig Warehouse Checklist for Managers Bobby said goodbye to his family late one night and got on a plane to a distant city.  The next morning, he woke up at 3:30 AM to meet the helicopter departure time of 7:00 AM, leaving him bleary-eyed and a bit tense. Bobby’s phone […]