It also is important to check the counterweight balance and size of the prime mover as compared to calculated requirements. The total well management process takes less than three hours per well and can lead to significant savings. Timers and pump-off controllers are one option to increase savings. Operators should understand the components of their power bill and analyze bills closely to identify savings opportunities. Negotiating win-win agreements with utilities is a possibility.
Operators also have the option of self-generated power.
Opportunities from Electric Restructuring. Historically, the power industry has been vertically integrated, with the utilities generating, transmitting, and distributing electric power. Since then, non-utilitygenerated power has doubled. Wheeling or bulk power transfer between utilities is common. Prices will vary considerably, pressuring endusers to make energy-efficient decisions and minimize risk.