View source for Rushmore Reviews

{{Orphan|date=September 2023}}

{{Use dmy dates|date=July 2017}}
{{Use British English|date=July 2017}}
{{Infobox company
| name = Rushmore Reviews
| logo    = Rushmore Reviews Logo.png
| logo_size = 200px
| type = 
| foundation = 1993
| location = [[Aberdeen]], [[Scotland]]
| key_people      =  Peter Rushmore <small> (Managing Director)</small>, Helen Rushmore <small> (Sales and Marketing Director)</small>
| area_served = Global
| num_employees = 25
| industry        = [[Oil and gas industry]]
| products        =  Shale Performance Review <small>(SPR)</small>, Drilling Performance Review <small>(DPR)</small>, Completions Performance Review <small>(CPR)</small>, Abandonment Performance Review <small>(APR)</small>, Interventions Performance Review <small>(IPR)</small>, Rushmore Drilling Index & Estimated Drilling Days<small>(RDI)</small>, Rushmore Drilling Index & Estimated Drilling Days<small>(REDD)</small>
| homepage = [http://www.rushmorereviews.com rushmorereviews.com]
}}
[[File:Image from the 25th Anniversary Meeting.jpg|thumb|An image from the 25th Anniversary Meetings, held in Aberdeen in November 2013.]]

'''The Rushmore Reviews''' is a service provided by [[IHS Markit]] that collects, analyzes and publishes [[offset well]] data for participating operators in the [[petroleum industry]]. The content of their extensive, global database is exclusively available to Review participants, who are then able to use the shared data to benchmark their own performance against others in the industry.

==History==
The Reviews began in 1993 when a group of oil operators, led by [[BP]], outsourced the production of the data collection and analysis project they had been conducting since 1988 to the Rushmore Reviews.<ref>{{cite web| url=http://www.epmag.com/EP-Magazine/archive/Benchmark-a-drilling-boost_2795| title=2003 Article}}</ref> This was a joint venture between two independent companies, Rushmore Associates Ltd (founded by Peter and Helen Rushmore) and the Sigma Consultancy (founded by Tim Stapenhurst and wife Pat). They shared offices and provided data to participants through a web-based portal. The Sigma Consultancy was purchased from the Stapenhursts on 30 April 2010, by Peter and Helen Rushmore, leaving the Rushmores the sole owners of the Rushmore Reviews.

Participants meet annually in [[Aberdeen]], Scotland to discuss and agree any changes to the data being shared and the rules under which it is shared. The 2013 annual meetings, hosted by both Helen and Peter Rushmore, marked 25 years of the Reviews, and 20 years since the outsourcing to Rushmore Reviews.<ref>{{cite web| url=http://rushmorereviews.com/np/issue26_np_web.html| title=Companies December 2013 newsletter}}</ref>

==Growth of the Reviews==
Initially in 1989 the Reviews consisted of twelve operators, who agreed a process for sharing [[Offset Well Data|offset drilling data]] for the first time. A standard set of metrics and definitions were employed by all twelve, and quality control was added to ensure the data was sufficiently reliable to be of real use to them. This became known as the Drilling Performance Review (DPR).<ref>{{cite web| url=http://www.rushmorereviews.com/liveMarketing/Reviews/Dpr| title=DPR History}}</ref>
Until 1993 the DPR was managed by the Operators themselves. However this was not a core activity for them and it was agreed that the DPR would be outsourced to Rushmore Reviews, who worked to increase the scope of the Reviews, as requested by the existing participants. Eventually the DPR grew to hold data for more than 50,000 wells.<ref>{{cite web| url=http://www.rushmorereviews.com/livemarketing/| title=Company website}}</ref>

The participants meet annually in Aberdeen to consider the Reviews and discuss/agree upon any revisions they require for the following year, ensuring that the Reviews continue to evolve and grow. 1994 saw the establishment of the Completions Performance Review (CPR), now containing information and schematics on the completion of over 12,000 offset wells in over 60 countries. Following an increasing number of well abandonments,<ref>{{cite web| url=http://www.spe.org/twa/print/archives/2013/2013v9n3/13_Tech101_FINAL.pdf| title=SPE archives}}</ref> demand grew among participants for the Abandonment Performance Review (APR) which began in 2008. The APR contains data for over 300 permanently [[Oil well#Abandonment|abandoned wells]], mainly situated in Europe.

