Interviews, Podcasts and Publications

“One of the biggest mistakes we see in the industry is inefficient invoicing systems. Business growth relies on liquid capital, and that means cash flow. Every day spent waiting for an invoice to be paid is a day where that money could have been reinvested into your business. RigER’s mobile invoicing allows you to create invoices in the field so that they can be approved on the spot and delivered as soon as the job is done. Everything is stored securely in the cloud so you’ll be notified when due dates are approaching or elapsed. You’ll avoid big mistakes like forgotten invoices, and smaller ones too like messy handwriting or a pesky ink smudge.” Find out more on Energy Now.

“As both price and volume of work are predicted to increase two fold this year, it is absolutely crucial that OFS company managers face the reality that they need to run their companies smarter than ever with the most limited access to growth capital they’ve seen in years. With so many companies still stuck in the loop of overworking a limited staff, being forced to staff up, and then having to let them go again, the question becomes: How can we do more with less? The answer, in every scenario, is digital.”
Find out more on Energy Now.

“Michael Maltsev is the CEO of RigER.
RigER is an operation management software for oilfield equipment and rental companies. There are many simplified versions of this type of software, but none that provide as thorough an overview of your operations. Oilfield rentals differ from more generalized rentals because they typically involve services and manpower. It’s a complicated business with a simple solution.”
Watch full interview here.

“…Winners in this new fight will almost certainly turn to data to make these decisions. Critical information related to job costing, daily P&L’s, accurate projections, DSO, DPO, real time inflation impacts, asset utilization, employee turnover, QHSE, ESG, and more will all impact the balance sheet. Time and time again, CFO’s and boards turn to the ERP to solve these problems.”
Read full article here.

Most oilfield service company executives find themselves flying into the storm of today’s new and overwhelmingly challenging market with the tools of old and permanently deferred hope. Managers are under significant pressure to improve margins after spending the last year or so at zero or negative EBITDA. As pricing remains stubbornly close to breakeven, there is little room for error. While activity improves, it does so as all costs are increasing and a labor market that is tightening. Read full article here.

John Mark Cavitt, CEO, RigER, details his background to set the table for the service and digitization work currently being deployed in the oil industry. A former teacher, youth pastor and chemist, John brings his diverse background and perspective to the oil and gas industry. He discussed the integration of technology in detail as well as obstacles, success stories and hesitations. Than he talks about the importance of digitizing the field ticket, which allows an instant connection to your office and field workers. Listen episode here.

RigER—an oilfield operations management software provider for energy service and equipment rental companies—summarized key lessons from over 100 implementation projects. Oil and gas prices and markets instability have challenged the oilfield industry to a bold rethinking of business and operating models. Companies must find a way to do more with existing resources—make better margins, increase efficiencies, lower costs, minimize risks and optimize operations as much as possible. Read full article here.

Imagine everyone on your oilfield services team can work anytime, anywhere – sharing operational information efficiently not only when they are online and but also when they work in remote offline locations. From dispatching jobs, renting out equipment to performing inspections and maintenance, you have everyone’s tickets and field forms in place on-time, signed and secure. No more lost, damaged or inaccurate paper tickets, frustrated staff, rejected invoices and delayed payments. Check video here.

What is the right amount of Co-Founders? Well, find out from RigER: Oilfield Operations Management Suite Founder Michael Maltsev, as he shares his experience on the #Energy #Scaleups #Podcast. Michael Maltsev is a serial entrepreneur, guest speaker, author, and business consultant. He is a founder of RigER, an Oilfield Operations Management Suite, leading oil and gas software solution for Energy Service and Equipment Rentals. Check full episode here.

Digital Oil and Gas podcast is a weekly podcast of ideas and insights into how digital innovation will impact the global oil and gas sector. This episode is a chat with Micahel Maltsev, the president of RigER. RigER is an Oilfield Operations Management software for energy service and equipment rental companies. They discussed the digital transformation of the oil and gas industry in general and what role does Operations Management play in it. They talked about the benefits it provides, and how digital has leveraged this novel business model. Check full episode here.

