3:I[5613,[],""]
5:I[1778,[],""]
4:["slug","oil-field-support-activities-financial-model-example","d"]
0:["IwAH_GtSA65mk6rQQxYAE",[[["",{"children":["industries",{"children":["construction",{"children":[["slug","oil-field-support-activities-financial-model-example","d"],{"children":["__PAGE__?{\"slug\":\"oil-field-support-activities-financial-model-example\"}",{}]}]}]}]},"$undefined","$undefined",true],["",{"children":["industries",{"children":["construction",{"children":[["slug","oil-field-support-activities-financial-model-example","d"],{"children":["__PAGE__",{},["$L1","$L2",null]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","construction","children","$4","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/dd3786e789bd89d0.css","precedence":"next","crossOrigin":""}]]}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","construction","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},[null,["$","html",null,{"lang":"en","children":[["$","head",null,{"children":[["$","meta",null,{"name":"robots","content":"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"}],["$","link",null,{"rel":"icon","href":"/images/website-icon.svg"}]]}],["$","body",null,{"itemScope":true,"itemType":"https://schema.org/SoftwareApplication","className":"b1","children":[["$","meta",null,{"itemProp":"applicationCategory","content":"Business Planning Service"}],["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":[["$","title",null,{"children":"404: This page could not be found."}],["$","div",null,{"style":{"fontFamily":"system-ui,\"Segoe UI\",Roboto,Helvetica,Arial,sans-serif,\"Apple Color Emoji\",\"Segoe UI Emoji\"","height":"100vh","textAlign":"center","display":"flex","flexDirection":"column","alignItems":"center","justifyContent":"center"},"children":["$","div",null,{"children":[["$","style",null,{"dangerouslySetInnerHTML":{"__html":"body{color:#000;background:#fff;margin:0}.next-error-h1{border-right:1px solid rgba(0,0,0,.3)}@media (prefers-color-scheme:dark){body{color:#fff;background:#000}.next-error-h1{border-right:1px solid rgba(255,255,255,.3)}}"}}],["$","h1",null,{"className":"next-error-h1","style":{"display":"inline-block","margin":"0 20px 0 0","padding":"0 23px 0 0","fontSize":24,"fontWeight":500,"verticalAlign":"top","lineHeight":"49px"},"children":"404"}],["$","div",null,{"style":{"display":"inline-block"},"children":["$","h2",null,{"style":{"fontSize":14,"fontWeight":400,"lineHeight":"49px","margin":0},"children":"This page could not be found."}]}]]}]}]],"notFoundStyles":[],"styles":null}]]}]]}],null]],[[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/5ad7baf19918e3f0.css","precedence":"next","crossOrigin":""}]],"$L6"]]]]
7:I[4699,["6081","static/chunks/6081-34deb2fa2ebb58a3.js?v1730970249106","3842","static/chunks/3842-90ad98b73050a768.js?v1730970249106","5405","static/chunks/5405-c4c21a9636648885.js?v1730970249106","2847","static/chunks/app/industries/construction/%5Bslug%5D/page-ccf60c8dc5b402cb.js?v1730970249106"],""]
8:T3162,{"id":"cG9zdDo1MDQ2","title":"Oil Field Support Activities Financial Model Example","content":"<p>Our Oil Field Support Activities Financial Model Structure covers all the essential aspects you need to consider when starting or scaling a Oil Field Support Activities business. By following this structure, you can better understand your revenue streams, costs, and assets, helping you optimize profitability and strategically plan for growth.</p>\n<p>Financial planning for an Oil Field Support Activities business is a crucial aspect of establishing and sustaining a successful enterprise in the energy sector. This complex and dynamic industry requires a well-structured financial model that encompasses various facets of the business. From revenues and direct costs to employees, expenses, and assets, the framework can help identify new revenue streams and offer insights to optimize profitability; however, it is essential to continuously adapt strategies. The Oil Field Support Activities financial model structure, although intricate, provides a foundation for informed decision-making. Because of its significance, neglecting this aspect could lead to unfavorable outcomes. This underscores the importance of diligent financial oversight in a competitive environment.</p>\n<h2>Revenues</h2>\n<p>An Oil Field Support Activities business can generate income from several streams:</p>\n<ul>\n<li><strong>Drilling Services:</strong> Revenue is typically calculated based on the number of wells drilled and the services provided per well.