In 2011 the Interventions Performance Review (IPR) was initiated after new products and services available in the industry<ref>{{cite web| url=http://www.slb.com/services/well_intervention.aspx| title=Schumberger Intervention services}}</ref><ref>{{cite web| url=http://www.bakerhughes.com/products-and-services/completions/wellbore-intervention| title=Baker Hughes Well Interventions}}</ref> increased the productivity of [[Well interventions|interventions]] for some participants of other Reviews, yet there was no performance benchmarking available in this area.

The Shale Performance Review (SPR), starting in 2012 contains information on the drilling, completion and frac'ing of offset multi-stage frac’ed wells. The SPR dataset includes multiple reservoir types, such as shale, sandstone, carbonate, siltstone, limestone and others. Over 7,000 wells drilled since 2011 are included, covering Canada, USA, Argentina, Australia, China, Colombia, Jordan, Indonesia, Poland and Sweden.

In an increasingly competitive industry, [[benchmarking]] has grown popular amongst oil and gas Operators,<ref>{{cite web| url=http://www.ey.com/Publication/vwLUAssets/US_E_and_P_benchmark_study_-_June_2012/$FILE/US_EP_benchmark_study_2012.pdf| title=US E&P benchmark study}}</ref> explaining why participation in the Rushmore Reviews has grown steadily. The dataset contains a large amount of [[Offset Well Data|offset well data]] encompassing drilling, completions, shale, interventions and abandonments. As of 2013, the Reviews contain data for over 50,000 wells, from conventional [[hydrocarbon]] to [[shale]] and [[coal seam gas]] wells. Over 100 countries feature in the Reviews, and the vast majority of Operating companies have made contributions.<ref>{{cite web| url=http://www.dmi-drillers.com/performance.html| title=DMI Drillers article}}</ref>

From 2012, Rushmore Reviews now hold a second set of annual meetings in [[Houston]] [[Texas]] for participants in the Shale Performance Review which continues to grow rapidly, with the notable addition of [[Chesapeake Energy]] to the Review in 2014;<ref>{{cite web| url=http://www.rushmorereviews.com/liveMarketing/News/article5| title=News, Rushmorereviews.com}}</ref> the second-largest natural gas producer in the United States.<ref>{{cite web| url=http://www.chk.com/Pages/default.aspx| title=Chesapeake.com homepage| url-status=dead| archiveurl=https://web.archive.org/web/20140315143547/http://www.chk.com/Pages/default.aspx| archivedate=15 March 2014| df=dmy-all}}</ref>

==IHS Acquisition==
On 5 February 2015, Denver based [[IHS Inc.|IHS]] acquired Rushmore Reviews.<ref>{{cite web| url=http://press.ihs.com/press-release/corporate-financial/ihs-acquires-rushmore-reviews-leading-service-provider-drilling-an| title=IHS Press Release}}</ref>

==Participant Website Tools==
Participants of the Reviews are provided with secure website access in order to view [[Offset Well Data|offset well data]]. The data is searchable and can be filtered by the user. The data may also be downloaded in Excel format.  Additionally there are a range of analytical tools available to study the data. These include performance metrics (P10, P25, P50, P75, P90, Min, Mean, Max etc.) as well as the facility to draw a range of different chart types.

Amongst the collection of tools, the Rushmore Drilling Index and Rushmore Drilling Index & Estimated Drilling Days, both designed and owned by the company, are particularly noteworthy. Designed as objective tools for well planning, they index the difficulty and indicate the amount of time a planned well is likely to take to drill to target depth.

==Countries included in the Reviews==
Below, an illustration showing the global coverage of the Reviews in the darker colour.