Field tickets are fun said no one ever. And unfortunately field tickets are just one part of the paperwork headache OFS companies have to deal. RigER CEO, John Mark Cavitt, joined Jacob Corley and Collin McLelland to chat about how our Oilfield Operations Management platform is helping OFS digitize their operations. Check full episode here.

RigER CEO, Michael Maltsev, took part in an exclusive round table discussion with senior executives from three other energy tech companies. They discussed how downturn affected the companies, the importance of digitizing oil and gas industry, and how new technology such as artificial intelligence (AI), machine learning can help speed up the recovery. Watch full video on Hart Energy website.

The latest version of RigER is featured in the latest issue of Bakken Oil Business Journal. RigER Odessa 8.0 enables field workers, supervisors, and office staff to get work done faster and more easily while eliminating issues associated with traditional paper processes. Learn more.

“…RigER offers yet another aspect of paperwork reduction, aimed at rental companies with extensive inventory, letting them digitize tracking, invoicing, and billing.” Their beginning was much like that for Cleargistix – a paint point involving paper. Read more in PB Oil&Gas Magazine.

The energy industry is more challenging and competitive than ever. Producers are demanding more from Service companies while everyone struggles to reduce costs and improve efficiencies to stay in business. Service companies that continue using paper and spreadsheets to manage their business will be pushed to the sidelines and lose business to other companies who are able to adapt and align themselves with the digital processes on the Producer side. Find out more on www.hartenergy.com.

Is the digital oilfield a reality for the large players alone, or can small- and medium-sized businesses also enjoy the benefits of the latest technology? RigER Inc. can help all OFS companies make the digital transition by replacing rudimentary, paper-based processes in the oilfield rentals and services space with something better — notably its Rig Equipment Rentals (RigER) software. Check full article in Daily Oil Bulletin right now.

Our CEO, Michael Maltsev, talked about Operations Management Using Technology with Justin Gauthier during this new popular podcast. Check it on OGOS site right now.

Any change starts with assessment of where you are and envisioning where you want to be – whether it’s a personal change or a change in your business operations. If you have been asking “how can we optimize our operations utilizing the latest technology,” “what’s the most cost-effective approach”, “how do I go about doing it,” – then we invite you to have a read of the recently published “6 Levels of Digital Oilfield Operations Maturity ” where you will find a few ideas and can start actively planning the change.

Michael Maltsev, the CEO of RigER-Digital Oilfield Platform, from Calgary, Canada, talks about his company during the second day of the Permian Basin International Oil Show Wednesday, at the Ector County Coliseum grounds. Check the whole interview published
by “ In The Pipeline Magazine. “

If you’re in the oil and gas services business, you know growing your rental business requires better inventory management and operations control. Additionally the complexity of field service jobs, delays in paperwork preparation, inaccurate invoicing, and lack of performance analysis are all problems that aren’t new to you. Check this “ interview with Michael Maltsev “, founder of RigER, an oilfield rental operations management software designed for energy services companies.

There is not much the Oil Patch can do about a global oil price languishing at roughly half what it was three years ago, and there is not much more it can cut from its today’s lean operations to further trim the expenses. However, there is a big opportunity that the oil & gas service industry has largely overlooked – the opportunity that helped other sectors of the economy to transform – the transition from traditional to digital operations. Check “this article ” to learn more

Oilfield rental companies across Western Canada and USA faced with low commodity prices and low operational activity. Experienced business owners and managers know the importance of adapting quickly and act strategically. Successful oilfield rental companies get through downturn with clear focus on two tasks: optimize financials and prepare to next phase of market cycle. First task includes cutting costs and credit checks, second – innovative products, scalable solutions, workflows improvements. Read more in “ Oilfield PULSE “

The oilfield industry faced with low prices and low operational activity. However, new drilling season will come soon and oilpatch service and rental companies must be prepared. The Western Canadian oil and gas industry operates in annual seasonal cycles. A consequence is the need for a large number of skilled labor force and related equipment to handle peak activity periods. The cyclic nature of the industry creates significant challenges, such as low equipment utilization on an annualized basis, retention of a competent field work force, potential for increased accident and worker injuries. Learn more in “Oilfield PULSE”