</li>\n<li><strong>Maintenance and Repair:</strong> Earnings come from servicing and maintaining equipment, calculated based on hourly rates and parts used.</li>\n<li><strong>Logistics and Transportation:</strong> Revenue projections are based on the volume of materials transported and distance covered.</li>\n<li><strong>Seismic Data Analysis:</strong> Income from conducting geological surveys and providing data interpretation services, charged per project or data volume.</li>\n<li><strong>Rental of Equipment:</strong> Revenue from leasing drilling rigs, cranes, and other machinery, calculated on daily or hourly rental rates.</li>\n<li><strong>Site Preparation:</strong> Earnings from land clearing and construction services, calculated based on project size and requirements.</li>\n<li><strong>Safety and Environmental Services:</strong> Revenue derived from training, audits, and compliance services, often offered as a package or subscription.</li>\n<li><strong>Consulting Services:</strong> Income from offering expert advice, calculated based on consulting hours or project fees.</li>\n</ul>\n<p>However, this diverse revenue model can be affected by market fluctuations, and although the potential is significant, it requires careful management.</p>\n<h2>Cost of Goods Sold</h2>\n<p>Cost of goods sold (COGS) encompasses direct expenses—such as:</p>\n<ul>\n<li>labor</li>\n<li>materials</li>\n<li><span style=\"font-size: revert;\">overheads—that are intricately linked to the provision of services.</span></li>\n</ul>\n<p>This includes equipment operation costs and employee wages incurred during project execution. However, it also covers materials utilized in maintenance; although these elements seem distinct, they collectively contribute to the overall expenditure. Because of this, understanding COGS is essential for evaluating financial performance.</p>\n<h2>Employees</h2>\n<p>Key personnel typically include:</p>\n<ul>\n<li><strong>Project Managers:</strong> Oversee operations and ensure that projects are completed on time; they must also stay within budget.</li>\n<li><strong>Field Technicians:</strong> Responsible for equipment maintenance and execution of field services.</li>\n<li><strong>Logistics Coordinators:</strong> Manage transportation and supply chains to and from various sites, crucial for efficiency.</li>\n<li><strong>Geologists:</strong> Conduct site analysis, providing valuable insights for drilling strategies, essential for successful resource extraction.</li>\n<li><strong>Health and Safety Officers:</strong> Ensure compliance with safety standards and manage risk assessments to minimize hazards.</li>\n</ul>\n<h2>Operating Expenses</h2>\n<p>Typical operating expenses include:</p>\n<ul>\n<li><strong>Rent:</strong> The cost associated with office or storage facilities can be substantial.</li>\n<li><strong>Utilities:</strong> Expenses for essential services such as electricity and water often fluctuate.</li>\n<li><strong>Insurance:</strong> Premiums related to business and liability coverage must be considered; they protect against unforeseen events.</li>\n<li><strong>Marketing:</strong> These costs are crucial for advertising and promotional activities; they can drive growth.</li>\n<li><strong>Administrative Expenses:</strong> Salaries for office staff and other related expenses are necessary for operational efficiency.</li>\n<li><strong>Training and Development:</strong> Investment in employee skills and certifications is vital, enhancing productivity.</li>\n<li><strong>Information Technology:</strong> Costs for software, hardware, and IT support are essential for operational integrity.</li>\n<li><strong>Professional Fees:</strong> Expenses for legal, accounting, and other services ensure compliance and sound financial management.</li>\n<li><strong>Vehicle Expenses:</strong> Costs for maintenance, fuel, and leasing company vehicles are essential for logistics.</li>\n<li><strong>Licenses and Permits:</strong> Fees required to comply with industry regulations are necessary for legal operation.</li>\n</ul>\n<h2>Assets</h2>\n<p>Key assets include:</p>\n<ul>\n<li><strong>Drilling Rigs:</strong> Essential machinery for the extraction of oil and gas, though their effectiveness can be contingent on various factors.