NeoFirma has released NeoFirma Drilling, the only integrated drilling and production management application offering an enhanced ability for operators (and non-operators) to track, monitor and obtain reporting to see the linkage between wellhead budgets, costs and production.

Features/Benefits of NeoFirma Drilling:

• Real-time, anywhere viewing--Field costs can be viewed in real-time. The application tracks all operational activity including productive time, daily field cost estimates versus AFE and performance graphs for the E&P’s desired KPIs.

• Seamless, complete integration with NeoFirma Production & Operations software.

• New authorization for expenditure (AFE) manager--Full, online management of AFEs with the ability to generate hard copies of the AFE for signing. Available as a stand-alone product or fully integrated with NeoFirma Drilling.

• Accelerated capabilities via automatic updates--New product features are released every few weeks, versus only sporadically with competing systems. This creates more client benefit and allows faster platform evolution.

NeoFirma is based in Dallas