We have modelled the economic uplift of extra digital instrumentation on a typical Permian well. If the data can uplift production by 2.5%, then c$0.4M of instrumentation costs would “pay back” (i.e., break even). If the data can uplift production by 10%, it would add +$1M of NPV and +5% IRR per well. These numbers are all shown at $50/bbl, but you can flex the inputs in our model.
