Budgeting with precision

Being able to match budget and result is more important than you think.

The early decisions have the highest impact; the architect controls the budget and the hammer follows the budget. Let's look at how decisions in well planning impacts the oil company finances.

For simplicity, we can split well planning in two, early and late decisions. In the industry, we typically define everything from detailed operations planning through operations as late decisions, and everything before the detailed operations planning as early decisions.