Well*Share Benefits


For the Operating Company
Type of Company Form of
Collaboration
Benefits
Majority owner of
JV, legal operator
Shares data with
minority parteners
  • Reduces cost of supporting JV reporting obligations
  • Reduces security vulnerability with single data pipeline to all partners
  • Avoids investment in in-house systems
For the Non-Operating Company
Type of Company Form of
Collaboration
Benefits
Minority owner of
JV, non-operator
Receives data from
legal operator
  • Accounts daily for all production (operated and allocated)
  • Reconciles actual production vs nominations
Majority owner,
contracted-out
operation
Receives data from
contract operator
  • Optimizes operating conditions in real-time
  • Accounts daily for all production (operated and allocated)
  • Reconciles actual production vs nominations
Majority owner,
contracted out IT
support from
nearby operating
company
Receives data from
nearby operator
  • Reduces cost of building dedicated communications infrastructure
  • Reduces IT support cost