[[File:Global snapshot of Rushmore database.png|700px|Darker areas feature in the Rushmore Reviews database]]
{| class="wikitable"
|-
| {{ALB}}
| {{DZA}}
| {{AGO}}
| {{ARG}}
|-
| {{AUS}}
| {{AUT}}
| {{AZE}}
| {{BHR}}
|-
| {{BGD}}
| {{BEN}}
| {{BOL}}
| {{BRA}}
|-
| {{BRN}}
| {{KHM}}
| {{CMR}}
| {{CAN}}
|-
| {{CHL}}
| {{CHN}}
| {{COL}}
| {{COG}}
|-
| {{COD}}
| {{HRV}}
| {{CYP}}
| {{DNK}}
|-
| {{ECU}}
| {{EGY}}
| {{GNQ}}
| {{ETH}}
|-
| {{FLK}}
| {{FRO}}
| {{FRA}}
| {{GUF}}
|-
| {{GAB}}
| {{DEU}}
| {{GHA}}
| {{GRC}}
|-
| {{GRL}}
| {{GNB}}
| {{IND}}
| {{IDN}}
|-
| {{IRN}}
| {{IRQ}}
| {{IRL}}
| {{ISR}}
|-
| {{ITA}}
| {{CIV}}
| {{JOR}}
| {{KAZ}}
|-
| {{KEN}}
| {{LBR}}
| {{LBY}}
| {{MDG}}
|-
| {{MYS}}
| {{MRT}}
| {{MEX}}
| {{MAR}}
|-
| {{MOZ}}
| {{MMR}}
| {{NAM}}
| {{NLD}}
|-
| {{NZL}}
| {{NER}}
| {{NGA}}
| {{NOR}}
|-
| {{OMN}}
| {{PAK}}
| {{PSE}}
| {{PNG}}
|-
| {{PER}}
| {{PHL}}
| {{POL}}
| {{QAT}}
|-
| {{ROU}}
| {{RUS}}
| [[Sakhalin Island]]
| {{SEN}}
|-
| {{SLE}}
| {{SVK}}
| {{ZAF}}
| {{KOR}}
|-
| {{ESP}}
| {{LKA}}
| {{SDN}}
| {{SUR}}
|-
| {{SWE}}
| {{SUR}}
| {{SYR}}
| {{TZA}}
|-
| {{THA}}
| {{TLS}}
| {{TTO}}
| {{TUN}}
|-
| {{TUR}}
| {{TKM}}
| {{ARE}}
| [[Abu Dhabi]]
|-
| [[Dubai|UAE Dubai]]
| [[Sharjah (emirate)]]
| {{UGA}}
| {{GBR}}
|-
| {{USA}}
| {{VEN}}
| {{VNM}}
| {{YEM}}
|}

==A selection of participating Operators==
{| class="wikitable"
|-
| [[Afren]]
| Agiba (Eni)
| [[Anadarko Petroleum Corporation|Anadarko]]
| [[Apache Corporation|Apache]]
| Arrow
| Bapetco (Shell)
|-
| [[Bayerngas Norge|Bayerngas]]
| [[BG Group|BG]]
| [[BHP]]
| [[BP]]
| BP Block 18
| BP Block 31
|-
| BP Exploration
| BP Tangguh
| Burren (Eni)
| Cabinda Gulf (Chevron)
| [[Cairn Energy|Cairn]]
| [[Petronas|Carigali (Petronas)]]
|-
| [[Centrica]]
| [[Cepsa]]
| [[Chesapeake Energy|Chesapeake]]
| [[Chevron Corporation|Chevron]]
| Chevron AMBU
| Chevron CICo KLO
|-
| Chevron MCA
| Chevron SJV
| Chrysaor
| [[Canadian Natural Resources|CNR]]
| [[ConocoPhillips]]
| [[Korea National Oil Corporation|Dana (KNOC)]]
|-
| [[Aker BP|Det norske]]
| [[E.ON]]
| Endeavour
| [[Eni]]
| Eni Gas Land
| Eni Gas Offshore
|-
| Eni North Africa
| Eni Oil
| [[EnQuest]]
| EOG
| Equion
| Fairfield
|-
| Faroe
| FCP (Eni)
| [[Gaz de France]]
| GUPCO (DragonOil)
| [[Hess Corporation|Hess]]
| Ithaca
|-
| JV Gas (Statoil)
| [[Kosmos Energy|Kosmos]]
| [[Maersk]]
| [[Marathon Oil|Marathon]]
| Mubadala
| [[Murphy Oil|Murphy]]
|-
| NAE (Eni)
| NAM (Shell)
| NAOC (Eni)
| [[Newfield Exploration|Newfield]]
| [[Nexen Energy|Nexen (CNOOC)]]
| [[Noble Energy]]
|-
| [[Noreco]]
| [[Oando]]
| [[Occidental Petroleum|Occidental]]
| Occidental Mukhaizna
| Occidental SWL
| [[Ørsted (company)|Ørsted]]
|-
| [[OMV]]
| [[Origin Energy|Origin]]
| PanAmerican (BP)
| PanAmerican Deep (BP)
| PanAmerican Landlite (BP)
| PanAtlantic
|-
| [[Petroleum Development Oman|PDO (Shell)]]
| [[Perenco]]
| Petrobel (Eni)
| [[Petrobras]]
| [[Petrofac]]
| [[Premier Oil|Premier]]
|-
| [[PTT Public Company Limited|PTTEP]]
| [[QGC|QGC (CSG) (BG)]]
| [[YPF|Repsol (Repsol-YPF)]]
| [[Repsol|Repsol UNAR]]
| [[Roc Oil Company|Roc Oil Bohai]]
| [[Sakhalin Energy|Sakhalin Energy (Shell)]]
|-
| Salym (Shell)
| Samson
| [[Santos Limited|Santos]]
| [[Sasol]]
| [[Shell Oil Company|Shell]]
| SNEPCO (Shell)
|-
| [[Shell Nigeria|SPDC (Shell)]]
| [[Statoil]]
| [[Suncor]]
| [[Talisman Energy|Talisman]]
| [[Tengizchevroil|Tengizchevroil (Chevron)]]
| [[TotalEnergies|Total]]
|-
| [[Tullow Oil|Tullow]]
| VICO (BP)
| [[Wintershall]]
| [[Woodside Petroleum|Woodside]]
|}

