Making 10k‑a‑Day Rig Savings with Data Driven Insights

What happens when well-planning teams move beyond conservative assumptions and trust the data? In this episode of Living Digital we speak with Jim Jacobsen at IPT Well Solutions, about how a data-driven approach transformed a Wyoming project—unlocking efficiencies, reducing rig overspecification, and cutting costs.

With hook loads 25% lower than initial estimates, teams enabled the use of more common rigs, achieving up to $10,000 per day in savings and removing around $1 million per well.

A practical case study in digital well planning—showing how better data leads to smarter decisions, lower risk, and more efficient engineering.