RigER Oilfield Job Management Software: Company Profile

Background

Overview

RigER is a comprehensive oilfield operations management software tailored for energy service and equipment rental companies. Established in 2012, RigER has been instrumental in digitizing and streamlining operations within the oil and gas sector. The platform offers a cloud-to-mobile solution that transforms traditional paper-based processes into an efficient digital system, enhancing operational efficiency and cost optimization.

Mission and Vision

RigER's mission is to revolutionize the oilfield services industry by providing innovative technological solutions that drive process optimization, automation, and digitalization. The company's vision is to empower oilfield service and rental companies with tools that facilitate remote work, paperless documentation, and real-time operational insights.

Primary Area of Focus

RigER specializes in offering a unified platform that manages various aspects of oilfield operations, including equipment rentals, field services, dispatching, scheduling, invoicing, and inventory management. By integrating these functions, RigER aims to simplify complex workflows and improve overall business performance.

Industry Significance

In an industry traditionally reliant on manual processes, RigER's digital solutions represent a significant advancement. By converting conventional information management into a user-friendly digital system, RigER contributes to the modernization and efficiency of oilfield services, addressing challenges such as operational inefficiencies and the need for real-time data access.

Key Strategic Focus

Core Objectives

Operational Efficiency: Enhance the efficiency of oilfield service and rental companies by automating and streamlining daily operations.

Cost Optimization: Reduce operational costs through improved resource management and process automation.

Digital Transformation: Facilitate the transition from paper-based to digital workflows, promoting a paperless environment.

Specific Areas of Specialization

Equipment Rental Management: Oversee the entire lifecycle of equipment rentals, from scheduling and dispatching to maintenance and invoicing.

Field Service Management: Coordinate field operations, including job scheduling, dispatching, and real-time reporting.

Inventory Management: Monitor and manage inventory levels, track asset utilization, and ensure timely procurement.

Key Technologies Utilized

Cloud Computing: Provides scalable and accessible solutions for managing operations remotely.

Mobile Applications: Offers field personnel real-time access to job details, digital ticketing, and reporting tools.

Data Analytics: Utilizes dashboards and reports to deliver insights into operational performance and decision-making.

Primary Markets Targeted

RigER primarily serves oilfield service and equipment rental companies operating in the upstream and midstream sectors of the oil and gas industry. The software is designed to meet the complex demands of these companies, offering tailored solutions that address industry-specific challenges.

Financials and Funding

Specific details regarding RigER's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed. The company has not publicly announced any recent funding rounds or capital utilization plans.

Pipeline Development

RigER continually enhances its software offerings to meet the evolving needs of the oilfield services industry. Recent developments include:

RigER 9.5 Gillette Update: Introduced new features such as integration with Enverus – OpenInvoice, OpenTicket, OpenOrder, a Project Management Module, and updates to Repairs, Inspections, and Maintenance (RIM) Modules.

RigER Global Platform: Launched a customer portal, mobile applications, equipment scanner, expense claim functionality, and a vendor portal to enhance user experience and operational efficiency.

Technological Platform and Innovation

Proprietary Technologies

RigER Software Suite: A modular ERP system designed specifically for oilfield services, encompassing various modules such as Oilfield Rentals, Field Services, Dispatching and Scheduling, Oilfield Invoicing, Employee Hours Tracking, Oilfield CRM, Purchases, Inspections, Repairs, and Maintenance.

Significant Scientific Methods

Data Analytics and Reporting: Utilizes comprehensive reporting tools and dashboards to provide real-time insights into operational performance, asset utilization, and financial metrics.

Mobile Field Operations: Employs mobile applications that enable field personnel to access job details, update time logs, capture digital signatures, and upload attachments directly from the field, ensuring accurate and timely reporting.

Leadership Team

Specific details regarding RigER's leadership team, including names, current positions, professional backgrounds, and key contributions, are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The oilfield services industry is experiencing a shift towards digitalization, with companies seeking software solutions that enhance operational efficiency, reduce costs, and provide real-time data access. The market for oilfield management software is competitive, with several players offering various solutions tailored to the industry's needs.

Competitor Analysis

Merrick Systems: Provides industrial information technologies for the oil and gas industry, including real-time surveillance, field operations management, and field data capture.

Profire Energy: Specializes in burner-management systems and combustion-management technologies for the oil and gas industry.

Roxar AS: Offers products and services for reservoir management and production optimization in the upstream oil and gas industry.

Strategic Collaborations and Partnerships

RigER has integrated with various third-party applications to enhance its software capabilities, including accounting and ERP systems (QuickBooks, Sage), e-billing platforms (OpenInvoice, Cortex), e-signature services (DocuSign), and mapping tools (Google Maps).

Operational Insights

RigER's comprehensive suite of modules and integrations provides a competitive advantage by offering an all-in-one solution that addresses various operational aspects of oilfield service and rental companies. The platform's scalability and flexibility allow it to adapt to the specific needs of different organizations, enhancing its appeal in the market.

Strategic Opportunities and Future Directions

RigER continues to focus on expanding its software capabilities, integrating with additional third-party applications, and enhancing user experience through mobile and cloud-based solutions. The company's commitment to innovation positions it well to capitalize on the growing demand for digital solutions in the oilfield services industry.