Rife Resources Case Study
Rife Resources Ltd. is a private exploration and production company owned by the CN Pension Trust Funds, the pension fund for the Canadian National Railway Company’s employees. Rife produces more than 18,000 BOE (barrels of oil equivalent) per day and has interests in over 52,000 oil and gas wells.
We had been using spreadsheets to keep track of our sites, and it was a nightmare. Matidor organizes everything in one place for us and makes our cost accrual process so much faster. We never realized it would be so easy to get timely updates from our consultants.
There is increasing pressure and incentive provided by the Canadian government to reduce liabilities from the
ever growing number of abandoned wells. Rife recognizes the importance of managing the land reclamation and
environmental impact of their existing sites. Matidor.com helped Rife eliminate their “spreadsheet nightmare” and
increase project management capacity by 492%.
Rife didn’t have a reliable system to manage and track their abandonment and reclamation projects. Their existing in-house tools were more focused on reporting, and could not be used to capture daily project updates. Critical data such as project priority, files and to-dos were managed in individual spreadsheets.
Project information was not available at the team’s fingertips; every day team members had to gather the necessary updates from different sources (spreadsheets, docs, emails, etc.). This inefficient information flow resulted in miscommunication, data discrepancies and missed project goals.
One of their consultants recommended Matidor. Within the next three weeks, project managers from Rife worked closely with Matidor’s onboarding team to set up a custom account:
