Cost of waiting on AER orders $50k

Waiting for a month for an application has a big cost.

No doubt you're painfully aware that it now takes over four weeks to get a past application document from the AER. Their wait times have soared over the last months.

The cost of waiting for an application from the AER has reached $50,000. Waiting a month for application information could put off a decision that would make you revenue this fiscal year.

If that decision puts off drilling a well, it also puts off getting the revenue for that well for a month. (Assumes the average conventional well in Alberta starts out at 30 bopd at an oil price of $60 per barrel).

Although the oil not produced for two weeks is not lost forever, it certainly reduces your revenue this fiscal year.

Now maybe your decision doesn't involve 30 bopd. Perhaps it s only 5 bopd or perhaps it's 200. You might even think that an application has no opportunity value whatsoever. But if that's true, why are you wasting your time ordering it?

AppIntel short term solution for the AER

AppIntel has offered to help the AER through their backlog for a limited time. Since we fill application orders for our clients in moments, we are offering to help the AER fill their backlogged orders. This will help industry get the information they need quickly. It will let the industry move forward with investment decisions. It will add revenue and value to the industry. It will add government royalty dollars in a time when our province desperately needs it.

AppIntel offer to you

Get applications on demand within moments.

Or try an AppIntel subscription. We invite you to view a demo of AppIntel and weigh the value of timely information. Check out the new Yahoo-like natural language search of application documents. Find out why the smartest people in the industry use AppIntel.

Tags: Regulator, AI return on investment

Granger Low  16 Oct 2018

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