==External links==
*[http://www.oilvoice.com/n/Operators_Commit_to_Drilling_Benchmarking/072c8c2f3.aspx Oil Voice (Renewals article)]
*[http://www.epmag.com/EP-Magazine/archive/Benchmark-a-drilling-boost_2795 E&P (Benchmarking for performance)]
*[http://www.epmag.com/EP-Magazine/archive/Benchmark-drilling-performance_2213 E&P (Benchmarking experts meet in Aberdeen)]
*[http://www.24-7pressrelease.com/press-release/operators-welcome-new-global-drilling-difficulty-index-rushmore-drilling-index-rdi-85660.php Press Release: Drilling Difficulty Index]
*[https://www.onepetro.org/conference-paper/SPE-128716-MS SPE paper]
*[http://www.dmi-drillers.com/performance.html Reference in DMI website]
*[http://www.oilvoice.com/n/Brazil_Drilling_Benchmarking_Boom/46ed5bcc6.aspx#gsc.tab=0 Oil Voice (Petrobras joins)]
*[http://www.scandoil.com/moxie-bm2/news/operators-commit-to-drilling-benchmarking.shtml Scandoil (Statoil and others commit to Rushmore Reviews)]
*[http://www.pennenergy.com/articles/pennenergy/2013/03/operators-celebrate-sharing-of-north-american-shale-well-data.html Penn Energy (Shale data celebration)]
*[http://www.oilvoice.com/n/PTTEP_and_other_NOCs_invest_in_wells_benchmarking/ac22c7e84b9b.aspx#gsc.tab=0 Oil Voice (PTTEP joins)]
*[http://www.oilvoice.com/n/Operators_celebrate_25_years_of_well_data_sharing/a8439ad94623.aspx#gsc.tab=0 Oil Voice (25 year celebrations)]
*[http://www.pennenergy.com/articles/pennenergy/2014/01/samson-resources-join-shale-gas-well-data-sharing-network.html Penn Energy article (Samson Resources joins)]
*[http://www.rushmorereviews.com/dls/79/lc/papers/Clear%20Leader%20NPT%20article.pdf Clear Leader (Peter Rushmore's NPT Article)]
*[http://www.rushmorereviews.com/np/Peloton%20newsletter%20May%202013.pdf Peloton's Wellview and the Rushmore Review template]
*[http://www.rushmorereviews.com/video/demovideo.asp Rushmore Reviews demo video]
*[http://www.energy-pedia.com/news/usa/new-157954 Energy-pedia News (Chesapeake to share data)]

==References==
{{Reflist}}

[[Category:Business services companies established in 1993]]
[[Category:Companies based in Aberdeen]]
[[Category:Analytics]]
[[Category:Business intelligence]]