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Pason Systems Implements myDIALS to Drive Operational Efficiency
myDIALS Improves Visibility Into Oil Rig Data Acquisition and Drilling Management
| Source: myDIALS
LAFAYETTE, CO--(Marketwire - May 18, 2009) - myDIALS, which is pioneering a new
standard in operational performance management, today announced that Pason Systems is using myDIALS to improve
visibility into its oil field instrumentation operations. Pason, a leading
provider of electronic drilling recorder (EDR) devices used on oil rigs,
selected myDIALS as part of an enterprise-wide performance improvement
initiative. myDIALS presents information captured about the EDR instruments
on customers' rigs and automatically aggregates disparate metrics -- such
as average revenue per rig operator or field technician, percentage of
optional equipment per rig or region, and equipment utilization -- to drive
operational efficiency, optimize resource allocation and improve customer
service.
"The ability to compare operational data and market share information,
together, across regions and areas, should enable Pason to make better and
more timely business decisions," said Jeff Izienicki, Operations Manager,
Pason Systems. "All the data in the world is useless unless it is easily
accessible and presented in a usable manner. We were never able to
accomplish that with our internal systems."
The first phase of implementation involves the senior and regional
management team in Pason's US operation, who will use myDIALS to track
rigs, equipment rentals, field staffing levels, and marketing
opportunities. In the future, Pason expects to expand the use of myDIALS to
deliver additional information, including instrument data to end customer
oil companies.
"True performance improvement isn't about getting more data. It's about
visualizing and analyzing the right data," said Wayne Morris, president and
CEO of myDIALS. "Especially in the highly competitive oil and gas industry,
companies like Pason are dependent on timely, relevant information to make
business decisions with confidence. Whether presenting optimal level of
rigs per technician or revenue by region, myDIALS' intuitive dashboard
helps Pason analyze operational data to deliver the best level of service
to their customers."
Delivered via Software as a Service (SaaS), myDIALS is an
easy-to-implement, cost effective solution for monitoring and analyzing
priority operational metrics. By presenting real-time Key Performance
Indicators (KPIs) in context, myDIALS enables organizations to improve
visibility into data and align operations such as EDR deployment and field
technician staffing with business performance outcomes including sales and
business development.
About Pason Systems
Pason is a leading international provider of specialized rental oilfield
instrumentation systems for use on land-based drilling and service rigs.
Pason's products and services -- including data acquisition, wellsite
reporting software, remote communications and Internet information
management tools -- bridge the physical separation between remote wellsites
and the office. Founded in 1978, Pason has over 90% of the market share in
Canada and almost 50% in the U.S., and now employs more than 500
professionals internationally. Pason is a Canadian corporation
headquartered in Calgary, Alberta and Canada, with U.S. offices in Denver,
Colo. and Houston, Texas. Visit www.pason.com for more information.
About myDIALS
myDIALS is pioneering a new industry standard in operational performance
management with real-time KPI visualization that combines operations and
business performance metrics. Offering unparalleled usability for decision
makers, the hosted software solution extracts real-time metrics and
calculates KPIs and associated Key Performance Drivers (KPDs) across all
business roles, processes and value streams. In conjunction with its
partner ecosystem, myDIALS delivers embedded vertical industry and value
stream expertise, as well as improvement methodologies and guided diagnosis
to help customers gain a deeper understanding of the factors that fuel
their business. With myDIALS, customers can quickly resolve operational
issues and capitalize on opportunities, while maximizing the value of their
existing environment. myDIALS is based in Lafayette, Colo. Visit
www.mydials.com for more information.