</li>\n<li><strong>Transportation Fleet:</strong> Critical for logistics, though it can face challenges in field operations.</li>\n<li><strong>IT Infrastructure:</strong> Encompasses computers and software crucial for data management and analysis, although there may be vulnerabilities.</li>\n<li><strong>Warehouse Facilities:</strong> Provide necessary storage for equipment and inventory and must be properly organized for efficiency.</li>\n</ul>\n<h2>Funding Options</h2>\n<p>Common funding options include:</p>\n<ul>\n<li><strong>Bank Loans:</strong> Traditional lending from financial institutions which may come with stringent requirements.</li>\n<li><strong>Venture Capital:</strong> Investment from venture capitalists seeking equity in return, which may lead to loss of control.</li>\n<li><strong>Equipment Leasing:</strong> Access to necessary assets without high upfront costs, though it might result in long-term expenses.</li>\n<li><strong>Government Grants:</strong> Funding for projects meeting specific criteria, often requiring extensive documentation.</li>\n</ul>\n<h2>Driver-based Financial Model for Oil Field Support Activities</h2>\n<p>A truly professional financial model for an <a href=\"https://riger.us/oilfield-kpis/\">Oil Field Support Activities</a> business relies on operating KPIs (aka &#8220;drivers&#8221;) relevant to the sector.</p>\n<ul>\n<li><strong>Utilization Rate:</strong> The percentage of equipment actively used in operations can greatly impact profitability.</li>\n<li><strong>Rig Count:</strong> The number of drilling rigs in operation is crucial for assessing capacity.</li>\n<li><strong>Drilling </strong><strong>Success Rate:</strong> Reflects efficiency as the ratio of successful projects to total projects executed.</li>\n<li><strong>Cost per Barrel:</strong> A vital metric for financial health, indicating the average cost to produce one barrel of oil.</li>\n<li><strong>Employee Productivity:</strong> Determines overall performance by measuring average revenue generated per employee.</li>\n<li><strong>Break-even Point:</strong> Essential for sustainability at the level where total revenues equal total costs.</li>\n<li><strong>Customer Acquisition Cost:</strong> Total cost of acquiring a new client should be monitored closely.</li>\n<li><strong>Retention Rate:</strong> Indicates business success through the percentage of customers retained over a period.</li>\n</ul>\n<p>Driver-based financial planning represents a methodology for pinpointing or identifying essential activities—often referred to as &#8216;drivers&#8217;—that exert the most significant influence on business outcomes. Subsequently, this approach facilitates the construction of financial plans grounded in those activities. It enables the establishment of relationships between financial results and the requisite resources, such as personnel, marketing budgets, and equipment, needed to attain those outcomes.</p>\n<p>If you want to know more about driver-based financial planning and why it is the right way to plan, see the founder of Modeliks explaining it in the video below.</p>\n<p><iframe loading=\"lazy\" title=\"Unleashing the Secrets: Dominating Driver-Based Financial Planning\" width=\"640\" height=\"360\" src=\"https://www.youtube.com/embed/TRMzfKz9OOw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen></iframe></p>\n<h2>The financial plan output</h2>\n<p>The objective of financial forecast outputs should enable you and your management, board, or investors to quickly comprehend how your Oil Field Support Activities business will perform in the future. It is essential to gain assurance that the plan is both well thought out and achievable. Understanding what investment is necessary to implement this plan, as well as the anticipated return on that investment, is crucial. To achieve these objectives, here is a one-page template for effectively presenting your financial plan.</p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https://wp.modeliks.com/wp-content/uploads/2024/09/WhatsApp-Image-2024-09-27-at-09.52.52.jpeg\" alt=\"Oil Field Support Activities financial plan\" width=\"800\" height=\"520\" /></p>\n<p>In addition to this one-page summary of your plan, you will also require three projected financial statements:</p>\n<ul>\n<li><strong>Profit and Loss:</strong> Illustrates the company&#8217;s revenue and expenses over a specific period.