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Some oil and gas companies choose to measure success by return on investment or return on capital employed. Some use profit margin to gauge their accomplishment. And still others monitor continued reserve growth as their scale of success. Gaither Petroleum recognizes that some measure of all these attributes is required to realize true success and also that more than financial analysis is required to measure achievement. Financial success originates from and can be measured in the oil field, providing valuable understanding for effective cost control.

 

In situations where the majors and larger independents have chosen not to participate, GPC has historically shown that it is able to create value, whether through drilling or further development and maintenance of existing fields. Because of this, GPC has continued to grow successfully. Through its integrated, multi-disciplined approach, streamlined operations, and cost control measures, GPC has been able to reduce overall lifting and operating expense, thus creating a lower economic limit. This correspondingly extends project life and increases reserves.