</li>\n<li><strong>Balance Sheet:</strong> Provides a snapshot of the company&#8217;s financial position, including assets, liabilities, and equity.</li>\n<li><strong>Cash Flow Statement:</strong> Details cash inflows and outflows to indicate how well-positioned the company is to manage liquidity.</li>\n</ul>\n<h2>Oil Field Support Activities financial model summary</h2>\n<p>A professional Oil Field Support Activities financial model will help you think through your business and identify the resources needed to achieve your targets. You must set goals and measure performance; however, this process is crucial because it allows you to raise funding and make confident decisions. Although growing your business can be challenging, the right model provides clarity. But be aware that the effectiveness of this model hinges on your ability to adapt to changing circumstances.</p>\n<p>If you need help with your financial plan, try <a href=\"https://modeliks.com\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, a financial planning solution for SMEs and startups or contact us at <a href=\"mailto:contact@modeliks.com\">contact@modeliks.com</a> and we can help.</p>\n<p>Author:<br />\n<a href=\"https://www.linkedin.com/in/blagojahamamdziev/\">Blagoja Hamamdjiev</a>, Founder and CEO of <a href=\"https://www.modeliks.com/\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, Entrepreneur, and business planning expert.</p>\n<p><em>In the last 20 years, he helped everything from startups to multi-billion-dollar conglomerates plan, manage, fundraise, and grow.</em></p>\n","slug":"oil-field-support-activities-financial-model-example","date":"2024-10-17T14:20:51","featuredImage":{"node":{"id":"cG9zdDo0NDQ4","sourceUrl":"https://wp.modeliks.com/wp-content/uploads/2024/10/getty-images-W7L4VTb8WuA-unsplash.jpg","altText":"Oil Field Support Activities"}},"seo":{"metaDesc":"Discover an efficient Oil Field Support Activities financial model. Optimize investment strategies and gain insights for better financial decisions.","title":"Oil Field Support Activities Financial Model Example - Modeliks"},"industryName":{"industryName":["construction"],"category":["financial-model"]},"h1":"Construction Business Plan | Modeliks"}2:["$","$L7",null,{"post":"$8","isBusinessPlan":true}]
6:[["$","meta","0",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","1",{"charSet":"utf-8"}],["$","title","2",{"children":"Oil Field Support Activities Financial Model Example - Modeliks"}],["$","meta","3",{"name":"description","content":"Discover an efficient Oil Field Support Activities financial model. Optimize investment strategies and gain insights for better financial decisions."}],["$","meta","4",{"name":"keywords","content":"construction business plan, how to write a construction business plan, construction business plan software, business plan in construction industry, construction business plan example, business plan for construction business, business plan for construction company, business plan template for construction company, free construction company business plan template"}],["$","link","5",{"rel":"canonical","href":"https://www.modeliks.com/industries/construction/oil-field-support-activities-financial-model-example"}],["$","meta","6",{"property":"og:title","content":"Oil Field Support Activities Financial Model Example - Modeliks"}],["$","meta","7",{"property":"og:description","content":"Discover an efficient Oil Field Support Activities financial model. Optimize investment strategies and gain insights for better financial decisions."}],["$","meta","8",{"property":"og:url","content":"https://www.modeliks.com/industries/construction/oil-field-support-activities-financial-model-example"}],["$","meta","9",{"property":"og:site_name","content":"Modeliks"}],["$","meta","10",{"property":"og:locale","content":"en_US"}],["$","meta","11",{"property":"og:type","content":"article"}],["$","meta","12",{"name":"twitter:card","content":"summary"}],["$","meta","13",{"name":"twitter:title","content":"Oil Field Support Activities Financial Model Example - Modeliks"}],["$","meta","14",{"name":"twitter:description","content":"Discover an efficient Oil Field Support Activities financial model. Optimize investment strategies and gain insights for better financial decisions."}],["$","link","15",{"rel":"icon","href":"/favicon.ico","type":"image/x-icon","sizes":"16x16"}]]
1:null